There are several big things today. The Federal Reserve's M2 has begun to expand. It was shrinking so much before that it reached the worst level since 1960. The Hong Kong police cracked down on a Hong Kong branch of a money laundering group involving cryptocurrencies. The amount involved was very large, 600 million Hong Kong dollars. Trump posted a "FIGHT" on a certain platform, and the price of the related Meme coin briefly exceeded $0.017. JPMorgan Chase predicts that the demand for Bitcoin will increase in the next 10 years. There is also a smart money that bought 5,690 Ethereum coins at an average price of $2,276 today.

The total market value of cryptocurrencies is $2.02 trillion, and the 24-hour trading volume of the entire network is $83.2 billion. The US Bitcoin spot ETF had a net inflow of $12.9 million; the US Ethereum spot ETF had a net outflow of $9.51 million.

Analyst MIKE said that the price of Bitcoin has returned to around $58,220, which shows that the market is a little uncertain and the short-term direction is unclear. Data shows that Bitcoin trading activity has decreased significantly in the past week, from 909,000 transactions on September 8 to 412,000 transactions on September 11. This indicates that investor participation has decreased. This sharp drop is generally related to fluctuations in network activity and market sentiment, especially after a period of frequent transactions, market trading volume often naturally decreases. Investors must be careful of short-term price fluctuations and pay more attention to the impact of external factors. This is just a personal suggestion, for your reference only