ChainCatcher news, according to The Block, CryptoQuant data shows that the 30-day change in supply from short-term holders (STH) of Bitcoin has dropped to its lowest level since 2012. CryptoQuant's research director Julio Moreno stated that this could limit Bitcoin's ability to break through the current price range.Data shows that Bitcoin supply is shifting towards long-term holders (LTH), which are addresses that have held for more than 155 days. While the accumulation of Bitcoin by long-term holders is a prerequisite for price appreciation, Moreno emphasized that Bitcoin still needs new demand from short-term holders to sustain price increases. Moreno added, "Currently, there has been no significant new demand from short-term holders."

ChainCatcher news, cryptocurrency analyst Rajat Soni posted on social media that Bitcoin's recent breakthrough of $60,000 is different from before. The price has consolidated above $50,000 for more than six months, and the last time the price exceeded $50,000 was in 2021. However, at that time, most buyers were retail investors, while this time it is driven by institutional investors.

ChainCatcher news, renowned cryptocurrency analyst Willy Woo posted on social media predicting the Bitcoin market:Short-term: Timing signals indicate bullish volatility for 1-3 weeks.Medium-term: Since the halving in April, the supply-demand relationship has been bearish, but a reversal pattern may have started in the past 4 weeks (not yet confirmed), and more time is needed before Bitcoin breaks its all-time high.Macro: Risk signals confirm lower lows, BTC is not in a bear market, but is in a re-accumulation phase waiting.

ChainCatcher message, according to Cointelegraph, analysis by Kobeissi Letter indicates that driven by expectations of an upcoming interest rate cut, U.S. money market funds have reached a historic high of $6.2 trillion. Bitcoin may also see a record price increase, largely fueled by institutional investors as they anticipate the Federal Reserve will cut rates and adjust their portfolios... the era of high interest rates is coming to an end.Investors increasingly expect the Federal Reserve to cut rates at the meeting on September 18. According to the latest data from the Chicago Mercantile Exchange FedWatch tool, the current probability of a 25 basis point cut is 65.5%, while the probability of a 50 basis point cut is 34.5%.Meanwhile, analyst Titan of Crypto states that the expectations of a rate cut could drive Bitcoin's price above $68,000.

ChainCatcher news, Matrixport stated on platform X that although Bitcoin's upward movement faces multiple resistances, its price has rebounded above the range and may welcome a new breakthrough. Due to market concerns that the U.S. government will transfer Bitcoin (reportedly just moved to a new custody account), yesterday's attempt to break through the trend line ended in failure.Additionally, profit-taking may have occurred ahead of this week's FOMC meeting. Regardless of the reason, this setback seems to be temporary, and a new round of breakthroughs may be on the horizon.

ChainCatcher news, market data shows that the decentralized storage platform Arweave's token AR price has surpassed $15, reaching an 18-month high. The current price is $14.7, with a 24-hour increase of 21.08%, and a market capitalization of $936 million.