If Bitcoin surpasses $117,000, the mainstream CEX cumulative short liquidation pressure will reach 895 million.

On September 16th, according to CoinDesk, Bitcoin (BTC) still does not have a clear direction. It is oscillating repeatedly between $114,000 and $117,000 and continuing its downtrend. Analysts state that if the Federal Reserve cuts interest rates by 25 basis points, it may enable Bitcoin to slowly resume its upward trend. However, if an unexpected 50 basis point cut occurs, the stock market, cryptocurrency, and gold may all experience a boom.

September 16th. As per on-chain analyst Ai Auntie (@ai_9684xtpa), the ETH OG address dating back to 2017 deposited 2200 ETH into Bybit half an hour ago. The value of this deposit is $9.92 million. There is a suspicion of selling, and if sold, the potential profit could be $9.518 million. This address accumulated 16830.64 ETH from May 2017 to February 2020 at an average price of $181.35. Since the beginning of this year, it has made a total deposit of 8310 ETH into exchanges. The value of this deposit is $41.4 million, with an average deposit price of $4140. The total profit is $32.89 million, and the return on investment is 21.82 times.

September 16th, pump.fun tweeted, "Yesterday, more than $4 million in creator rewards were distributed. The majority of these rewards went to first-time creators. With the assistance of the momentum driven by tokenization, the 'Cambrian Explosion of Creativity' is commencing."

On September 16th, S&P anticipates that this week the Fed will reduce interest rates by 25 basis points to a range of 4% to 4.25% given the cooling job data and persistent high inflation. It is expected that there will be another rate cut in the fourth quarter. S&P stated: "We think that the latest economic projections and Powell's press conference will be crucial in deciding how the Fed balances its inflation mandate against its employment mandate compared to the September FOMC rate decision." The agency also projects that the Bank of Canada will lower interest rates by 25 basis points to 2.5% and there may be at least one more rate cut this year. (FX168)

On September 16th, according to on-chain analyst Ai Yi (@ai_9684xtpa), as PUMP rose and "Brother Ma Ji" Huang Licheng continued to accumulate, his PUMP 5x long position has returned to a floating profit. Currently holding 2.35 billion tokens (equivalent to 19.68 million US dollars), with an average entry price of $0.008209, he has achieved a profit of $302,000. However, in the past 24 hours, he has slightly reduced his position and also placed a limit sell order for 425 million tokens in the price range of $0.008425 to $0.0088.

On September 16th, a member of the European Central Bank (ECB) board, Kazakos, stated that there is currently no necessity to cut interest rates. During an interview with TV24 on Tuesday, he said, "The current inflation rate is approximately 2%, and economic growth can be characterized as weak. There is currently no ground to lower interest rates." Prior to these statements, the ECB kept its borrowing costs unchanged for the second consecutive meeting last week. Most policymakers believed that there is no need for further rate cuts but reserved the option to take action when necessary. Kazakos emphasized: "Considering the global economic situation, especially the high degree of geopolitical uncertainty and the existence of various risks, the central bank is closely monitoring the development of the economic situation and will make necessary decisions." He specifically noted, "Taking this uncertainty into account, coupled with further economic weakness or a significant decrease in infl