The ETF hoovered up 730 million yuan, yet it ran into non-farm payrolls and rate-hike expectations: what are $BTC and U.S. stocks really wrestling with?
On September 3, the U.S. spot Bitcoin ETF saw a single-day net inflow of about $730.9 million, the largest daily inflow since January 14; BlackRock’s IBIT accounted for about $454 million of that. On the same day, Fed Governor Waller said, "If inflation continues to ease, I would lean toward holding steady." Growth stocks and crypto assets briefly strengthened, and $BTC climbed back above $81,000.
But the next day (September 4), August non-farm payrolls jumped by 162,000, far exceeding expectations. CME FedWatch showed the probability of a rate hike on September 15–16 rising to around 60%. The Dow closed down about 0.5% to around 53,414, while the S&P 500 and Nasdaq also weakened; $BTC pulled back from its highs as well, oscillating around the $80,000 level.
On one side, institutional money continues to enter through ETFs; on the other, macro pricing is once again betting on a more hawkish stance. The key things to watch next are the CPI on September 11 and the policy meeting itself.
Compiled from public social media/news sources, not investment advice. #BTC #ETF $BTC
On September 3, the U.S. spot Bitcoin ETF saw a single-day net inflow of about $730.9 million, the largest daily inflow since January 14; BlackRock’s IBIT accounted for about $454 million of that. On the same day, Fed Governor Waller said, "If inflation continues to ease, I would lean toward holding steady." Growth stocks and crypto assets briefly strengthened, and $BTC climbed back above $81,000.
But the next day (September 4), August non-farm payrolls jumped by 162,000, far exceeding expectations. CME FedWatch showed the probability of a rate hike on September 15–16 rising to around 60%. The Dow closed down about 0.5% to around 53,414, while the S&P 500 and Nasdaq also weakened; $BTC pulled back from its highs as well, oscillating around the $80,000 level.
On one side, institutional money continues to enter through ETFs; on the other, macro pricing is once again betting on a more hawkish stance. The key things to watch next are the CPI on September 11 and the policy meeting itself.
Compiled from public social media/news sources, not investment advice. #BTC #ETF $BTC
