ChainCatcher news, 10x Research stated in its market analysis that there has been a significant shift in market trends following the Federal Reserve's interest rate cuts, with investors' preference for DeFi and high beta assets beginning to rise. Several key themes emerged at the Token2049 conference, hinting at the impact of interest rate cuts on the revival of DeFi, such as the tokenization of real assets showing a decreased market demand for on-chain tokens similar to government bonds, as lower interest rates have made them less attractive.As Bitcoin breaks through $60,000 and aims for $65,000, savvy traders have begun accumulating undervalued altcoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT, betting on a strong rebound in the fourth quarter.

ChainCatcher news, Greeks.live researcher Adam tweeted that 20,200 Bitcoin options are about to expire, with a put-call ratio of 0.86, a maximum pain point of $59,000, and a nominal value of $1.28 billion. At the same time, 125,000 Ethereum options will also expire, with a put-call ratio of 0.67, a maximum pain point of $2,350, and a nominal value of $320 million.The Federal Reserve unexpectedly cut interest rates by 50 basis points, greatly boosting market confidence. As the third quarter comes to an end, investors are starting to position themselves for the fourth quarter. Following the rate cut, implied volatility across major maturities has decreased, and the approaching quarterly settlement may exacerbate this trend. Notably, since September, Bitcoin has performed relatively well, while Ethereum has been weaker, with its exchange rate against Bitcoin rebounding at the long-term support level of 0.04. The October market is worth watching.

ChainCatcher message, trader Eugene Ng Ah Sio posted on social media: "At the beginning of this month, due to the sharp drop of Bitcoin to $50,000, I was immediately stopped out. I had set my stop-loss point above $60,000. After that, I tried to go long once at around the $50,000 level, but was stopped out again. Overall, the loss was manageable.Later, I successfully caught the bottom on SOL and ETH. After one stop-loss, I gained about 10% return. On August 8, I successfully executed a large SOL long position, buying at $141 and selling at $157, making a profit of $3 million, and then returned to a flat position. The market volatility this month has been very fast, requiring a high level of execution precision, and my performance has not met expectations. Nevertheless, I will continue to use the same strategy, which is to go long before a market shift, as the correct returns far outweigh the risks of being wrong. The market in September looks unclear, and I have no long-term bias for September."

ChainCatcher news, the Web3 asset data platform RootData has released the "Web3 Secondary Market Trading Sentiment" survey results. This survey targeted participants in the Crypto secondary market, covering various aspects such as user trading behavior, attitudes towards AI products, and market outlook, collecting a total of 480 valid samples. The survey shows that 58.3% of respondents are aged between 26 and 35, 70.8% have over a year of Crypto trading experience, and 58.4% of users have invested 10%-50% of their total assets into the Crypto market.The survey indicates that since the beginning of this year, these users have achieved considerable returns on SOL, BTC, and a small number of Meme coins. In terms of losses, ETH, MATIC, and most Meme coins and newer projects were mentioned by a significant number of users. Regarding trading behavior, spot trading is the main type, accounting for 91.7%, with 37.5% of users adopting a long-term holding strategy.For the market outlook in the coming month, opinions are relatively dispersed but slightly lean towards an upward trend, with an overall optimistic sentiment. Among them, English-speaking users exhibit a more pronounced optimism (42.5% vs 35%). Users believe the most promising sectors are the Bitcoin ecosystem (66.7%), AI (52.1%), and MEME (47.9%). However, regarding the emerging AI+Crypto projects in the market, only 20.8% of users hold a positive attitude, as most users believe these products lack practicality, and their accuracy and reliability are questionable, with no phenomenal products having emerged yet.In terms of information sources, 85.4% of users rely on social media (such as X and Telegram), while 62.5% obtain information through professional media websites. In terms of tool usage, RootData and CoinMarketCap lead with usage rates of 79.2% and 62.5%, respectively, followed closely by Dexscreener and DefiLlama. Regarding user needs, 64.6% of users require more comprehensive risk assessment tools, and 58.3% need more in-depth on-chain data analysis features. Notably, there are differences between Chinese and English users in tool usage and needs; English users are more inclined to use professional analysis tools (such as Glassnode and Arkham), while Chinese users rely more on social media and private communities (90% vs 70%).Although users generally hold a cautiously optimistic attitude towards the market, they also express concerns about the uneven quality of projects, low innovation, excessive hype, and regulatory uncertainties, calling for strengthened project reviews and market regulation.Additionally, users who participated in this survey and filled out their RootData associated accounts will receive RootData points as a reward.

ChainCatcher news, according to the latest report from QCP Capital, BTC returned to $60,000 last night and stabilized at this level, completely reversing last Monday's sell-off. Despite Bitgo transferring $2 billion of Mt. Gox BTC last night, BTC still saw a slight increase, indicating that the market is beginning to ignore this supply factor. ETH spot ETFs have attracted inflows for two consecutive days, with a net inflow of $24.3 million on Tuesday.The weak U.S. Producer Price Index (PPI) data has led the market to expect that the Federal Reserve will cut interest rates by 50 basis points in September, with a probability of 52.5%. Tonight's U.S. Consumer Price Index (CPI) data is highly anticipated; if the data is weak, it may support a rebound in risk assets such as stocks and cryptocurrencies.In terms of trading advice, although the cryptocurrency market is supported by ETF inflows and BlackRock's buying on dips last week, a significant breakthrough is not expected before the fourth quarter due to the lack of major catalysts.

ChainCatcher news, Bitfinex released a report indicating that Bitcoin failed to hold the key support level of $65,580, with a total liquidation amount of $1.16 billion in the past 24 hours, primarily affecting long positions. Despite the bearish market sentiment and significant declines in Japanese and U.S. stock markets, prices are still expected to rise slightly to the $55,000 region. However, the overall market direction will depend on macroeconomic factors.Widespread market instability influenced by economic and political developments is affecting both cryptocurrency and traditional financial markets. Recent turmoil in the Japanese stock market and losses on Wall Street highlight the interconnectedness of global markets. The correlation between Bitcoin and traditional financial markets is increasing, and if the stock market continues to decline, Bitcoin is expected to face ongoing downward pressure.Meanwhile, the U.S. labor market is showing clear signs of slowing down, with the unemployment rate rising to 4.3%, up from the historic low of 3.4% set in April 2023. This increase marks the highest unemployment rate since October 2021. Job growth has significantly slowed, with only 114,000 positions added this month. Despite these signs of market cooling, the June job openings report showed a slight decline, and the previous month's data revision indicates that the slowdown is steady but not alarming.Against the backdrop of these labor market concerns, the Federal Open Market Committee (FOMC) decided to maintain the federal funds rate in the range of 5.25% to 5.5% on July 31, suggesting a possible shift towards easing its tightening monetary policy. Adding a positive aspect to the economic narrative, there was a surge in labor productivity in the second quarter, reflecting the ongoing strength and resilience of the economy despite challenges in the labor market.

ChainCatcher news, the encrypted asset data platform RootData recently released the "2024 Q1 Web3 Industry Investment Research Report," which states that RootData published a total of 12 issues of the Top 20 Trending Projects Weekly Ranking in the first quarter, with a total of 113 projects making the list. Overall, the search volume shows a close correlation with the market, influenced mainly by narratives, project TGE events, market performance, and more.Among them, public chains and DeFi searches account for the largest proportion of asset types. New asset categories are most likely to attract investor attention, such as Layer 3, modular networks, and re-staking protocols.Among the 12 projects with existing TGEs, RootData's search popularity shows a correlation with secondary market performance, even reflecting foresight in the secondary market performance of projects like Pyth Network, Manta Network, and Jupiter.

ChainCatcher message, 10x Research posted on the X platform that after a significant bullish outlook since January 25, 10x Research became cautious a month ago (on March 8) because, from a technical perspective, the long-term returns of the market seemed unpredictable at that time. Cryptocurrency trading is a game of risk and reward, and one should know when to go all in and when to lighten up, and the past thirty days have indeed not been a time for heavy bets. However, this situation will soon change, and the trading signals of interest also convey a similar message.

ChainCatcher news, the Web3 asset data platform RootData announced the hot search list for February, with the Layer2 network based on OP Stack Mode, the decentralized ZK-Rollup StarkNet, the public chain focused on DeFi Nibiru, the derivatives trading platform Aevo, and the Web3 gaming platform Portal ranking in the top five.Other projects that made it to the monthly search list include ZetaChain, Babylon, dYmension, Ethena, Smart Layer, Backpack, QnA3.AI, Tea, AltLayer, Puffer Finance, Berachain, Fuel, EigenLayer, Ultiverse, and B² Network.It is reported that this list is based on RootData's monthly search data of over 300,000 times, which can truly reflect the market popularity and user attention of Web3 projects, serving as an important reference for users to discover quality early-stage projects.