#打榜优质内容#

Today's focus point
1. The "Red September" effect is expected to manifest: historical data shows that Bitcoin averages a decline of about 3.77% every September, but the inflow of institutional ETFs and regulatory clarity in 2025 may challenge this traditional seasonal pattern. 2. Review of August's performance and ETH's strength: last month, BTC fell by about 7%, while Ethereum rose by about 17%, leading to a clear divergence in market dynamics, with capital preference shifting towards ETH.
3. Trump product WLFI officially launched: The WLFI token, supported by the Trump family, will go live on public trading platforms today, expected to attract short-term market attention and capital flow.
4. Institutional crypto inventory continues to digest inflows: Over 150 listed companies hold nearly 1 million BTC, resulting in supply pressure on exchange spot markets, which is a long-term positive for price elasticity.
5. Regulation and ETF innovation drive the industry: U.S. regulators are simplifying the listing process for crypto ETFs, with more products expected to be approved by the end of September, driving ongoing structural optimization in the market.
Interpretation of Market Structure
• Short-term structure: BTC faces seasonal downward risks, ETH may continue to lead in the short term, but overall volatility is increasing. • Mid-term structure: Institutional demand and ETF inflows have built strong support, providing stable support for both BTC and ETH.
• Risk Warning: If WLFI is listed and causes speculation, it may lead to irrational short-term fluctuations in capital; be cautious of the arbitrage risks brought by speculative drives.