Bitcoin fund flow remains at extreme levels for six consecutive days

[BitMEX Co-Founder Ben Delo Donates Significant Funds to Reform UK] According to Cointelegraph, BitMEX co-founder Ben Delo has confirmed donating significant funds to the UK political party Reform UK to support the operations and development of the party led by Nigel Farage. The specific allocation and usage details of the funds have not yet been disclosed.

Affected by the Federal Reserve's signal to suspend interest rate hikes, Bitcoin prices rose, resulting in the liquidation of $415 million in short positions. （Decrypt）

The United States Mint issues a $1 commemorative coin featuring the portrait of Trump and opens it for purchase to commemorate the 250th anniversary of the founding of the United States. Coins are sold in packs of 25 or 100, with a starting price of $61. Trump proposes to issue a $250 banknote featuring his portrait.

CryptoQuant analyst Axel Adler Jr. stated that the flow of Bitcoin funds has been at extreme levels for six consecutive days, and this pattern has appeared before the price decline in the current cycle. （Cointelegraph）

Ansem, a crypto trader, said that some top traders have not yet turned to bullish, mainly worried about war, treasury bond bond yields, the Federal Reserve's interest meeting and the four-year cycle. It is expected that these cautious traders will turn and start to pursue the price aggressively in the fourth quarter.