BTC
It took me a long time to get all the data of BTC, especially the BlackRock data, which is very important. In yesterday's trading day, there was a net inflow of 4,323 BTC, which brought in nearly $300 million in inflows. So I linked the rise of BTC in recent days with BlackRock's financial report. It can be clearly seen that under the stimulus of BlackRock's positive financial report, the purchasing power of BTC has been greatly improved, and there is also considerable support for the price of BTC.
Even except for BTC, most institutions in the United States maintain a positive inflow state, only three institutions still maintain zero, and the other nine institutions are positive inflows, with no outflows at all. Even Grayscale's two ETFs have 635 BTC, so BlackRock's stimulus is not only on itself, and the huge amount of funds entering BlackRock has also made other ETF institutions see spring.
Although the purchasing power of others is not very large, it can be clearly seen that the FOMO sentiment of users is beginning to increase. It is very likely that this is the start of Q4. After all, we have said countless times that there are too many positive factors in Q4, which is very worth looking forward to. Yesterday, BTC spot ETF has already flowed into 6,035 BTC, and more funds are flowing into BTC.
But this is also a problem, that is, this part of the funds will hardly overflow to other altcoins. It is already difficult to reach #ETH, let alone other things, so for ALT (altcoins), it is still necessary to wait for liquidity stimulation
