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VIPBitget VIP Weekly Research InsightsUS initial claims for unemployment insurance and the unemployment rate are being released this week, key factors influencing the Federal Reserve's decision on interest rate cuts in September. The market has been sluggish recently, with noticeable risk-averse sentiment. Bearish sentiment among community users and the arrest of Telecom's CEO, a black swan event, have further dampened the mood, resulting in average performance for blue-chip coins and altcoins. The market tends to fluctuate significantly when macroeconomic data is about to be released. It is reasonable to reduce leverage, maintain reasonable position sizes, and preserve funds to buy the dip. We will introduce upcoming token launches on Bitget, on-chain earning opportunities with USDT/USDC and SOL, and speculative targets in the Solana Liquid Staking (LSD) sector.
At BRN Metaverse, our mission has always been to provide our community with the best opportunities for growth, engagement, and innovation in the digital space. As part of this commitment, we are thrilled to announce that BRN will soon be listed on Bitget, one of the fastest-growing cryptocurrency exchanges in the world. But why did we choose Bitget? Here’s a closer look at why we believe Bitget is the perfect platform for BRN’s next big step.
- 04:49Citibank: October non-farm data will significantly slow down, market focus will not return to economic recessionThe Federal Reserve has not yet declared victory in the fight against inflation, but policymakers have shifted some attention to the maximum employment part of their dual mandate. Citi economist Veronica Clark said in a recent report, "October non-farm data will be an important confirmation or denial of stronger September data, but it may not be enough to shift market attention back to the risk of a US economic recession," However, October's data will reflect the ongoing impact of Boeing strikes and hurricanes. Clark estimates that these factors could reduce employment by 70-80 thousand. Citi's view on non-farm employment data is more moderate than generally expected, predicting an increase of 90 thousand people and a slight rise in unemployment rate to 4.23%. In addition, Citi stated that any downward adjustment to September's data could be more significant than usual.
- 04:47In the past 13 hours, a certain whale has withdrawn 5 million US dollars from CEX to bet on the US election in PolymarketAccording to Onchain Lens monitoring, in the past 13 hours, a certain whale has withdrawn $5 million from CEX and placed bets on Polymarket about who will win the US election. They bought shares of "YES" for Trump and "NO" for Harris. This whale traded in six markets and still holds $907,000 worth of USDC available for betting.
- 04:44Analyst: Bitcoin market warning, high leverage triggers a drop in volumeAccording to Crypto Hunter on X, after the author reminded investors not to be blindly optimistic in yesterday's market analysis, the Bitcoin (BTC) market quickly showed a trend of sharp decline. The current daily chart has formed a dusk star pattern, which is a typical top reversal signal. From the perspective of coin-based holdings, Bitcoin's holdings have not significantly decreased and the market leverage is still at a high level. The market currently lacks positive signals and it is not advisable to rush to buy at low prices. Effective market turning signals include significant improvements in macro liquidity, significant reductions in leverage rates, and noticeable weakening of sell orders.
