Lookonchain APP

App Store
Feeds Articles

Analysis: Bitcoin Encounters Short-Term Cost Line Resistance, Increased Inflow of Funds Suggests Intensified Long vs Short Battle

2025.09.04 17:24:34

On September 4th, on-chain data analyst Murphy elaborated on the potential for a post-balanced game on Binance following the accelerated growth of stablecoin balances. This morning, BTC peaked at $112,575 before encountering resistance, demonstrating the suppression of the short-term chip's average cost line at $112,700 and validating the rationality of analyzing the market from the viewpoints of short-term holder sentiment and holding mentality. The failure to break through the resistance level this time does not signify the end of the uptrend; there remains room for game theory. It was observed that since BTC entered a pullback on August 13th, Binance's mainstream stablecoin balance (USDT + USDC) has witnessed rapid and substantial growth. From August 13th to September 3rd, there was a net increase of $4.9 billion, which far exceeded the stablecoin balance growth during the same time period after BTC entered a pullback in August 2024 ($3.4 billion) and March 2025 ($2.8 billion). Calculated on a daily basis, the most significant inflows occurred on the following days: August 14, 2025: Net increase of $1.83 billion; August 22, 2025: Net increase of $1.72 billion; August 26, 2025: Net increase of $760 million; August 28, 2025: Net increase of $680 million; After deducting the incremental funds brought in by Binance's financial activities, there is still $3.6 billion. Currently, the overall sentiment of the spot and derivative markets leans towards bearishness. However, even in a weak market, there are still funds waiting to enter or gradually build positions. The flow of funds during the relative bottom range in August 2024 and March 2025 is very similar. Although it does not mean that the market reversal is about to commence, it at least indicates the possibility of a long-short game. This sharing is for learning and communication purposes only and should not be regarded as investment advice.
Add to Favorites Download image Share x Copy link
Relevant content

JPMorgan Chase has terminated its banking relationship with Polymarket over regulatory concerns.

According to a Wall Street Journal report, sources familiar with the matter said JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket last October due to regulatory concerns. However, the bank still maintains partial partnerships with Polymarket and other prediction market firms. A Polymarket spokesperson noted that the company currently has "close and active relations" with JPMorgan through multiple entities. Over the past year, Polymarket CEO Shayne Coplan has attended JPMorgan-hosted events three times. Earlier this year, a major investor in Polymarket assisted the firm in reaching out to large banks including Citigroup and Fifth Third. Currently, prediction markets are facing heightened scrutiny from U.S. state and federal regulators. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket, while the New York City Council is also probing its marketing practices; simultaneously, multiple states are engaged in ongoing litigation over whether prediction markets should be regulated as gambling operations. JPMorgan has previously come under the Trump administration’s spotlight over so-called "debanking" issues. Trump has ordered regulators to probe whether banks engage in "politicized or illegal debanking" practices, and JPMorgan received a subpoena from the U.S. Department of Justice last month as a result.

5 hours ago

Fed's Goolsby: More evidence needed to confirm inflation is falling

Chicago Federal Reserve President Austan Goolsbee said recent Consumer Price Index (CPI) data is encouraging, but inflation remained elevated in May and June. If the momentum from June persists over the next three to four months, policymakers can be confident prices are steadily returning to the 2% target, he noted. He backed holding interest rates steady in July, pointing out that inflation remains the top concern while the economy and employment have "broadly held stable." Goolsbee warned that a sustained drop in retail sales would spark worries, as consumption is a key pillar of the U.S. economy. Separately, he expressed concern over the recent slowdown in productivity growth, stating that if AI-driven growth is not sustainable, the narrative around AI and monetary policy will need to be re-evaluated. On the question of reducing the number of policy meetings, Goolsbee said he has no strong stance and is willing to wait for the working group’s recommendations. (Jinshi)

5 hours ago

Elon Musk: Orbit computing could become the only way to scale AI by 2029.

Elon Musk stated in a post that due to issues with power availability and regulatory approvals for ground-based data centers, orbital computing — also known as space-based computing platforms — may become the only way to continue scaling up AI by some point in 2029.

5 hours ago

Anthropic’s IPO Could Be a Key Test for the AI Boom, as Its $2 Trillion Valuation Faces Profitability Scrutiny

According to analysis by Jim Osman, a Forbes columnist, Anthropic’s potential initial public offering (IPO) could serve as a key milestone for testing the investment logic underpinning the AI boom. The company’s annualized revenue run rate has climbed from $14 billion in February to over $47 billion in May, while its latest private valuation has surged from $380 billion in February to $965 billion. Markets are even debating whether its IPO valuation could top $2 trillion, though the company has yet to disclose an offering price or final listing timeline. Osman pointed out that Anthropic’s growth is highly impressive, but this also means much of its future success may already be factored into its valuation. The firm filed a confidential IPO application on June 1, and while preparing for its public listing, it must continue pouring massive capital into maintaining its competitiveness in cutting-edge AI models. In May, Anthropic raised $65 billion in funding, with a portion earmarked for expanding computing power. The company has secured an additional 5GW computing power deal with Amazon, plus another 5GW next-generation TPU computing partnership with Google and Broadcom, and also has access to SpaceX’s GPU capacity. The report added that Anthropic has committed to investing more than $100 billion in Amazon Web Services (AWS) over the next decade. Osman believes investors need to focus not only on whether AI technology continues to advance, but also on how future profits will ultimately be split among model developers, chipmakers, cloud service providers, data centers, and software firms. For Anthropic, the critical factors are how much of its revenue can eventually be converted into cash, how much capital must be reinvested to sustain technological leadership, and whether it can preserve pricing power and long-term returns amid intensifying competition.

5 hours ago

Suspect in UnitedHealth Group CEO shooting pleads guilty to federal charges.

Luigi Mangione has formally pleaded guilty in the fatal shooting of UnitedHealth Group CEO Brian Thompson. A federal judge has set Mangione’s sentencing date for December 18. Mangione told the court during the hearing that he entered a guilty plea in his federal criminal case, admitting to shooting Thompson. The plea agreement will prevent the high-profile case from proceeding to a federal trial. Additionally, the guilty plea may enable Mangione to seek dismissal of New York state murder charges and delay the upcoming state trial. Mangione currently faces both federal and state charges. The state trial is scheduled for September 8. If convicted of second-degree murder, Mangione faces a sentence of 25 years to life in prison. (CCTV)

5 hours ago

Federal Reserve’s Goolsbee: CPI Data Is Encouraging, Supports Decision to Hold Interest Rates Steady in July

Fed’s Goolsbee says CPI data is encouraging, but more data is needed to reach a judgment. The latest two productivity readings are very disappointing, backing the decision to hold interest rates steady in July. If productivity continues to decline, expectations around AI will need to be re-evaluated.

5 hours ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano