TechFlow news, on August 28, Chloe (@ChloeTalk1), author of the HTX DeepThink column and researcher at HTX Research, analyzed that global major economies maintained high levels at the end of August, with M2 money supply reaching approximately $95.116 trillion, a record high, as short-term liquidity remains loose, providing strong support for Bitcoin's price. Meanwhile, institutional position concentration has further increased, with Bitcoin ETF holdings surpassing 1.3 million BTC, and MicroStrategy adding another 430 BTC, indicating that institutional demand remains robust.
Looking ahead to this week, macroeconomic data will be the core driver of market pricing. On August 28, the revised figure for U.S. Q2 GDP will be released, with market expectations suggesting a downward revision from the initial 3.0% to 2.4%. On August 29, the core PCE data will be published, seen as a key inflation indicator ahead of the Fed's September rate decision meeting. If core PCE exceeds expectations, it may trigger a reassessment of the rate cut path, weighing on Bitcoin's short-term performance. Conversely, if inflation remains moderate, it will further solidify expectations of monetary easing, supporting the crypto market's continued strength.
