ChainCatcher news, Bitfinex released a report stating, "Bitcoin's approach to the historic $100,000 mark is driven by unprecedented inflows into Bitcoin ETFs and strong institutional demand. Despite facing profit-taking resistance at its latest all-time high, Bitcoin has shown resilience, maintaining around $96,000 over the weekend and then regaining some upward momentum in early trading on Monday. Since the pre-U.S. presidential election low of $66,880, Bitcoin has risen by 47%, and it has astonishingly increased by 130% year-to-date, paving the way for new horizons. The performance of Bitcoin compared to traditional assets is undeniable: Bitcoin's market capitalization has now surpassed Saudi Aramco, becoming the seventh-largest asset globally, with a peak valuation exceeding $1.9 trillion.Although Bitcoin's upward momentum is remarkable, it is not without profit-taking from long-term holders. Despite increased pressure, the current pressure remains manageable compared to the historical peaks in March 2021 and March 2024. These trends indicate a temporary stagnation in market momentum, but the overall market may absorb selling pressure and continue to rise in the medium term.The overall cryptocurrency market (excluding Bitcoin and Ethereum, referred to as the Total3 index) has also reached a new cycle high, with investor sentiment surging, driving the Total3 index to experience a 23.2% increase from low to high last week—this is the largest increase since April 2021. Large-cap altcoins, such as Solana (SOL), have reached new all-time highs, marking their breakthrough of key resistance levels, including the April 2022 peak.The market capitalization of altcoins is now approaching the $984 billion high from May 2021, indicating that speculative funds are shifting from Bitcoin to altcoins. Historically, this kind of fund rotation often heralds the arrival of "altcoin season," where altcoins outperform Bitcoin.In fact, the annualized funding rate for large-cap altcoins has surpassed the 45% threshold, marking an increase in speculative activity. With the participation of retail investors on the rise, short-term volatility is expected to increase, further driving the momentum of altcoins. However, these conditions also require caution, as extreme funding rates often signal severe market corrections."

ChainCatcher news, Nick Tomaino, the founder of 1confirmation, posted on platform X stating, "The most valuable lesson learned from past bull markets is that excessive hype is often a contrary signal. When the majority are making noise, it usually means they lack confidence in their positions, and once given the opportunity, they will sell to you. A large and steadfast group of holders is the best signal."

ChainCatcher news, Matrixport released a daily chart report indicating that in the past 24 hours, Bitcoin's trading volume surpassed $145 billion, setting a new historical high, nearly 50% higher than the flash crash in early August and the peak in March of this year.This surge in trading volume suggests that retail investors are returning to the crypto market. According to historical data, during bull market phases, retail trading activity typically lasts for several weeks or even months, so the increase in trading volume can be seen as a bullish signal.Google search interest in Bitcoin has also surged significantly, reaching a five-year high of 78%. Additionally, since the U.S. presidential election, inflows into Bitcoin ETFs have exceeded $1 billion for two consecutive days.

ChainCatcher news, the Bitget trading signal tool (Signal Bot) has officially upgraded to version 3.0. This upgrade includes three core features: first, support for multi-channel trading signal publishing across all platforms, allowing simultaneous publication to TG, X (formerly Twitter), Instagram, Facebook, WeChat, and more, reaching more users and expanding influence; second, one-click rapid copy trading, allowing users to copy quick commands and directly follow signal instructions for fast order placement; finally, real-time data analysis to optimize trading strategies: with powerful data analysis capabilities, users can view trading performance in real-time and quickly adjust strategies.In addition, Bitget has launched a limited-time reward event, where signal providers and followers will have the chance to win a prize pool of 10,000 USDT.

ChainCatcher message, Greeks.live macro analyst Adam posted on platform X: "The interest rate for Bitfinex green leaf lending has suddenly surged, with multiple orders borrowed at a high annualized rate of 30% today. In the case of a slight market pullback, spot whales have begun to significantly increase their positions, which can be said to be cost-agnostic. This is a strong bullish signal; borrowing at an annualized rate of 30% has been an accurate signal of a major bull market in the past two years."

ChainCatcher news, according to Cointelegraph, as disclosed by IntoTheBlock, currently 28.9% of the ETH supply is staked, while this figure was 23.8% in January.Among the staked ETH, 15.3% of the tokens have been staked for over three years. This data is considered a strong signal of "long-term confidence" in the future of Ethereum.

ChainCatcher news, according to Jinshi reports, the non-farm payroll data for September shows that the U.S. job market added 254,000 jobs last month, and U.S. stock index futures rose. The S&P 500 futures increased by 0.7%, higher than the approximately 0.3% before the data was released. Traders are weighing the positive signals of economic strength in the report, as well as the possibility that strong job growth may lead the Federal Reserve to slow down the pace of interest rate cuts.

ChainCatcher news, according to Lookonchain monitoring, the average daily ETH burn rate increased by 163% in the past week.Historically, in January and October 2023, the ETH burn rate saw an increase, followed by a price rebound.

ChainCatcher news, Bella Protocol announces a rebranding, with a new transformation aimed at deeply integrating artificial intelligence and decentralized finance. Its flagship product Bella Signal Bot has officially launched on Telegram, dedicated to simplifying crypto trading for users of all experience levels by providing real-time, AI-driven trading signals that enable traders to make informed decisions quickly.Bella Signal Bot continuously monitors market data, analyzes trends, and generates precise "long" and "short" signals for selected perpetual token pairs. It is supported by five advanced AI models: KnightML, ViperAI, AI Directional Risk, AI MeanRev, and OptimaShort, catering to various trading styles.In addition, Bella plans to launch a large language model (LLM) Research Bot in early October 2024. This tool will provide traders with in-depth market insights, allowing them to analyze tokens, trends, and market sentiment more accurately.

ChainCatcher news, according to Decrypt, Bernstein analyst Gautam Chhugani stated that any signals of loose monetary policy and potential dollar weakness are positive for Bitcoin. He pointed out that as of this year, Bitcoin has risen by 45%, surpassing gold's 27% increase. During a fundraising event held in New York last weekend, U.S. Vice President Kamala Harris expressed support for digital assets and publicly mentioned the crypto industry for the first time.Previously, former U.S. President Donald Trump also held a pro-crypto stance, advocating for friendlier regulatory policies. Although the crypto community remains cautious about Harris's position, Bernstein analysts believe that Harris's statement, along with Trump's support, indicates bipartisan backing, which could lead to more regulatory clarity. The momentum for Bitcoin ETFs remains an important factor. Despite recent price fluctuations, Bitcoin ETF inflows continue to show net inflows, with a cumulative inflow of $17 billion.

ChainCatcher message, trader Eugene Ng Ah Sio posted on social media: "If this is really the beginning of a sustained rebound, I can't imagine SOL staying below $150 for long.We have tested and held steady at the iron support zone of $120 multiple times, while another competing L1 chain has more than doubled when SOL was at a low.For me, this is the final confirmation signal that we are about to enter a bull market."

ChainCatcher message, the beginning of the Federal Reserve's easing cycle should be seen as an important signal to increase equity exposure.Chris Galipeau, Senior Market Strategist at Franklin Templeton, stated that history shows when the Federal Reserve cuts rates during an economic expansion, the S&P 500 index averages a 16.66% increase in the 12 months following the first rate cut. Conversely, when the Federal Reserve cuts rates during an economic expansion, the maximum average decline of the S&P 500 index is 4.91%. He noted that since the Federal Reserve cut rates in 1990, large-cap and small-cap stocks have shown the strongest growth performance in the 12 months following the first rate cut. "Therefore, we believe any pullback is a buying opportunity," Galipeau added. (Jin Shi)

ChainCatcher News, the Federal Open Market Committee (FOMC) will announce its interest rate decision later today. Analysts at Malayan Banking Berhad stated in a foreign exchange research and strategy report that the market's expectation for a 50 basis point rate cut by the Federal Reserve has stabilized in the range of 60%-70%.However, analysts noted that the FOMC may want to avoid sending the wrong signals to the market through a significant rate cut, partly because it could trigger panic. Analysts added that market participants are expected to focus on Federal Reserve Chairman Powell's press conference for nuances in forward guidance regarding future rate cuts. (Jin Shi)

ChainCatcher message, trader Eugene Ng Ah Sio shared on his personal social platform: "The last Token2049 marked a local bottom for the market and signaled the beginning of a new round of altcoin cycles. What will this Token2049 bring?"