September 1 Market Daily Report

1. Core Dynamics

- Expectations for interest rate cuts in September are rising. Last year, rate cuts during the same period 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 positions. However, altcoin ETFs may be approved in the next two months, and the outbreak period is approaching.
- Tonight, wlfi spot will be listed on top exchanges, receiving attention equivalent to CPI and non-farm data, becoming an important bridge for traditional finance to enter the crypto market; due to the US Labor Day stock market closure, stock investors are turning to the crypto market for purchases, which is expected to bring new users and capital to the exchanges.

2. Capital Flow and Sector Opportunities

- wlfi may temporarily siphon off some funds from the crypto market, but in the long run, it will attract more outside capital, which is more beneficial than harmful.
- Popular funding sectors: stablecoins, RWA, AI, DeFi, public chains, oracle, platform tokens, wlfi ecosystem, ETF-related, crypto treasury, and user-based infrastructure projects, leading projects are more likely to attract funding.

3. Market Overview and Major Cryptocurrency 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 continue to be exchanged, the ETH holdings may exceed bmnr.
- Ethereum performance: The ETH to BTC exchange rate remains above 0.04; 966,000 ETH are queued for unstaking, while 773,000 ETH are newly staked, the gap is narrowing, with institutions and traditional players exchanging hands, and new stakes may surpass and rise to new highs.
- Price reference: 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 altcoin opportunities depend on the strength of Bitcoin. If the weekly line breaks below EMA15 (around 110,000), and if the weekly line does not recover, it's advisable to be cautious about going long in the short term.
- For stability, one can pay attention to popular sectors, ETF expectations, and altcoins with encryption reserves; in the short term, focus on market hotspots, and in the medium term, it is necessary to filter and observe before making a move.