ChainCatcher news, according to The Block, Standard Chartered's Head of Digital Assets Research Geoff Kendrick stated that the recent decline in Bitcoin's price is primarily influenced by the pressure from broader risk assets, rather than issues within the cryptocurrency itself. "From a volatility-adjusted basis, Bitcoin's performance is highly correlated with the 'seven tech stocks plus Bitcoin' portfolio," Kendrick noted in an email on Tuesday, "Tesla performed the worst, while Meta and Apple performed the best, with the rest being similar to Bitcoin."Kendrick believes that Bitcoin's rebound will depend on two main catalysts: a recovery in risk assets overall or Bitcoin-specific positive news (such as sovereign purchases). He pointed out that clearer tariff policies or a rapid rate cut by the Federal Reserve would help boost the market, "the probability of a rate cut in the May meeting rising from the current 50% to 75% could trigger a rebound." Although Bitcoin may quickly test the $69,000 support level if it falls below $76,500 in the short term, he still maintains a target forecast of $200,000 by the end of 2025.Next week's Federal Reserve interest rate decision will be a significant test for Bitcoin. Rohit Jain, Managing Director of CoinDCX Ventures, stated that if the Federal Reserve maintains the current interest rates as expected, it could lead to Bitcoin testing the $70,000 support level.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded and surpassed $80,000, currently reported at $80,024.7, with the intraday decline narrowing to 0.03%.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded and surpassed $98,000, with the 24-hour decline narrowing to 0.79%.

ChainCatcher news, according to Cryptonews, trader Skew holds a cautiously optimistic view on the current Bitcoin rebound trend, believing that the market seems to lean bullish. He pointed out that the rebound has pushed the price from $68,000 to $108,000 and mentioned that the relative strength index (RSI) on the 4-hour chart shows a "clear" bullish divergence.Material Indicators co-founder Keith Alan noted that the Bitcoin price is caught between the 21-day SMA (approximately $99,600) and the 50-day SMA (approximately $94,650), with key support still above the 21-day SMA. Crypto investor Satoshi Stacker believes that due to the holiday closure of the U.S. traditional financial markets, the Bitcoin market will temporarily ease selling pressure.

ChainCatcher news, CryptoQuant CEO Ki Young Ju tweeted that, based on order size, Coinbase whales are driving the current Bitcoin rally.

ChainCatcher message, Matrixport released the latest report stating: "Bitcoin has surpassed the $70,000 mark, reaching our year-end target set for early 2024. According to the latest 'Matrix on Target' report, we expect the price of Bitcoin may rise further before the end of the year. The U.S. presidential election could serve as a positive market catalyst, coupled with strong demand from investors for Bitcoin spot ETFs, which will further drive up the price of Bitcoin. As more bullish investors disclose their Bitcoin spot ETF holdings in the upcoming 13F filings, this could inject more momentum into the year-end Bitcoin rebound."

ChainCatcher news, according to The Block, based on data from CryptoQuant, retail investor activity has slowed down from June to late September, but has started to pick up since October. The agency noted in a report released on Tuesday: "In the past 30 days, retail demand has increased by about 13%, showing a trend similar to when we approached the previous historical peak in March."The report pointed out that the increase in retail demand for Bitcoin is occurring alongside a rise in institutional interest. While retail investors are returning to the market, institutional investors have been steadily increasing their investments in Bitcoin this year. This contrasts sharply with the first quarter of 2024, when market demand was primarily driven by large investors. The current dynamics of retail and institutional investor demand are similar to previous Bitcoin market cycles, and the recent increase in retail activity may signal a similar pattern of renewed optimism.To gauge retail investor demand, CryptoQuant focused on several key indicators. One of them is tracking the total amount of Bitcoin held in wallets that hold less than one Bitcoin. This total has increased from 1.734 million Bitcoins in mid-March to the current 1.752 million Bitcoins, an increase of 18,000. Another indicator is the volume of on-chain transactions below $10,000, which reflects the activity of small investors and provides a reference for the market sentiment of non-institutional investors.

ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $63,000, the cumulative short liquidation intensity on major CEXs will reach $1.015 billion; conversely, if Bitcoin falls below $60,000, the cumulative long liquidation intensity on major CEXs will reach $689 million.

ChainCatcher message, Matrixport released the latest chart showing that as Bitcoin prices rebound, the minting speed of stablecoins is also accelerating, indicating that fiat currency is steadily flowing into the cryptocurrency market.The 7-day minting ratio of stablecoins remains volatile, but compared to the weak period earlier this summer, the current inflow of funds has significantly increased. This trend is a positive signal for the crypto market, suggesting that as long as the entry channels for stablecoins remain open, Bitcoin prices are likely to continue rising.

ChainCatcher message, Matrixport released a chart report indicating that yesterday, we noticed that the Bitcoin Greed and Fear Index hit a low.In the past 24 hours, Bitcoin rebounded by 5%, once again validating the effectiveness of this indicator. At the same time, Bitcoin rebounded at the lower boundary of the downward channel, as traders expected.The current market is mainly driven by technical momentum, reacting to these signals until new fundamentals emerge.

ChainCatcher message, the latest report from Bernstein research points out that the results of the U.S. presidential election could have a significant impact on the cryptocurrency market. The report suggests that if Trump wins, it could lead to a bottoming out of Bitcoin prices and a subsequent increase.

According to ChainCatcher, The Block reported that on Monday, the cryptocurrency market experienced its most severe pullback since the FTX crisis, with Bitcoin's price dropping over 15% at one point before rebounding. JPMorgan analysts stated that this rebound was mainly due to institutional investors, who, despite the overall market turbulence, had limited or no de-risking in Bitcoin futures. In a report on Wednesday, JPMorgan's analysts noted that their futures positioning indicator suggests a positive outlook for these investors. They indicated that Bitcoin futures prices are at a higher premium compared to spot prices, indicating strong confidence among futures investors.Analysts believe there are many reasons for institutional investors to remain optimistic. Last week, Morgan Stanley allowed its wealth advisors to recommend spot Bitcoin exchange-traded funds to certain clients. Additionally, analysts stated that the large-scale liquidations from the bankruptcies of Mt.Gox and Genesis may have already passed, and cash payments from the FTX bankruptcy later this year could stimulate demand in the cryptocurrency market. Furthermore, they added that both major political parties in the U.S. have expressed support for favorable cryptocurrency regulations. However, analysts pointed out that these positive catalysts have largely been priced into the market.Analysts also noted that the recent significant drop in Bitcoin was not caused by cryptocurrency-specific issues but rather by a pullback in traditional risk assets like stocks. While institutional investors helped support Bitcoin's rebound, retail investors also contributed to Bitcoin's decline. Additionally, momentum traders, such as commodity trading advisors, played a role by exiting long positions and establishing short positions. Overall, despite recent adjustments, JPMorgan analysts remain cautious about the cryptocurrency market. Given that the aforementioned positive catalysts have largely been priced in, and the risk reduction in the CME Bitcoin futures space is limited, coupled with the continued weakness in the stock market, analysts recommend maintaining a cautious outlook.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded to reach 57,000 USD, currently quoted at 56,844 USD.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded and surpassed 56,000 USD, currently quoted at 56,222 USD.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded above $53,000, currently priced at $53,549.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded and surpassed $57,000, currently priced at $57,135, with a 24-hour increase of 0.8%.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded and surpassed $63,000, currently priced at $63,244, with a 24-hour increase of 3.92%.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded above $62,000, with a 24-hour decline narrowing to 3.02%.

ChainCatcher news, according to OKX market data, Bitcoin has rebounded and surpassed $70,000, currently priced at $70,026, with a 24-hour increase of 0.98%.

ChainCatcher news, according to OKX market data, Bitcoin has risen above $70,000, currently quoted at $70,025, with a 24-hour decline of 0.49%.