EMC Labs: Expectations of Interest Rate Cuts in September May Reshape BTC Trends, ETF Fund Flows Are Key

DeepChain TechFlow News, EMC Labs released the August cryptocurrency market report, analyzing the recent market trends and future prospects of Bitcoin ($BTC). The report points out that $BTC has been oscillating in the 'new high consolidation zone' for more than 5 months from mid-March to the end of August, entering a downturn. On-chain data shows that the 'new high consolidation zone' (53000~74000 USD) has accumulated at least 2.92 million BTC. Long-term investors have been increasing their holdings since May, adding 630 thousand $BTC by August 31. The inflow of stablecoin funds continues to increase, but there was a net outflow of 72.83 million USD in $BTC ETF funds in August, affecting $BTC price performance.

EMC Labs believes that September is a critical month, with the market focusing on whether the U.S. economy will achieve a soft landing. If there is a 25 basis point rate cut in September and positive economic data, $BTC may challenge the 70,000 USD mark again; if the economic data is unfavorable, $BTC may decline to 54,000 USD. The report emphasizes that the flow of $BTC ETF funds will be a key factor determining market trends.