ChainCatcher news, according to Jinshi reports, the recently released U.S. personal consumption expenditure data met expectations, and the market is optimistic about the prospect of the Federal Reserve cutting interest rates in December, with gold prices slightly rising in the Asian early session.Analysts from ANZ Research stated in a research report that during the U.S. Thanksgiving holiday, the overall market performance was sluggish overnight, and the commodity market currently estimates a 70% probability of a 25 basis point rate cut in December, up from 56% a week ago.Meanwhile, analysts noted that the geopolitical tensions in Europe have also boosted demand for safe-haven assets following the Russian missile strikes on Ukraine.

ChainCatcher message, according to data disclosed by Glassnode, as the price of Bitcoin rises, the 14 million BTC held by long-term holders have all entered a profit state, which has triggered an acceleration of selling activity, resulting in a decline of over 200,000 BTC in non-small balances since the historical high was breached.Long-term holders began to take profits when prices were strong and demand was sufficient to absorb, during which ETFs played a key role in absorbing over 90% of the selling pressure from long-term holders. However, as unrealized profits reach more extreme levels, it is expected that more long-term holders will accelerate their selling, and in the short term, this selling has already exceeded the inflow of ETFs.However, since a large amount of Bitcoin is still held by long-term holders, many of them may be waiting for higher prices before releasing more Bitcoin back into the circulating market.

ChainCatcher news, according to Cointelegraph, Bloomberg's senior ETF analyst Eric Balchunas stated that the decline in Bitcoin prices is not due to institutions or exchange-traded funds (ETFs), as the data points to long-term holders, also known as hodlers.The analyst wrote: "I see a lot of CT feeling confused/frustrated about why Saylor can buy $5 billion worth of BTC, but the price doesn't go up------this is similar to what I sometimes hear about ETFs after a large influx of funds. The data proves what I've been saying for a long time: this call is coming from within, it's the long-term holders."Onchain data shows that ETF flows are not the main reason for Bitcoin selling pressure. These ETFs have absorbed a significant amount of selling pressure from long-term holders, cryptocurrency trader and technical analyst Kyle du Plessis wrote: "Long-term Bitcoin holders sold $128,000 worth of BTC, but the U.S. spot ETF absorbed 90% of the selling pressure. Strong institutional demand has driven BTC higher, bringing it closer to the $100,000 milestone."

ChainCatcher news, Cboe plans to launch the first cash-settled index options related to the spot Bitcoin price on December 2.These options will be regulated by the U.S. Securities and Exchange Commission (SEC) and will be based on the new Cboe Bitcoin U.S. ETF Index (Ticker: CBTX), which is the first U.S. spot Bitcoin ETF index in the market: a modified market capitalization-weighted index designed to track the performance of a basket of spot Bitcoin ETFs listed in the U.S.The design of the Cboe Bitcoin U.S. ETF Index is also related to the price of spot Bitcoin, making it a representative measure of the asset.Previous news, CBOE plans to launch the first cash-settled options product related to spot Bitcoin next week.

ChainCatcher message, former Goldman Sachs executive and founder of macro research firm Real Vision Raoul Pal posted on social media, "New Treasury Secretary Scott Bessent supports using a weak dollar and low oil prices to drive growth in the U.S. and global economy. That's all you need to know. It will boost financial conditions. Scott is good for your bag. I've known him for over a decade, and he understands this."

ChainCatcher news, QCP released the latest report, which shows that Bitcoin reached a historic high of $97,900 this morning, driven by last night's market surge. This increase is attributed to growing optimism in the cryptocurrency market, particularly regarding Bitcoin's rising importance in the corporate world and increased capital inflows.MicroStrategy is expected to raise $2.6 billion to purchase more Bitcoin, with MSTR's market capitalization surpassing $100 billion, leading the trading volume in the U.S. market last night.Several corporate finance departments are following MicroStrategy's lead by incorporating Bitcoin into their reserves, with Acurx Pharmaceuticals reportedly purchasing $1 million worth of Bitcoin.As Trump's inauguration approaches, there is a surge in market enthusiasm for January call options.Outlook:Bitcoin is solidly above $97,000, just a step away from the $100,000 milestone. This week, we observed strong demand for March and June call options, indicating that investors hold a long-term bullish outlook for next year.Bitcoin spot ETFs have won for three consecutive days, with a total net inflow of $1.84 billion during this period. This year, Bitcoin ETFs have been the largest factor driving additional capital inflows into Bitcoin, with a net inflow of $29.4 billion in U.S. ETFs.As global central banks further loosen monetary policy, strong demand for Bitcoin continues, and prices are expected to remain supported before the end of the year.

ChainCatcher news, after Republican candidate Trump won the U.S. presidential election, gold prices fell. SP Angel analysts stated that the dollar and U.S. Treasury bonds surged due to the election results, weakening the appeal of gold, reflecting market concerns about the inflation policies that a Trump administration might implement. Trump had previously discussed plans to reduce immigration, impose broad tariffs, and cut taxes, all of which could drive up inflation. SP Angel added that gold buyers may also be preparing for a more intense election, but the Republican sweep may have led to the liquidation of such positions. (Jin Shi)

ChainCatcher news, according to Cointelegraph, NCPPR Free Enterprise Project Deputy Director Ethan Peck stated that Microsoft has a "fiduciary duty" to act in accordance with the economic interests of its shareholders, and resisting Bitcoin may contradict those interests.If Microsoft ultimately decides not to invest in Bitcoin, and the price of Bitcoin rises, Microsoft may face the risk of being sued by shareholders.

ChainCatcher news, Citadel CEO Ken Griffin stated that with the uncertainty behind us, we will see a "risk-on" environment for asset prices following the election.

ChainCatcher news, according to Cointelegraph, Dean Skurka, President and CEO of digital financial services company WonderFi, believes that the interest rate cuts in Canada and the United States, along with the upcoming 2024 U.S. presidential election, will continue to drive Bitcoin prices higher in the next 6-24 months.In an interview with Cointelegraph, Skurka explained that the recent decision by the Bank of Canada to lower interest rates by 50 basis points, along with the Federal Reserve's ongoing rate cut plan starting in September 2024, will encourage retail and institutional investors to enter the market or increase their existing positions.Skurka also emphasized that the upcoming 2024 U.S. presidential election is a major catalyst for Bitcoin prices, as the cryptocurrency industry believes that a Trump presidency would be beneficial for cryptocurrencies, while a Harris victory could cause a price shock in the short term.

ChainCatcher news, Jeff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that Bitcoin prices may experience a pullback before the U.S. presidential election on November 5, and increased volatility is expected in the coming days. As the election approaches, the premium on 7-day Bitcoin options should continue to rise compared to 30-day options.He added, "This is due to the fact that it takes several days to get complete election results. This trend may resemble the volatility seen before the launch of the spot Bitcoin exchange-traded fund in early January."

ChainCatcher news, JPMorgan analysts predict that Donald Trump's victory will further boost Bitcoin's momentum, thanks to what they call "devaluation trades" among retail investors.The analysts wrote, "Retail investors seem to be embracing 'devaluation trades' in a more pronounced way, as they purchase Bitcoin and gold ETFs. The impulse of retail investors is also reflected in meme and AI tokens, which have performed exceptionally well in terms of market capitalization."The analysts noted that there has been a sustained inflow of funds into gold ETFs, likely driven by retail investors, while institutional participation in gold futures has also paused. Overall, if Trump wins, retail investors are likely to not only buy risk assets but also further embrace "devaluation trades," suggesting that Bitcoin and gold prices could have additional upside potential in the event of a Trump victory.

ChainCatcher News, the Bank of Japan has kept its policy interest rate unchanged at 0.25%, in line with market expectations. It has also broadly maintained its inflation outlook, indicating that inflation will hover around the 2% target in the coming years, signaling its readiness to continue reducing large-scale monetary stimulus measures. As widely anticipated by the market, the nine members unanimously decided to keep the Bank of Japan's benchmark interest rate at 0.25%.In its quarterly outlook report, the Bank of Japan stated, "The Bank of Japan needs to pay appropriate attention to the future trends of the overseas economy, especially the U.S. economy, as well as the developments in financial markets." Bank of Japan Governor Kazuo Ueda is expected to hold a press conference at 3:30 PM local time to explain the policy decision. (Jin Shi)

ChainCatcher news, according to Cointelegraph, BitMEX co-founder Arthur Hayes predicts that if tensions between Iran and Israel escalate, the price of Bitcoin will rise alongside the surge in oil and energy prices.

ChainCatcher message, Bitcoin has outperformed stocks and gold this month, as more signs indicate that the regulatory outlook for the cryptocurrency industry in the U.S. will improve after the upcoming presidential election. Bitcoin rose 4% in October, surpassing global stock indices and gold so far this month.Noelle Acheson, author of the "Crypto Is Macro Now" newsletter, stated: "This rise is primarily driven by the U.S. presidential election, initially fueled by Trump's lead in prediction markets and polls, and later by the Harris campaign's somewhat supportive statements regarding the crypto market. I haven't seen the details of Harris's cryptocurrency policy yet, but it sounds less negative than the Biden administration's."

ChainCatcher news, 10x Research stated in its market analysis report that MicroStrategy's momentum continues. Over the past week, the stock has risen by 16%, reaching a market capitalization of $43 billion, a new all-time high. This upward trend may continue, with several key catalysts on the horizon. This could lead to a "tail wags the dog" situation, where MicroStrategy's stock performance may positively influence the price of Bitcoin.

ChainCatcher news, Bernstein analysts reiterated their prediction that if Donald Trump wins the presidential election next month, the price of Bitcoin could reach $80,000 to $90,000. While analysts expect Bitcoin to perform well in the long term regardless of the outcome, they stated that if Kamala Harris wins, Bitcoin may test the $40,000 range again.This year, Trump has repositioned himself as a candidate supportive of cryptocurrency—accepting cryptocurrency as campaign donations and outlining policies to turn the U.S. into a "powerhouse" for Bitcoin mining, appoint a crypto-friendly SEC chairman, and establish a national strategic Bitcoin reserve. In contrast, Harris only recently mentioned cryptocurrency in any speeches or policy statements; last month she made broader comments stating that she would encourage cryptocurrency businesses while protecting consumers, and that the U.S. should "take the lead" in the blockchain space, with digital assets being part of her "opportunity economy" vision.While Bernstein analysts believe that, in the context of low interest rates, ongoing U.S. fiscal deficits, and unprecedented debt levels, Bitcoin will perform well in the long term regardless of the outcome, the short-term reaction to the election could be substantial.

ChainCatcher news, Felipe Villarroel, portfolio management partner at TwentyFour Asset Management, stated that in recent weeks, investor expectations have become more aligned with those of the Federal Reserve.He mentioned in a statement, "The U.S. Treasury market is currently pricing in two rate cuts of 25 basis points in November and December, which is consistent with the median of the dot plot." He indicated that the Federal Reserve's baseline scenario is an economic soft landing (a decrease in inflation without harming the economy and labor market) with growth close to the potential growth rate of 2%, which requires setting the neutral interest rate around 3%.

ChainCatcher news, according to the analysis of the account Bitcoindata21, Coinbase's download numbers often rank among the top 500 apps in the Apple App Store. After a decline this month, its popularity has risen again. Coinbase has now reached the 385th position.The chart shows that download numbers are closely related to Bitcoin price performance, with Coinbase's ranking entering the top 175 during the bull market. Currently, as Bitcoin prices rebound, user interest has seen a resurgence.Santiment analysis points out that although positive comments have reached their highest level of the year, new historical highs are still to be awaited.