ChainCatcher news, Bitget Research Institute stated that in the short term, Polymarket shows that the market believes the probability of Trump winning exceeds 90%, which is a significant deviation from the then poll results. Trump secured the crucial votes in Georgia, further increasing his winning probability, leading to a panic entry of cautious funds, pushing the BTC price to new highs. Bitget Research Institute reminds that attention should be paid to the risk of a pullback due to short-term profit-taking after the election.In the medium to long term, Trump's election is favorable for BTC, but his policy direction may push up inflation levels in the United States, and the medium to long-term U.S. interest rates may remain above 3.5%. The Republican Party may sweep Congress this time, which could promote a regulatory framework favorable to the crypto market, benefiting the crypto market in the medium to long term.Additionally, Bitget Research Institute pointed out that in the derivatives market, the IV of the options market has risen, and the open interest in the contract market has increased by 900 million USD in the short term, indicating that traders are betting on future volatility. Furthermore, after the market capitalization of stablecoins broke a new high, it has been fluctuating around 160 billion USD, providing significant leverage space for the market, and BTC may reach the level of 100,000 USD within 5 months.

ChainCatcher news, Bitget Research Institute released a deep analysis report on the Bitcoin ecosystem, exploring the macro and micro trends within the Bitcoin ecosystem. The report points out that with the market expectation consensus of the BTC spot ETF approval, the upcoming BTC halving event, and the triple benefits of the anticipated Federal Reserve interest rate cuts, a large influx of funds continues to pour into the Bitcoin ecosystem, creating a sustained wealth effect. Although the wealth effect began with the BRC20 of the Ordinals protocol, it will not be limited to this niche but will expand comprehensively to other innovative protocols and sectors. The continuous influx of wealth will further attract sustained capital inflow, making the Bitcoin ecosystem likely to become the new engine for the next bull market.The report also notes that, in addition to innovative asset issuance protocols like Ordinals and Atomicals, another current focus of the Bitcoin ecosystem is scaling solutions, including Lightning, Rootstock, Stacks, and RBG, which are thriving and will help enhance Bitcoin's performance to build a more prosperous ecosystem.Bitget Research Institute believes that the development of the Bitcoin ecosystem will also impact different participants in the industry. To this end, it analyzes the opportunities and challenges faced by various market participants from multiple perspectives, including individual investors, institutional investors, exchanges, miners, and project teams, and shares six major predictions for the Bitcoin ecosystem in 2024 at the end.

ChainCatcher news, Bitget Research Institute points out that from a macro perspective, the Fed's expectations for interest rate cuts have driven commodity prices up, with gold prices breaking historical highs and BTC rebounding over 60% for a consecutive month. As the U.S. economy may enter a recession cycle, according to the Bank of America Global Fund Manager Survey, the consensus among fund managers predicting a rate decline in 2024 has reached 80%, the highest consensus level ever recorded in the survey. Along with the continuous decline of the U.S. dollar index, Bitcoin's price has continuously broken new highs for the year.On the secondary market level, the total trading volume of the crypto market has increased for three consecutive trading days, with the total market capitalization rising to 1.5 trillion USD. In the past 24 hours, the total liquidation amount across the market approached 200 million USD, with short positions liquidating 155 million USD. The strength of short positions is weakening, leading to a rapid price recovery. Currently, the combination of trading volume and price increase is relatively healthy, and the upward trend is expected to continue. The current market is highly volatile, and attention should be paid to market risks.

ChainCatcher news, according to RootData, shows that in October this year, the GameFi sector saw a rebound in investment, with financing exceeding 100 million USD, a 61% increase from 67 million USD in September, while the financing amounts in July and August were both less than 15 million USD. Additionally, favorable events for GameFi concentrated in November, with Pixels, Illuvium, Gala Games, TreasureDAO, and others releasing positive news in November. Furthermore, traditional gaming giants like Unisoft entering the market have raised user expectations for the playability of blockchain games.As confidence in the GameFi sector increases, game experiences improve, and user thresholds lower, it will attract more capital and users in the future.

ChainCatcher news, October's US CPI did not meet market expectations. Specifically, the CPI month-on-month is 0%, below the market expectation of 0.1%; the core CPI month-on-month is 0.2%, below the market expectation of 0.3%; the CPI year-on-year rose by 3.2%, below the market expectation of 3.3%; the core CPI year-on-year is 4.0%, below the market expectation of 4.1%.With the CPI data declining and the US economy beginning to show signs of weakness, the market expects a shift in the Federal Reserve's monetary policy, anticipating an early end to the tightening of monetary policy. According to CME data, the probability of a 25 basis point rate hike by the Federal Reserve in December has dropped to 0.2%. By December next year, the market expects the federal funds rate to fall to a range of 4.25%-4.5%. The market anticipates that by December next year, the Federal Reserve will cut rates by 100 basis points.The macro monetary policy environment of rate cuts means that more funds will be available in the market in the future, which is a significant boon for risk assets. It is expected that the supply of stablecoins in the cryptocurrency market will surpass previous highs.

ChainCatcher news, on August 15, Bitget held the fourth VIP private meeting, with the main speaker Cary, the chief track researcher at Bitget Research Institute, sharing tips on how to discover popular sectors in real time. He provided a comprehensive analysis of short-term and medium-to-long-term hotspot operation strategies.Cary stated: "Understanding the offline popular tracks and basic narratives, and making rough classifications, allows for preliminary judgments when encountering new projects or cryptocurrencies based on the sector's popularity and basic conditions. The driving forces of hotspots include: large event-driven, capital-driven, traffic-driven, etc.; on the other hand, accumulating smart money addresses is extremely important, such as the Debank smart money address ranking and smart money mined by on-chain data analysts."

ChainCatcher message, influenced by events such as the BALD token and LeetSwap, Bitget Research Institute found that the L2 network Base's TVL has dropped from $41.2 million to $7.18 million in the past two days, a decrease of approximately 82.5%. Meanwhile, the daily net inflow of assets in the Base cross-chain bridge has fallen by 92.7%, and on-chain activity has decreased by about 79.4%.Bitget Research Institute focuses on "focusing on on-chain data, mining valuable assets," by continuously monitoring on-chain data and regional hot searches to uncover cutting-edge value investments, providing institutional-level insights for crypto enthusiasts. Through data-driven in-depth research, it creates a better wealth effect for Bitget's global users.

ChainCatcher news, Bitget Research Institute has launched the "Public Chain Profile" open-source on-chain data dashboard. This dashboard currently includes multi-dimensional data from mainstream public chains such as ETH, Arbitrum, BSC, and Polygon, including: the number of active users for each public chain, new user profiles, existing user profiles, rankings of popular trading tokens, the sectors and projects users are most engaged with, Gas consumption rankings, and more.Bitget Research Institute focuses on "focusing on on-chain data, mining valuable assets." By monitoring on-chain data in real-time and analyzing regional hot searches, it uncovers cutting-edge value investments, providing institutional-level insights for crypto enthusiasts. Through data-driven in-depth research, Bitget Research Institute creates a better wealth effect for global users. (Source link)