September 1 Market Daily Report

1. Core Dynamics

- Expectations for interest rate cuts have risen in September, as rate cuts last year drove Bitcoin to rise for three consecutive months; currently, Bitcoin and Ethereum are reaching new highs supported by ETFs and institutional reserves, while most altcoins are at low levels. However, altcoin ETFs may be approved in concentrated batches in the next two months, and the breakout period is approaching.
- Tonight, wlfi spot will be listed on top exchanges, attracting attention equivalent to CPI and non-farm data, serving as an important bridge for traditional finance to enter the crypto space; due to the U.S. Labor Day holiday, the stock market is closed, leading investors to turn to the crypto market for purchases, which is expected to bring new users and funds to the exchange.

II. Capital Flow and Sector Opportunities

- WLFI may temporarily siphon off some funds from the crypto space, but in the long run, it will attract more external capital, which is more beneficial than harmful.
- Popular funding sectors: stablecoins, RWA, AI, DeFi, public chains, oracles, platform tokens, wlfi ecosystem, ETF-related, crypto treasury, and infrastructure projects with a user base. Leading projects are more likely to attract funding.

3. Market and Mainstream Coin Situation

- Whale Movements: An ancient whale has exchanged 34,000 Bitcoins for ETH within 11 days, now holding 814,000 ETH (surpassing the second largest treasury sbet's 800,000). If the remaining 46,000 Bitcoins are exchanged, the ETH holdings may exceed bmnr.
- Ethereum performance: The ETH to BTC exchange rate remains above 0.04; there are 966,000 ETH waiting for unstaking, and 773,000 ETH being newly staked, the gap is narrowing, with institutions and traditional players exchanging hands, and new staking may surpass in time or rise to a new high.
- Reference points: Bitcoin support at 108,000 and 105,000, target at 112,000 and 113,500 (if stable, can challenge 116,000); Ethereum support at 4,340 and 4,260, target at 4,500 (if stable, can challenge 4,580 and 4,650).

4. Operational Recommendations

- The opportunity for altcoins depends on the strength of Bitcoin. If the weekly chart breaks below the EMA15 (around 110,000), and if the weekly candle does not recover, it is advisable to be cautious about going long in the short term.
- For stability, focus on popular sectors, ETF expectations, and altcoins with crypto reserves; keep an eye on market hotspots in the short term, and filter and observe before making moves in the medium term.