On September 1, Vincent Liu, Chief Information Officer of Kronos Research, stated that inflation data has intensified bearish market sentiment, which initially emerged after a series of large-scale Bitcoin whale sell-offs triggered leveraged position liquidations. Vincent Liu believes: "The key psychological support level for Bitcoin is at $100,000, and leveraged positions are under pressure, highlighting its fragile liquidity." He also added that the key support level for Ether is at $4,000. "If these support levels are breached, it could lead to deeper declines and wider liquidity tightening, but a true bear market requires more sustained falls." Regarding this week's US Non-farm Payrolls (NFP) data, Vincent Liu said, "A significant surprise in job growth could trigger severe market fluctuations—strong data could put pressure on crypto assets as risk appetite declines, while weaker-than-expected data could boost demand." (The Block)
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Viewpoint: The inflation data exacerbates the bearish sentiment in the market, with Bitcoin's key psychological support level at 100,000 US dollars.
On September 1, Vincent Liu, Chief Information Officer of Kronos Research, stated that inflation data has intensified bearish market sentiment, which initially emerged after a series of large-scale Bitcoin whale sell-offs triggered leveraged position liquidations. Vincent Liu believes: "The key psychological support level for Bitcoin is at $100,000, and leveraged positions are under pressure, highlighting its fragile liquidity." He also added that the key support level for Ether is at $4,000. "If these support levels are breached, it could lead to deeper declines and wider liquidity tightening, but a true bear market requires more sustained falls." Regarding this week's US Non-farm Payrolls (NFP) data, Vincent Liu said, "A significant surprise in job growth could trigger severe market fluctuations—strong data could put pressure on crypto assets as risk appetite declines, while weaker-than-expected data could boost demand." (The Block)