ChainCatcher news, according to CoinDesk, about a week ago, Bitcoin long-term holders (LTHs) began distributing a large amount of BTC. Since then, LTHs have accelerated the pace, reducing their total Bitcoin holdings from about 14.2 million in mid-September to about 13.2 million.According to Glassnode data, on Thursday, Bitcoin long-term holders sold nearly 70,000 BTC, marking the fourth largest single-day sell-off this year.

ChainCatcher message, QCP Capital's latest analysis points out that the Federal Reserve's hawkish FOMC meeting has triggered a comprehensive sell-off of risk assets, with the Nasdaq plummeting 3.56%, the S&P 500 down 2.95%, and Bitcoin falling by 6.13%. Although the market expects the Federal Reserve to cut interest rates by 25 basis points, the downward adjustment of the dot plot has caused panic. Due to persistent inflation, the Federal Reserve is expected to cut rates only twice by 2025, which is below the market's general expectation of three times.QCP Capital believes that while it is easy to attribute this round of sell-off to the Federal Reserve's hawkish stance, the fundamental reason for the market crash lies in the previously overly optimistic market sentiment. Since the U.S. elections, risk assets have experienced a one-sided upward trend, making the market extremely sensitive to any negative news.

According to ChainCatcher news and data disclosed by TK Research, after the airdrop of the PENGU token, approximately 700,000 addresses (accounting for 72%) immediately sold all their tokens after claiming them, 18% of the addresses chose to continue holding, and only 2.6% of the addresses continued to increase their holdings of PENGU while holding the airdrop.

ChainCatcher news, according to @ai_9684xtpa's monitoring, the suspected wallets associated with the PENGU project team (or early investors) are still selling off, having sold 176 million tokens (nearly 20% of their holdings) for approximately 9.287 million USD, with remaining tokens valued at 37.71 million USD.

ChainCatcher news, according to @ai_9684xtpa's monitoring, an OG address that accumulated LINK seven years ago is suspected of selling LINK, with a cost of $0.3283.This whale had accumulated 9.81 million LINK from March 2018 to June 2019, of which 520,000 were transferred multiple times to the current selling address; 5 hours ago, this address deposited 140,000 LINK to Binance, and if sold, it would profit $3.52 million, with a return rate of up to 7655%. Prior to this, the address had been dormant for over a year.

ChainCatcher news, according to The Block, analysts say that profit-taking and large sell-offs are hindering the rise of Bitcoin prices.BRN analyst Valentin Fournier emphasized that Bitcoin faces significant obstacles in breaking through the $100,000 mark. He believes that market catalysts are strong and investor confidence is continuously increasing, but Bitcoin is still struggling to break through the psychological price barrier of $100,000. The phenomenon of profit-taking is evident, and it is necessary to clear the sell-off barrier of over 4,000 Bitcoins (worth approximately $384 million) to achieve higher price levels.

ChainCatcher news, according to CryptoQuant data, long-term holders have sold 728,000 bitcoins in the past 30 days, reaching a new high since April of this year.

ChainCatcher news, according to Crowdfund Insider, the Gemini 2024 Global Cryptocurrency Report shows that UK crypto asset holders remain "unaffected" by market pressures, with 93% of existing cryptocurrency holders likely to purchase cryptocurrencies in the coming year. The proportion of UK holders owning cryptocurrencies remains stable at 18% in 2024, the same as two years ago.In addition, the cryptocurrency sell-off rate in the UK this year is relatively low, with only 15% of holders selling cryptocurrencies in the past six months, a figure lower than that of the US, France, and Turkey. UK cryptocurrency holders demonstrate a commitment to this asset class, with 59% willing to allocate at least 5% of their portfolios to cryptocurrencies, which is 2% higher than the global average.However, UK respondents continue to express concerns about the need for a "clear" regulatory framework for digital assets, with 49% stating that clearer government regulation would enhance trust.

ChainCatcher news, according to Lookonchain monitoring, a whale holding 398,891 ETH (1.14 billion USD) has started selling today after being dormant for over 8 years.In the past 6 hours, 13,400 ETH (37.38 million USD) have been sold, with an average selling price of 2,790 USD. On-chain monitoring has identified 28 wallets that began accumulating ETH in January 2016, with an average ETH cost of about 3.5 USD. All 28 wallets transferred their ETH to new wallets in August 2016, and these 28 wallets likely belong to the same giant whale.

According to ChainCatcher news, monitored by Lookonchain, ACT developers sold 34.2 million ACT in a single transaction for a total value of 4,340 SOL (approximately $730,000), causing the ACT price to plummet by 52%. The developers still hold 21 million ACT (approximately $630,000) and may sell again.Previously, the developers spent 4 SOL to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets, earning 7,455 SOL (approximately $1.25 million).

ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, the Unifi Protocol team is suspected of dumping $2.54 million worth of UNFI. The address 0x319...d4677 received 1.37 million tokens (approximately $7.82 million) distributed by the project team three years ago and has recharged 860,000 tokens to Binance six hours ago after three years.

ChainCatcher news, according to Lookonchain monitoring, a trader spent 2.07 SOL to buy 21.26 million GOAT 8 days ago and only made a profit of 0.7 SOL (approximately 108 USD) after selling, while these GOAT are currently worth up to 8.9 million USD.

ChainCatcher news, Glen Capelo, Managing Director of Fixed Income at Mischler Financial Group, stated that a 25 basis point rate cut by the Federal Reserve is likely to lead to a sell-off of U.S. Treasuries, although this largely depends on Powell's press conference. Michael Rosen, Managing Partner and Chief Investment Officer at Angeles Investments, believes that the current bond market is pricing in the Fed's rate cut pace too aggressively. The market expects the Fed to cut rates by 250 basis points next year, a magnitude that is only possible in the case of an economic recession. Therefore, he believes that the decline in short-term U.S. Treasury yields will be lower than market expectations, while long-term yields may even start to rise from now. (Jin Shi)

ChainCatcher news, according to Ember monitoring, in the past few days (from August 29 to September 3), a whale/institution withdrew 2,322 BTC (worth $58,604,000) from Binance, and 15 minutes ago transferred 1,000 BTC (worth $55,630,000) back to Binance, realizing a loss of $2,970,000.

ChainCatcher message: Due to the arrest of Telegram founder Pavel Durov, the price of TON, linked to Telegram, temporarily dropped by 25%. However, market analysis of some technical and market factors suggests that TON may experience a significant rebound in the coming weeks.A similar situation occurred with BNB. On April 30, when CZ was sentenced in the U.S., BNB dropped by 13.5%. However, once the ruling was finalized, BNB surged nearly 35% from its low and reached a high of nearly $700 on June 6. When news of legal disputes breaks, the market often reacts with panic selling, as traders rush to protect their investments from potential impacts.However, once the initial shock subsides, the market tends to reassess the situation more rationally. The same psychological pattern may also emerge with Toncoin. Pavel Durov's arrest could be seen as a significant danger signal, leading traders to exit their positions and causing a sharp price drop. But if the market later views this arrest as an isolated incident that will not fundamentally undermine the Toncoin ecosystem, traders may begin to see this drop as a panic buying opportunity.

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, according to Michael Hartnett, chief strategist at Bank of America, the turmoil in global financial markets has not yet reached a level that triggers concerns about an economic hard landing.The S&P 500 Index (SPX) has fallen about 6% since hitting a record high in mid-July, and the benchmark stock index remains above the 200-day moving average of around 5050 points, while the yield on the U.S. 30-year Treasury bond has not fallen below 4%.Michael Hartnett wrote in a memo, "The technical levels that could shift Wall Street's narrative from a soft landing to a hard landing have not yet been broken. Despite investor feedback being 'fatigued', expectations for Fed rate cuts mean that the preference for stocks over bonds has not ended due to the market sell-off."

ChainCatcher news, according to Bloomberg, major cryptocurrencies saw a slight increase on Thursday after Ripple Labs Inc. was ordered to pay a $125 million fine------a result that the company views as a victory over the U.S. Securities and Exchange Commission (SEC).Bitcoin rose by as much as 4.5%, surpassing $57,600, while Ethereum, the second-largest market cap token, briefly increased by nearly 5%. Nevertheless, both tokens remain well below their levels from a week ago.Meanwhile, the global stock market sell-off intensified, reflecting concerns over the economic outlook and tensions in the Middle East, as well as fears that heavy bets on artificial intelligence may not yield the expected returns.

ChainCatcher news, Bitwise CIO Matt Hougan posted that, setting aside emotions, history shows that the sell-off this weekend is a buying opportunity. He cited the example of the market crash on March 12, 2020, and stated that these changes indicate the importance of Bitcoin will continue to rise, not fall.The significant pullback in the cryptocurrency market may be self-reinforcing, creating a downward cycle that needs to exhaust itself before hitting the bottom. This is because, as prices fall, leveraged traders face margin calls and are forced to sell. Currently, there have been over $1 billion in futures liquidations, and it is still unclear whether the bottom has been reached.Matt Hougan stated that the real advice is to ignore short-term factors and look to the long term. Bitcoin is a volatile asset with large price swings. It has always been this way, and this situation will continue for some time. Moments like this once again prove that timing the market is foolish.