In September, the Crypto Assets market entered a new phase. Although the current market shows signs of fluctuation, the real turning point may only appear after the US Non-farm Payrolls (NFP) data is released on September 5.

From a technical perspective, the K-line pattern of Bitcoin does pose some risks, and the market may experience fluctuations around the 100,000 USD mark. However, on-chain data conveys relatively optimistic signals:

1. Bitcoin continues to flow out of exchanges, and the holdings of large holders remain stable.
2. The Japanese investment company Metaplanet recently increased its holdings by 1009 coins of Bitcoin, worth approximately $112 million.
3. Currently, the rate at which companies are adopting Bitcoin is four times the mining speed.

These signs indicate that once the US Non-farm Payrolls (NFP) data is released, the market is likely to experience a V-shaped rebound.

It is worth noting that on September 9, the Labor Statistics Bureau will release revised US Non-farm Payrolls (NFP) data. Some analysts believe that this batch of data may show that previous estimates of employment population were overestimated, and the actual labor market may not be as strong as previously thought. If this prediction comes true, the market may lean more towards betting on a Federal Reserve rate cut, which would undoubtedly be good news for Bitcoin.

For investors, this may be a good time to accumulate positions in batches. Although the market may continue to fluctuate in the short term, it could be a great entry opportunity in the long run.

Overall, the cryptocurrency market in September is worth close attention. The release of the US Non-farm Payrolls (NFP) may become an important turning point for the market, and investors should remain vigilant, keeping an eye on market trends.