$BTC attracted $527 million in a single day, while $ETH saw net outflows of $100 million! Institutions are starting to diverge, and major cryptocurrencies are about to plunge!
Yesterday, ETF fund flows showed a clear split: Bitcoin spot ETFs saw net inflows of $526.7 million, while Ethereum spot ETFs saw net outflows of $103.3 million.
If the figures are accurate, this means institutional funds favored BTC that day, while demand for ETH was relatively weak.
This means BTC received an increase in funds, which could help boost market confidence. But ETH remains under pressure, suggesting that funds have not flowed back into the crypto market across the board. For now, this looks more like selective allocation than a broad-based bullish outlook.
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$STRK A reversal opportunity after a prolonged decline?
Starknet is considering moving from Ethereum Layer 2 to an independent Layer 1, while also developing quantum-resistant technology. Market expectations are starting to heat up, and both capital flows and open interest in futures have become noticeably more active.
For now, at least 0.22 is in sight! If capital continues flowing in and short positions keep getting liquidated, the rally could intensify further. But keep in mind that around 127 million tokens are due to be unlocked around October 15, so be wary of selling pressure when chasing the rally.
U.S. spot BTC ETFs saw net inflows of about $119 million yesterday, bringing September's cumulative net inflows to around $2.65 billion. Meanwhile, about 24,000 BTC left exchanges, with holdings continuing to move off exchanges.
The key short-term support to watch is around $83K. A move back above $86.5K–$87K could further confirm the bullish structure. The largest liquidation cluster overhead is around $92K.
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$BTC Major coins begin to rally in unison, and risk appetite has clearly returned. BTC briefly broke through $85,000, ETH rose above $2,700, and SOL, XRP, and others are moving up in sync. Over the past 24 hours, liquidations across the entire market exceeded $750 million, of which about $648 million came from short positions.
The rally in major coins has started to spread to altcoins. Next, we’ll see whether BTC can hold steady around the $88,000 level.
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