Bitcoin’s price is hovering around $84.8k these days, but market breadth shows 76% of coins in the Top 60 volume are green, and the total volume is $2,356,535,974 overnight—indicating that money is still milling around, looking for opportunities. 🤓
BTC holds the $84,820.03 level (+0.32%) despite a slight slowdown in Bitcoin ETF flows. Specifically, the U.S. spot Bitcoin ETF recorded a $102.7 million inflow on 1/10, but total year-to-date net flows have fallen to $985 million after Q3, which saw $6.3 billion pulled in, following withdrawals in the first half of the year. Ethereum is at $2,687.61 (+0.64%), but the ETH ETFs have been seeing $118 million in outflows over the past 3 days—an indication of capital rotation. BlackRock and the SEC have approved a 3x leveraged ETP for both Bitcoin and Ether.
Leading the move are $GLMR (+47.20%) and STRK (+27.51%) with explosive gains, while GTC (-14.96%) and AT (-10.60%) are lagging. Clearly, the market is hunting for individual catalysts. 📐
Weak employment data could lead the Fed to keep interest rates unchanged at its late-October meeting. Today, watch for signs of capital rotating between groups of coins.
The money’s still there—it’s just flowing elsewhere.
BTC holds the $84,820.03 level (+0.32%) despite a slight slowdown in Bitcoin ETF flows. Specifically, the U.S. spot Bitcoin ETF recorded a $102.7 million inflow on 1/10, but total year-to-date net flows have fallen to $985 million after Q3, which saw $6.3 billion pulled in, following withdrawals in the first half of the year. Ethereum is at $2,687.61 (+0.64%), but the ETH ETFs have been seeing $118 million in outflows over the past 3 days—an indication of capital rotation. BlackRock and the SEC have approved a 3x leveraged ETP for both Bitcoin and Ether.
Leading the move are $GLMR (+47.20%) and STRK (+27.51%) with explosive gains, while GTC (-14.96%) and AT (-10.60%) are lagging. Clearly, the market is hunting for individual catalysts. 📐
Weak employment data could lead the Fed to keep interest rates unchanged at its late-October meeting. Today, watch for signs of capital rotating between groups of coins.
The money’s still there—it’s just flowing elsewhere.
