Long term holders are currently selling about 45000 ETH per day, the highest level since February 2021. If this trend continues, ETH prices may approach the technical target of $2500. (Cointelegraph)
Michael Saylor denied reports of MicroStrategy selling 47000 BTC and stated that the company will continue to increase its current holdings of 640000 BTC, even in the midst of a flash crash. (Cointelegraph)
[U.S. September Employment Situation Report to Be Released Next Thursday]
The U.S. Bureau of Labor Statistics stated that the September Employment Situation Report will be released next Thursday. The report was originally scheduled to be published on October 3 but was delayed due to the 43-day government shutdown.
According to the Wyckoff model analysis, if the support level of 94K (cost basis for 6 to 12 month holders) is lost, the next target may be 86K. Cointelegraph
[Federal Reserve's Logan Says Gradual Cooling of Labor Market Aligns with Inflation Reduction Goals]
Federal Reserve's Logan stated that the labor market is gradually cooling, which aligns with the goal of reducing inflation.
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[Federal Reserve's Logan: Inflation Issues Are Not Limited to Tariff Factors]
Federal Reserve's Logan stated that concerns about inflation issues are not limited to tariff factors.