[Viewpoint: Bitcoin Spot Demand Declines, Bear Flag Pattern Target Price $67,000] The Bitcoin daily chart has formed a bear flag pattern. If it breaks below the lower boundary of $90,000, it may drop to $67,380. Trader Roman stated that the current consolidation is preparing for a downward move. A Glassnode report pointed out that the cumulative spot trading volume difference for Bitcoin has dropped to -$111.7 million, and spot ETFs have shifted from a net inflow of $134.2 million to a net outflow of $707.3 million. Data from Farside Investors shows that ETFs saw an outflow of $60 million on Monday.

[BRN Director: Market in Wait-and-See Mode Ahead of Fed Decision, Early Signs of Recovery Emerging] BRN Research Director Timothy Misir pointed out that U.S. cryptocurrency ETF fund flows reflect selective positioning. Although Bitcoin is underperforming, altcoins are attracting capital. The stabilization of active address numbers and the increase in transaction volumes indicate early signs of recovery, but market confidence remains lacking. Traders are generally in a wait-and-see mode ahead of Wednesday's FOMC meeting. Weak employment data supports rate cut expectations, but household pessimism and record-high credit levels complicate the demand outlook.

The UAE's national security department has stated that Bitcoin is a key pillar of future finance. （Cointelegraph）

[BMW adopts JPMorgan's Kinexys blockchain system for automated forex transfers] German automaker BMW Group has begun using a blockchain-based system to automate part of its foreign exchange transactions. BMW is using JPMorgan's Kinexys platform, which automatically transfers euros from its Frankfurt account when the balance of its U.S. dollar account in New York falls below a set threshold.

[Trump: Immediate rate cuts are the litmus test for the new Fed chair, some tariffs on goods may be reduced] U.S. President Trump stated on the 8th local time that he is considering granting tariff exemptions for some goods, with tariffs on certain goods being reduced while others may be increased. Trump pointed out that the return of automobile companies to the U.S. is attributed to tariff policies. When discussing interest rate issues, Trump confirmed that immediate rate cuts are the 'litmus test' for the new Federal Reserve chair but did not explicitly state whether he had communicated with potential candidates for the position.