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CryptoQuant: Bitcoin Enters Bull Market Cooling-off Period, Fed's September Meeting Rate Cut Could Be a New Catalyst
BlockBeats News, August 8th, Blockchain data analysis company CryptoQuant pointed out that after Bitcoin hit a historical high of $123,000 last month, it is showing signs of short-term consolidation or mild downward risk.
The company stated in a report released on Thursday: "Bitcoin has entered a bull market cooldown period, with the bullishness index dropping from 80 to 60. Although the overall environment is still positive, the upward momentum is weakening. CryptoQuant's bullishness index evaluates the Bitcoin market strength through multiple on-chain indicators, with a value close to 100 indicating strong buying pressure and bullish sentiment, while close to zero indicates heavy selling pressure."
CryptoQuant's analysis stated that the current index value of 60 is still in the bullish range, but the momentum continues to wane. The index retreat reflects profit-taking after hitting a historical high and also includes a seasonal slowdown in summer trading activity. The report specifically warned: "If the price weakens further, this indicator may fall into negative territory, causing the bullishness index to drop below 40 for the first time since April 2023—this would officially confirm the market's transition to a bear market."
CryptoQuant's Head of Research, Julio Moreno, added: "The Fed's rate cut in September could become a new catalyst, in line with the market's widespread expectations."
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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