The new catalysts for Bitcoin's rise have emerged, and it may enter a sideways consolidation phase in the short term.

[Bit推] A certain platform has released the latest report indicating that the core catalyst for the new round of Bitcoin pump is gradually emerging. Although there is favourable information from the Ethereum side (such as ETF funding inflows, increased institutional allocations, and the SEC possibly allowing the staking mechanism), the funding rate has only risen to 15%, indicating that market enthusiasm has not yet been fully released.

The report also pointed out that August and September have historically been months of relatively weak performance for Bitcoin throughout the year. With the latest FOMC meeting concluded, the next meeting will be held on September 17, and with the lack of short-term policy catalysts, the market may turn cautious and enter a consolidation phase.

In addition, the report mentions that U.S. fiscal uncertainty remains a core driving force behind the rise of hard assets. Recently, Trump's proposed $5 trillion debt ceiling expansion plan has caused the balance of U.S. Treasury debt to surge by over 10%. Bitcoin, as a hedging tool, is benefiting from this macro change, and future trends still need to pay attention to changes in funding flow.