Bitcoin 'Buy The Dip' Calls Surge, But Liquidity Trends Point to $107K as Potential Magnet
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Liquidity trends and buy-the-dip mentions point to potential for a deeper sell-off.
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Liquidity trends and buy-the-dip mentions point to potential for a deeper sell-off.
[QCP Capital: Market Shifts from Panic to Adjustment, Fed Rate Cuts May Be Limited] QCP Capital analyzed that market sentiment has shifted from panic to recalibration. The Federal Reserve's recent 25-basis-point insurance rate cut has reopened the door to easing, but Powell framed it as risk management rather than the start of a deep easing cycle. Since economic activity remains robust and core inflation is near 3%, future rate cuts may remain shallow unless there is a significant downturn in economic growth. Long-term yields have risen due to term premiums and supply pressures, the stock market has hit new highs, and gold retreated after briefly surpassing $3,700. The dollar rebounded alongside U.S. Treasuries, indicating that one-sided shorting of the dollar is no longer risk-free. The analysis suggests that the Fed's policy may still lean tight, with room for adjustment compared to a lower neutral rate, which could lower the threshold for further easing. However, consumer resilience and the slow dynamics of hiring and layoffs in the labor market allow the Fed to act cautiously. Additionally, Europe and Japan no longer significantly outperform the U.S., the dollar may have bottomed out, while gold and Bitcoin reflect market skepticism about the return of aggressive hawkish policies.
[UK-listed BTC Treasury Company B HODL Makes First Purchase of 100 Bitcoins] According to a report by Jinse Finance, as disclosed by BitcoinTreasuries.NET, UK-listed company B HODL (HODL) has completed its first Bitcoin purchase, totaling 100 BTC.
Upbit has announced the addition of Infinit (INBTC) to multiple services, including spot trading, officially launching on September 25, 2023, at 04:00 (UTC+8). Notes: - Buying is prohibited within the first 5 minutes after trading support begins, and the minimum selling price is limited to -10% of the previous day's closing price. - Only limit orders are allowed within the first 2 hours after trading support begins. - Deposits and withdrawals are only supported on designated networks (IN: Ethereum, B3: Base); other networks are not supported.
Blockchain analytics company Elliptic announced that it has secured strategic investment from HSBC, becoming the first blockchain analytics company to receive support from four global systemically important banks (G-SIBs). Previously, the company had already gained backing from JPMorgan Chase, Santander Bank, and Wells Fargo. Richard May, HSBC Group's Head of Financial Crime, will join Elliptic's board of directors. Elliptic stated that the funding will be used to expand its team and financial services coverage to meet the growing demand from financial institutions for blockchain transaction monitoring tools. In the future, the company will focus on stablecoin regulation, AI-driven compliance solutions, and the expansion of blockchain network coverage.
[UXLINK Attacker Sells 1,620 ETH for DAI] According to Lookonchain monitoring, on September 24, the hacker who attacked UXLINK sold 1,620 ETH two hours ago, exchanging it for approximately 6.73 million DAI.