ChainCatcher news, asset management giant VanEck's latest report indicates that, from key indicators, this round of rebound seems to have just begun. VanEck analyzed three key indicators: funding rates, relative unrealized profits (RUP), and retail interest trends:Since November 12, the perpetual futures funding rate has remained above 10%, indicating a strengthening bullish momentum;Additionally, the current 30-day moving average of relative unrealized profit levels is about 0.54, which typically suggests that the market will peak over a longer cycle;The search term popularity is only 34% of the peak in May 2021, indicating that speculative frenzy has not yet spread, and the re-engagement of retail investors will provide further upside potential for Bitcoin.

ChainCatcher news, Bank of Japan Governor Kazuo Ueda stated that if the economic and price trends align with forecasts, the Bank of Japan will continue to raise policy interest rates and adjust the level of monetary support. The timing of interest rate hikes will depend on the economic, price, and financial outlook. Vigilance must be maintained regarding various risks, including trends in overseas markets. (Jin Ten)

ChainCatcher message, Santiment posted on X that as traders await clarity in the cryptocurrency market, the number of non-empty Bitcoin wallets has seen a significant decline, decreasing by 211,500 compared to three weeks ago, which is a strong FUD signal typically associated with future bullish price movements.Meanwhile, last weekend saw a decrease of 11,600 USDC wallets in a single day.Additionally, the number of Dogecoin wallet addresses increased by 46,400 within a week, indicating that traders are speculating on Meme coins, even after a local peak last week.

ChainCatcher news, the Growth Lead Intern of Monad posted on platform X that the probability curve of Trump winning on Polymarket is highly positively correlated with the price trend of Bitcoin.

ChainCatcher news, QCP Capital's latest analysis points out that the price of Bitcoin has risen from $62,000 to $65,000. Historical data shows that in the three weeks leading up to the U.S. elections in 2016 and 2020, Bitcoin began to rise significantly.From October this year to now, Bitcoin has only increased by 1.2%, far below the average increase of 21% in previous years. Analysts believe that the current price trend is similar to historical patterns, which may indicate a potential rise before the elections. However, investors should remain cautious and closely monitor market movements.

ChainCatcher message, trader Eugene Ng Ah Sio posted on social media, "The price movement in the next few days will be very critical, determining the mid-term and long-term direction of Bitcoin.Although Michael Saylor was an initial buyer of Bitcoin in the range of $59,000 to $63,000, if the Bitcoin price can maintain above $63,000, it means the net direction of the market is upward again. If it falls below that level, the market may return to a sideways trend.I believe the current situation is a 60-40 probability that has entered a new phase, but this will be the first real test."

ChainCatcher news, according to Cointelegraph, Australian crypto trading firm Zerocap stated that Bitcoin is "hard to predict," and after the Federal Reserve's decision on interest rates on September 18, Bitcoin could drop to $53,000 or rise to $65,000.Zerocap's Chief Investment Officer Jonathan de Wet mentioned that the market now expects a 62% chance that the Federal Reserve will cut rates by at least 50 basis points (0.5%), which has already contributed to Bitcoin's brief rebound to $60,000 on September 13.However, Wet stated that due to the lingering uncertainty of the impact of rate cuts in the short term, price movements are "hard to predict," and the instability of the upcoming November U.S. elections will only complicate matters further, "after the recent range lows, we see a downside target for BTC at $53,000, while the upside target after breaking the descending wedge is $65,000."He added, "It's hard to predict the direction before the elections, but the risk situation should lead to short-term positive sentiment."

ChainCatcher news, top trader Eugene Ng Ah Sio posted on social media that the current market price trend is similar to that of March 2022 or August 2023. However, investors should choose their own preferred direction.In March 2022, Bitcoin rebounded to the highest point just below the top, and then began a one-sided downward trend in April. In August 2023, Bitcoin experienced a rapid decline in mid-month, followed by a brief consolidation before starting a one-sided upward trend.

ChainCatcher news, recently, the crypto asset research institution EMC Labs released the May 2024 report titled "Policy Factors Intensify, Buying Power Gathers to Find Breakthrough Points."The report points out: Along with massive chip exchanges and severe market fluctuations, coupled with the delay in interest rate cuts, the inflow of funds into the stablecoin channel in May was only $341 million, far lower than the $8.9 billion and $7 billion in March and April. In contrast, the fiat funds in the ETF channel saw outflows on 5 out of 22 trading days in May, while recording net inflows on 17 trading days, with a total net inflow of $1.905 billion for the month, significantly higher than the $341 million in the stablecoin channel. In May, the Nasdaq index rebounded strongly, recovering all losses from April. The funds in the BTC ETF channel are currently more influenced by the Nasdaq index, and under the weak on-site funding conditions, its dominance over BTC prices is strengthening. Thus, the upcoming Nasdaq performance influenced by tech stocks may become the most significant factor determining BTC price trends.

ChainCatcher message, Su Zhu stated on X: "Compared to the ETF itself, today's price movement more clearly shows the amount of off-market funds waiting on the sidelines, ready to buy at any catalyst. Even if the ETF is rejected, although it will take longer, the price will eventually rise. This is the study of predetermined certainty."

ChainCatcher news, CoinDesk X tweeted that the recent $DOGE price movement is strikingly similar to the situation at the end of 2020, when the token rebounded from a bear market and surged over 1,000% in early 2021. Source @godbole17

ChainCatcher news, BitMEX co-founder Arthur Hayes commented on social media, expressing a pessimistic outlook on the future price trend of Bitcoin (BTC). According to the Bitcoin price chart he shared, Hayes stated that Bitcoin looks "very heavy" and believes its price will fall below the $40,000 mark. To this end, he has started shorting by purchasing put options with a strike price of $35,000 that expire on March 29.Hayes further speculated that the decline in Bitcoin could last until the U.S. Treasury's quarterly refinancing announcement on January 31.

ChainCatcher news reports that, according to The Data Nerd monitoring, Wintermute and DWF Labs played a significant role in the price movement of CYBER over the past two weeks.On August 15, Wintermute received 144,900 CYBER tokens (approximately $929,000) from the CyberConnect team at an average price of $6.4 and deposited all of them into Binance shortly after to increase liquidity.On August 20, the CyberConnect multi-signature wallet transferred a total of 133,300 CYBER (approximately $603,000) to the Wintermute OTC wallet at an average price of $4.4. Then, Wintermute transferred all CYBER to Binance; additionally, the Binance contract trading platform launched the CYBER/USDT trading pair that day.On August 21, the CyberConnect team deposited another 35,000 CYBER (approximately $165,000) into Binance via Wintermute OTC. On August 30, Wintermute received another 205,000 CYBER ($2 million) and deposited it into CEX at an average price of $6.95.Overall, Wintermute deposited a total of 518,000 CYBER into CEX (4.6% of the initial supply).Meanwhile, DWF Labs withdrew 170,000 CYBER (approximately $765,000) from Binance at an average price of $4.5 on August 22. They then deposited all tokens into Bithumb at a price of $8.57, which would have yielded a profit of $691,000 (190%) if sold at that time.Additionally, a new wallet starting with 0x9b7 was monitored with a total transaction volume of 7.74 million CYBER. It received most of the CYBER from Upbit and then deposited it into Binance.

ChainCatcher news, according to data from cryptocurrency market data provider Kaiko, the 30-day rolling correlation between Bitcoin and Ethereum has dropped to about 78% this week, marking the first time it has fallen below 80% since November 2021. Kaiko explains that correlation measures how closely the price movements of two assets are related. When correlation is low, it means their prices tend to move in different directions more often. (source link)