A net outflow of $1.248 billion in one week— is $XRP the only ETF adding to its holdings?
SoSoValue data for the week ending 10/9:
1/ BTC spot ETFs saw net outflows of $681 million
2/ ETH ETFs saw net outflows of $542 million, their largest weekly outflow since January
3/ SOL ETFs saw outflows of $24.81 million
4/ XRP ETFs bucked the trend with $11.31 million in inflows, marking 13 consecutive weeks of positive flows
Price hasn’t followed the money: $BTC is now at 83836. Over the past 120 hours, it pulled back from 85540 to 80393, and the current price is still above the Bollinger midline at 83414.
CPI and PPI are both due Wednesday and Thursday this week. U.S. markets are closed ahead of the holiday, and liquidity is thin—making false breakouts more likely.
Key levels:
・Above: 84122 (1h Bollinger upper band)—it needs to hold above this level to count as a rebound
・Below: If 82705 breaks, watch the previous low at 80393
・Invalidation: If the 1h candle closes above 85540, I’ll admit I was too early to call the bears
Do you think institutions are pulling out ahead of CPI, or waiting for cheaper coins?
#BTC #内容挖矿 #XRP
Just my personal view. Be aware of the risks, DYOR
SoSoValue data for the week ending 10/9:
1/ BTC spot ETFs saw net outflows of $681 million
2/ ETH ETFs saw net outflows of $542 million, their largest weekly outflow since January
3/ SOL ETFs saw outflows of $24.81 million
4/ XRP ETFs bucked the trend with $11.31 million in inflows, marking 13 consecutive weeks of positive flows
Price hasn’t followed the money: $BTC is now at 83836. Over the past 120 hours, it pulled back from 85540 to 80393, and the current price is still above the Bollinger midline at 83414.
CPI and PPI are both due Wednesday and Thursday this week. U.S. markets are closed ahead of the holiday, and liquidity is thin—making false breakouts more likely.
Key levels:
・Above: 84122 (1h Bollinger upper band)—it needs to hold above this level to count as a rebound
・Below: If 82705 breaks, watch the previous low at 80393
・Invalidation: If the 1h candle closes above 85540, I’ll admit I was too early to call the bears
Do you think institutions are pulling out ahead of CPI, or waiting for cheaper coins?
#BTC #内容挖矿 #XRP
Just my personal view. Be aware of the risks, DYOR