PANews reported on August 28th that Chloe (@ChloeTalk1), a columnist for HTX DeepThink and researcher at HTX Research, noted that global M2 money supply remained high at the end of August, reaching approximately $95.116 trillion in major economies, a record high. Short-term liquidity remained loose, providing strong support for Bitcoin prices. Meanwhile, institutional holdings increased further, with Bitcoin ETF holdings exceeding 1.3 million, and MicroStrategy increasing its holdings by another 430 BTC, demonstrating continued robust institutional demand.

Looking ahead to this week, macroeconomic data will be a key factor in market pricing. The revised US second-quarter GDP figures will be released on August 28th, with market expectations likely to be lowered from the initial estimate of 3.0% to 2.4%. The core PCE data, released on August 29th, is considered a key inflation indicator ahead of the Federal Reserve's September meeting. If the core PCE figure is higher than expected, it could trigger a reassessment of the path of interest rate cuts, weighing on Bitcoin's short-term performance. Conversely, if inflation is mild, it would further reinforce expectations of easing and help the crypto market maintain its strength.