Today’s crypto timeline looks ugly. Bitcoin has slipped below $83K. QNT has seen a brutal intraday reversal. Asian tech stocks are under pressure. And the Bitget security incident has added another layer of fear. But then there’s a number that caught my attention: $2.39 billion.
That’s the reported weekly net inflow into Bitcoin spot ETFs. So what exactly are we watching? A market losing conviction? Or a market where price and capital flows are telling two different stories? And while everyone is watching the candles, the US Federal Reserve is also moving toward rules for payment stablecoins.
That could matter far beyond today’s BTC price. Maybe the bigger crypto story today isn't: “Bitcoin is crashing.” Maybe it's: “Who is still putting money into crypto while everyone else is getting nervous?”
I’m watching the flows, regulation and liquidity not just the candles.
What are you watching?
Calton Ombok Nyalala
Kenya | Journalist | Crypto Observer