September 18 Market Daily Report
1. Core Information on Interest Rate Cuts
On September 17, local time, the Federal Reserve concluded its monetary policy meeting, announcing a 25 basis point rate cut, adjusting the federal funds rate target range to 4.00%-4.25%, in line with market expectations. The dot plot indicates another rate cut expected in October and December this year, with two rate cuts projected in 2026 and one in 2027. This rate cut marks the Federal Reserve's first action since December of last year, and the market still has short-term speculative space based on rate cut expectations.
2. Market Trend
Currently, large-cap altcoins have been leading the rally for nearly a month, with SOL showing strong performance, surpassing ETH in growth. In the next 2-3 months (leading up to Christmas), altcoins with good fundamentals are likely to experience some price increases, triggering FOMO sentiment in the market, but this does not indicate a comprehensive altcoin bull market. Meanwhile, weak altcoins are likely to maintain a wide oscillating trend, with poor sustainability in their price movements.
3. Key Focus Areas
The anticipated approval series of ETFs and the reserve series of altcoins have become strong catalysts for driving the market at this stage. It is recommended to prioritize allocating funds to these targets and leading industry varieties.
4. Funding and Institutional Dynamics
In terms of capital flow, last night, Bitcoin ETFs saw an outflow of $51 million, and Ethereum ETFs saw an outflow of $1.6 million, while BlackRock's funds are still flowing in. In terms of reserves for listed companies, MSTR only added 525 bitcoins on September 15, a significant decrease from before; BMNR has a reserve of 80,000 ETH this week, nearly halving from last week's 200,000, indicating that large institutions are showing reduced interest in BTC and ETH, with funds gradually shifting towards mainstream altcoins, such as the FORD project in the Solana ecosystem, which continues to buy SOL, driving its price higher.
5. Operational Recommendations
Given the current severe market fragmentation, it is advisable to avoid holding altcoins that lack ETF expectations and consortium reserves to prevent profit withdrawal. Investors may patiently wait for the market to develop further; if unable to resist the urge to trade, they should wait until the hotspots are clear before participating in transactions.