Good morning.

Bitcoin is holding, but everything underneath it is not.

US spot Bitcoin ETFs bled $484.9M on Oct 7, with BlackRock's IBIT leading at $207.7M after a day of inflows.

Yet BTC barely moved while alts took the hit.

Regime check:
• Below EMA at -2.9%
• Greed at 59, down from 72 a week ago
• Alts weakening faster than BTC

Total market cap is down 3.6% on 24h while volume rose 12%. Sentiment is cooling from a high level, and the selling is concentrated outside Bitcoin.

Question now:
Does BTC keep absorbing the ETF outflows...
or does the alt weakness pull it lower?

XRP Coffee Break later ☕

$BTC