1. Breaking: Hezbollah confirms leader Hassan Nasrallah is dead (killed in IDF airstrike on Beirut yesterday)
2. Let's talk about the US dollar and Bitcoin. With the rapid depreciation of the US dollar,#DXYusually falls, which will attract new capital and push up the price of Bitcoin. With the recent weakening of the US dollar, the positive correlation can be seen when the US interest rate is added. If the Fed continues to cut interest rates as planned, it may cause DXY to fall further, which will be beneficial for funds to enter risky markets such as Bitcoin.
3. According to Glassnode data, Bitcoin#BTCaccumulation has surged significantly in the past 30 days, and smart investors are rushing to buy Bitcoin
4. Bitcoin spot#ETFhas seen a steady net inflow, which indicates that investor confidence has increased, especially among institutional investors. Of course, this optimism is attributed to market-friendly policies such as US interest rate cuts and China's economic stimulus (Figure 1)
5. In August,#corePCEgrew by 0.13% month-on-month. If the Fed's September SEP forecast is to be achieved (2.6% year-on-year), then the core PCE must grow by an average of 0.15% month-on-month by the end of the year. In layman's terms, less than 0.15% means bullish (Powell will continue quantitative easing or speed up the pace and give the green light)
6. From the chart, we can see that in the past month and a half, the realized profits of STH-short-term holders have decreased, as the current price is lower than their purchase price (Figure 2)
7. As can be seen from the chart, the selling pressure of Bitcoin $BTC is the lowest this year. Even though Bitcoin is close to its historical high, few people are selling it, so this is a bullish sentiment (Figure 3)
8. Finally, let's talk about A-shares. #A-shares have fallen for about 4,800 trading days in the past 20 years, and long-term investment returns are determined only by the 30 trading days with the highest increase (it's the holidays), which means that 99% of the days of Qing stock investors are spent in pain, so do you think A-shares are promising?