ChainCatcher news, QCP Capital's latest analysis points out that Bitcoin recently faced $1.5 billion in long liquidations, with the price plummeting by 3,000 points before rebounding at the critical support level of $95,000, currently consolidating in the $97,000-$98,000 range. This round of correction has also affected many altcoins.In terms of institutional entry, Bitcoin and Ethereum spot ETFs recorded net inflows for 8 and 11 consecutive days, respectively. Mining company Riot Platforms announced it would follow MicroStrategy's strategy, planning to issue $500 million in zero-coupon convertible bonds to purchase Bitcoin, a plan that has already garnered strong market demand. Notably, Microsoft shareholders will vote today on incorporating Bitcoin into the balance sheet. Although the board recommends against it, approval could lead to an unexpected surge. Meanwhile, reports indicate that Amazon shareholders are also pushing for Bitcoin to be used as a reserve asset.QCP points out that with the political situation stabilizing in France and South Korea, and China's commitment to launching economic stimulus policies, macro market volatility has eased. Bitcoin and Ethereum's short-term volatility remains high and leans towards put options. Analysts believe that a breakthrough of the $100,000 threshold for Bitcoin still requires key catalysts.

ChainCatcher news, QCP released its daily outlook stating that Bitcoin briefly touched $98,000 during the Thanksgiving holiday, driven by Michael Saylor showcasing his Bitcoin investment strategy to Microsoft. Microsoft's shareholders are set to vote on December 10 whether to include Bitcoin on its balance sheet.Major Microsoft shareholders, such as Vanguard, BlackRock, and Fidelity, have gained exposure to cryptocurrencies by investing in MSTR, Coinbase, and other crypto companies. One might argue that they already have sufficient exposure. However, if the proposal passes, it would not only benefit Bitcoin but also positively impact their other investments.While waiting for Microsoft's decision next week, U.S. employment and labor data will again be in the spotlight this week. ISM manufacturing data and PMI data are scheduled for release on Monday and Wednesday, respectively. However, the focus of the week will be on Friday's non-farm payroll data. The market will closely monitor this week's reports to better gauge inflation trends, especially ahead of the interest rate decision on December 17-18.

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, Matrixport released the latest report stating that South Korea is known for its active altcoin trading, but the current trading volume remains sluggish, and the possibility of a significant rebound in altcoins is low. The funding rate for Bitcoin has always been consistent with the trading volume trends in South Korea, and a higher funding rate typically attracts hedge funds to buy ETFs to profit from the spread.However, currently, the Bitcoin funding rate, South Korean trading volume, and the purchase volume of Bitcoin spot ETFs are all below the levels seen in March 2024, and the crypto market is still waiting for a "shot in the arm." Next week's U.S. presidential election may become a key catalyst to ignite new momentum in the market.

ChainCatcher news, according to Unchained, over four months ago, the Arbitrum DAO authorized the allocation of 225 million ARB for the "Game Catalyst Program" (GCP). However, due to a lack of transparency and accountability mechanisms, community members have raised concerns.Arbitrum community member Joseph Schiarizzi (@CupoJoseph) has posted a governance proposal suggesting that 220 million ARB in the GCP multi-signature wallet be returned to the Arbitrum DAO treasury.The proposal points out that the GCP council has not fulfilled its responsibilities, delaying several oversight and transparency commitments made in the initial proposal. On-chain data shows that 1.35 million ARB have already been transferred out of the GCP multi-signature wallet, leaving 223.65 million ARB remaining. If the proposal passes, GCP will retain only about 2 million dollars in funds to continue operations until it can prove that more funding is needed.Schiarizzi stated that his proposal may not pass, but its purpose is to introduce a certain level of accountability for the 120 million ARB tokens supporting GCP. He said, "I believe this will encourage the relevant parties to release updates more quickly."

ChainCatcher news, according to The Block, JPMorgan analysts have pointed out several key factors that may affect the cryptocurrency market in the coming months, mentioning technologies, geopolitical issues, and structural events that could drive price volatility. In a research report released on Monday, analysts discussed the seasonal "Uptober" trend, the Federal Reserve's interest rate cuts, the approval of Bitcoin ETF options, and the upcoming Ethereum upgrade known as Pectra.One key conclusion of the report is that October has historically shown strong performance, often referred to as "Uptober," with over 70% of Octobers yielding positive returns for Bitcoin. The analysts wrote, "Although past performance is not indicative of future results, we believe the popularity of 'Uptober' could influence behavior and lead to positive Bitcoin performance this October." Despite the recent interest rate cuts by the Federal Reserve, the analysts noted that the broader cryptocurrency market has yet to see the anticipated positive effects; while a rate-cutting environment typically supports risk assets, the correlation between total cryptocurrency market capitalization and the federal funds rate remains weak at 0.46. Since the Fed's rate cut on September 18, we have not seen a significant rise in cryptocurrency prices due to the cuts, and the market may be waiting for more sustained stability before making a decisive shift.Additionally, the analysts acknowledged that it is difficult to accurately predict how cryptocurrencies will respond to interest rate cycles due to a lack of historical data. Another potential catalyst is the recently approved spot Bitcoin ETF options trading. The analysts expect this could deepen market liquidity and attract new participants. This development could initiate a positive feedback loop, enhancing market structure and making digital assets more accessible to institutional investors. The upcoming Ethereum upgrade, referred to as "Pectra," is also seen as a significant development.The analysts stated, "While Pectra is expected to have a transformative impact on Ethereum's functionality, we believe this upgrade is more structural than a direct price catalyst. The long-term impact of Pectra will be to improve Ethereum's operational efficiency and adoption rates, but it is unlikely to trigger a short-term surge in Ether prices."The analysts concluded that the cryptocurrency market is currently in a wait-and-see mode, looking for clearer macroeconomic or structural catalysts to drive sustained growth. They stated, "We continue to see the crypto ecosystem becoming increasingly sensitive to macro factors, so we are waiting for the next major catalyst to drive the ecosystem's development and enhance retail participation for long-term growth."

ChainCatcher news, the LayerZero Foundation announced a collaboration with a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin Templeton, King River, Lightspeed, PayPal Ventures, and Spartan to launch the lzCatalyst program, aimed at providing a total investment of up to $300 million for new full-chain applications built around LayerZero.

ChainCatcher news, Treasure co-founder Karel Vuong published a lengthy article on the X platform clarifying "the reasons and motivations for Treasure DAO's proposed migration from Arbitrum to ZKsync."The article points out that leaving Arbitrum is a "bittersweet" moment; the team has a deep love for Arbitrum and has built, explored, and grown alongside it over the past three years. However, it has been 7 months since the game catalyst vote, and many things have changed. Although Karel Vuong denies that grants are the core reason for Treasure's departure from Arbitrum, he expressed disappointment in seeing Arbitrum representatives dragging Treasure down behind the scenes after investing a significant amount of time and effort to make GCP a reality, promote it within the DAO, and do everything possible to push it forward.Additionally, Karel Vuong stated that ZKsync is more conducive to the project's vision of large-scale adoption in terms of scalability, throughput, cost, gaming possibilities, onboarding, and interoperability. This is the main reason the team chose ZKsync.

ChainCatcher news, according to CoinDesk, NYDIG pointed out that there are fewer "catalysts" driving the recent rise in Bitcoin. September is typically a month of weak performance for Bitcoin prices, but on the bright side, October is usually one of the strongest months for Bitcoin prices.Market data shows that Bitcoin is currently fluctuating around $57,000, having risen over 3% in the past 24 hours.

ChainCatcher news, BNB Chain announced the winners of the ecological Catalyst Awards, among which:The Innovation Excellence Award was won by the AI project Aggregata and the programmable incentive layer protocol Cellula;The DeFi Excellence Award was won by KiloEx and Lista DAO;The Gaming Excellence Award was won by Seraph and StarryNift;The Infrastructure Excellence Award was won by CARV and Particle Network;The Rising Star Award was won by REVOX and Sidekick.

ChainCatcher message, Matrixport released a chart today stating that the Bitcoin Greed and Fear Index has once again reached "extreme fear" levels. We developed this index to provide a more strategic and timely sentiment reference than the widely cited "Fear and Greed Index."Historical data shows that Bitcoin typically rebounds in such situations. Key catalysts for this week include the presidential debate between Harris and Trump on Tuesday, and the U.S. CPI report on Wednesday.

ChainCatcher news, JPMorgan (JPM) noted in a research report on Friday that as of the end of last month, the total market capitalization of the cryptocurrency market was $2.02 trillion, a 24% decline from the peak in March, and stated that it is waiting for the next development catalyst and "increased retail participation."Analysts led by Kenneth Worthington wrote, "Overall, we continue to see a lack of significant catalysts in the crypto ecosystem, so we expect cryptocurrency tokens and asset prices to be more sensitive to macro factors."

ChainCatcher message, Bitcoin's volatility has exceeded the levels of March (when Bitcoin reached its all-time high) and continues to rise, with traders believing this could be the catalyst needed for Bitcoin to finally break out of its consolidation phase.However, to trigger a rebound, Bitcoin must first stay above $61,000 and successfully retest the $62,000 level, which is a level Bitcoin has not touched since August 9.According to data from CoinGlass, on August 21, the historical volatility chart indicator for Bitcoin reached 3.42%, surpassing the 3.00% recorded on March 13, when Bitcoin hit its historical high of $73,679.