ChainCatcher message, Glassnode co-founder Negentropic posted on social media interpreting the Swissblock Bitcoin Fundamental Index (BFI) stating, "Current Bitcoin liquidity continues to weaken, but network growth remains stable. The period from December 2020 to February 2021 is similar to the current cycle phase and price trend.During that time, liquidity outflows were accompanied by price adjustments, but network growth continued. Similarly, when prices stabilized and new liquidity began to flow in, prices rebounded strongly. This indicates that once liquidity flows back into the market, we may see prices rise, and as long as network growth remains at bullish levels, prices will not drop to lower levels."

ChainCatcher message, the cryptocurrency market research agency Santiment posted on the X platform that the cryptocurrency market further retraced this week, triggering panic among retail investors. Especially Bitcoin and Ethereum, which faced a large amount of panic selling from new traders who entered the market in the past 2-3 months.These new traders have not previously experienced medium-sized corrections, and they feel panic in an unfamiliar foreign market environment. Historically, when retail investors start selling due to panic and emotions, whales and sharks usually seize the opportunity to buy more coins with less resistance, leading to a price rebound. This rebound may not happen immediately, but market conditions are moving in the right direction.

ChainCatcher news shows that the U.S. November CPI accelerated both year-on-year and month-on-month, while the core CPI's year-on-year and month-on-month increases remained the same as in October. These data points are fully in line with expectations, and the market has almost completely priced in a 25 basis point rate cut by the Federal Reserve in December.According to 4E monitoring, U.S. stock indices showed mixed results on Wednesday, with the Dow Jones down 0.22%, the S&P 500 up 0.82%, and tech stocks and chip stocks rising collectively, pushing the Nasdaq up 1.77%, reaching a historic high and closing above the 20,000 point mark for the first time. Among large tech stocks, Tesla rose nearly 6%, leading Google, Meta, Amazon, and other tech giants to new highs. Tesla's six consecutive trading days of gains also made Musk the world's richest person with a net worth exceeding $400 billion. Cryptocurrency-related stocks surged collectively, with MicroStrategy up over 9% and Coinbase nearly 4%.With the U.S. CPI data meeting expectations, the overall cryptocurrency market has rebounded. Bitcoin rose 4.5% to regain the $100,000 mark, Ethereum broke through $3,800, and altcoins collectively rebounded, generally returning to the positions before yesterday's decline. Data shows that the U.S. Bitcoin spot ETF saw a net inflow of $223 million yesterday, and over 970 million USDT flowed from Tether to CEX in the past 24 hours, indicating active market trading and strong bullish sentiment.In the forex commodities sector, the dollar experienced a V-shaped rebound, rising for four consecutive days to a two-week high, while non-U.S. currencies fell broadly; rate cut expectations boosted gold prices, with spot gold climbing 0.9% to test $2,720, reaching a five-week high; U.S. EIA crude oil inventories fell more than expected last week, and with global demand expected to recover, oil prices continued to strengthen under these dual positive factors.With the non-farm and CPI data released, a rate cut by the Federal Reserve next week has almost become a certainty. However, given that the data itself has increased compared to previous values, it has somewhat compressed the Fed's room for rate cuts next year, and the market expects a lower probability of a rate cut in January. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa, "a giant whale that lost 8.22 million dollars by leveraging long on ETH" has increased its position after the market rebound. This address withdrew 1,401 ETH (approximately 3.39 million dollars) from Binance 10 hours ago, deposited it into Compound, and then borrowed 2.3 million USDT to recharge into Binance. Currently, it has a total of 2,794 ETH collateralized, borrowed 4.53 million USDT, with a health factor of 1.23. It will face liquidation if ETH drops to 1,965 dollars.

ChainCatcher news, BitMEX Chief Growth Officer Raphael Polansky stated on X that despite many cheering for a market rebound, one of the macro indicators favored internally at BitMEX, the RRP, shows signs of continued tightening liquidity this month. Historically, RRP has been inversely correlated with Bitcoin's performance. A high RRP is typically bearish for Bitcoin and cryptocurrencies.

ChainCatcher news, ByBit's institutional head Chris Aruliah has a different view on the impact of interest rate cuts on the crypto market. Aruliah wrote in an email statement: "The softening economic indicators and the geopolitical complexities leading to a general slowdown in the global economy are weakening investor sentiment. Therefore, while the Federal Reserve's decision to cut the policy rate by 0.5% may provide a short-term boost to the cryptocurrency market, it is crucial to remain vigilant about the potential challenges posed by economic uncertainty and market volatility."BitMEX co-founder Arthur Hayes pointed out in an interview that he believes an overall rate cut is unnecessary, and a 50 basis point cut would trigger a brief market rebound but ultimately expose deeper issues within the global financial system, leading to further price declines.He stated: "At a high level, I think they shouldn't raise rates. I believe the U.S. economy is quite strong. If you look at the GDP data from the past eight or nine quarters, you'll see it has been consistently growing. If they decide to continue cutting rates, inflation will accelerate into the fourth quarter."

ChainCatcher news, according to on-chain data analyst Yu Jin's monitoring, a whale address that bought 5,822.6 ETH (approximately 20.58 million USD) at a price of 3,535 USD on June 19 sold 3,900 ETH (approximately 10.62 million USD) 8 hours ago at a price of 2,724 USD during the market rebound.The ETH previously purchased by this address has now sold a total of 4,675 coins, with an average selling price of 2,701 USD, realizing a loss of 3.9 million USD (-23%).

ChainCatcher message, Deutsche Bank's liquidity data shows that as global stock markets rebounded last week, investors who significantly reduced their stock investments during the market volatility in early August quickly increased their holdings. Funds flowed into index options, mega-cap tech stocks, cyclical stocks, and defensive stocks.Deutsche Bank stated in a report on Monday that the positions of fully discretionary investors (who decide when to buy or sell) "jumped significantly last week, completely recovering from the decline (of last week) and now once again far exceeding average levels," which is a sign of the market's rapid recovery from severe sell-offs.Deutsche Bank also noted that trend-following portfolios, including "volatility control" funds (which buy during relatively calm markets and sell during turbulent periods to curb losses), have also "significantly increased" their stock investments, although positions remain "well below historical highs."

ChainCatcher message, Coinbase analyst David Duong stated: "Tuesday's market conditions indicate that with increased buying activity on centralized exchanges, a short squeeze could occur. We believe that market panic will persist in the short term, but shorts may be squeezed, which could lead to a market rebound in the coming days."Although prices have slightly rebounded, the Bitcoin futures funding rate remains negative over the past 24 hours. This indicates that demand for short positions is still high, suggesting that traders are still betting on a decline in Bitcoin prices.

ChainCatcher news, following a sharp decline into a bear market on Monday, the Japanese stock market rebounded strongly on Tuesday. The Nikkei 225 index and the Topix index rebounded nearly 10%, marking the largest increase since October 2008; after the yen fell about 1% against the dollar, export stocks such as technology companies and automakers surged. The significant fluctuations in the stock market triggered the circuit breaker mechanism for Nikkei index futures, while the implied volatility of the index also retreated from its highest level since 2008.Nomura Asset Management Chief Strategist Hideyuki Ishiguro stated, "The panic selling may have ended, but today's market movements could still be a roller coaster, as global market anxiety remains very high."

ChainCatcher news, according to a post by The Block's research director @lars0x, many indicators in the crypto market rebounded in July, with adjusted total on-chain transaction volume increasing by 31.8% to $445 billion (BTC: +34.7%, ETH: +27.7%). Adjusted on-chain stablecoin transaction volume grew by 18.8% to $997 billion, with the issuance supply increasing by 1.2% to $144.3 billion, of which USDT accounted for 78.9% and USDC for 17.1%:In July, BTC miner revenue decreased by 1.2% to $950.2 million, while ETH staker revenue fell by 6.6% to $270.2 million. A total of 17,114 ETH were burned in July, equivalent to $56.4 million. Since the implementation of EIP-1559 in early August 2021, a total of 4.35 million ETH have been burned, amounting to $12.3 billion. Monthly NFT market transaction volume on Ethereum decreased by 49.6% to $140.3 million.In July, legitimate CEX spot trading volume increased by 6.7% to $702.7 billion, and the monthly net inflow for all BTC spot ETFs grew by 473%, reaching $3.15 billion. Bitcoin futures open interest increased by 15.6%, while Ethereum futures open interest decreased by 5.6%. BTC monthly futures trading volume rose by 65% to $1.66 trillion, and ETF monthly futures trading volume increased by 43.1% to $755.5 billion. CME Bitcoin futures open interest grew by 13.5% to $10.6 billion (with average daily trading volume increasing by 12.3% to $5.05 billion). Bitcoin monthly options trading volume increased by 31.9%, reaching a new high of $56.9 billion, while ETH monthly options trading volume decreased by 8.1% to $15.5 billion.

ChainCatcher news, according to CoinDesk, Galaxy (GLXY) Research indicates that the cryptocurrency venture capital market has continued the rebound momentum from the second quarter of this year, with a more active funding environment compared to previous quarters.The report states that the number of venture capital deals decreased from 603 in the first quarter to 577, while the investment capital increased from $2.5 billion in the second quarter to $3.2 billion. The median deal size slightly rose to $3.2 million, but the "median pre-investment valuation surged to nearly historical highs," reaching $37 million, indicating that the recovery of the cryptocurrency market in recent quarters has led to "intense competition among investors and fears of missing out (FOMO)."

ChainCatcher news, according to Lookonchain monitoring, during the market rebound, whale B3aTMg withdrew 10,438 SOL (1.54 million USD) from Binance, buying 479.6 million MEW at an average price of 0.0032 USD, while whale 2zWLX9 withdrew 8,561 SOL (1.27 million USD) from Binance, purchasing 4 million SLERF at an average price of 0.317 USD.