September 17 Morning Market Brief
BTC is around $76,200, ETH around $2,470. After the Fed’s rate hike, the market saw a rebound/repair, but overall sentiment remains cautious.
① The Fed raised rates by 25 bps to 3.75%-4%. This is the first hike in more than three years since the start of the hiking cycle, and 16/18 officials expect at least one more increase within the year. In the short term, the liquidity environment is still relatively tight.
② ETF flows have clearly retreated. On September 15, BTC spot ETF net outflows were $450 million, and ETH outflows were $141 million, totaling nearly $592 million—one of the larger single-day capital withdrawals recently.
③ The key near-term level for BTC is still around 76,000. If it cannot hold above this area, the market may continue testing lower supports. Compared with macro factors, regulatory news is also increasingly impacting Crypto.
④ The U.S. 10-year Treasury yield remains around 5%. High interest rates continue to weigh on risk assets. Oil prices are also staying elevated, and inflation pressure has not disappeared yet.
⑤ The AI theme has rebounded. Nvidia rose about 1.6% yesterday, and AI infrastructure stocks moved in tandem. However, debates about AI “burn rate” and capital expenditure remain.
⑥ Web3 financing continues to concentrate toward stablecoins, RWA, and institutional infrastructure. Recently, Velocity, Finloop, Fin.com, and Kaiko raised a combined nearly $100 million+. Funds are more tilted toward directions that can generate real financial demand.
This is no longer just a market driven by easing-rate expectations. ETF flows, the 76,000 support, the 5% U.S. Treasury yield, and regulatory progress are the key lines to watch next.
#美联储加息是否已成定局
BTC is around $76,200, ETH around $2,470. After the Fed’s rate hike, the market saw a rebound/repair, but overall sentiment remains cautious.
① The Fed raised rates by 25 bps to 3.75%-4%. This is the first hike in more than three years since the start of the hiking cycle, and 16/18 officials expect at least one more increase within the year. In the short term, the liquidity environment is still relatively tight.
② ETF flows have clearly retreated. On September 15, BTC spot ETF net outflows were $450 million, and ETH outflows were $141 million, totaling nearly $592 million—one of the larger single-day capital withdrawals recently.
③ The key near-term level for BTC is still around 76,000. If it cannot hold above this area, the market may continue testing lower supports. Compared with macro factors, regulatory news is also increasingly impacting Crypto.
④ The U.S. 10-year Treasury yield remains around 5%. High interest rates continue to weigh on risk assets. Oil prices are also staying elevated, and inflation pressure has not disappeared yet.
⑤ The AI theme has rebounded. Nvidia rose about 1.6% yesterday, and AI infrastructure stocks moved in tandem. However, debates about AI “burn rate” and capital expenditure remain.
⑥ Web3 financing continues to concentrate toward stablecoins, RWA, and institutional infrastructure. Recently, Velocity, Finloop, Fin.com, and Kaiko raised a combined nearly $100 million+. Funds are more tilted toward directions that can generate real financial demand.
This is no longer just a market driven by easing-rate expectations. ETF flows, the 76,000 support, the 5% U.S. Treasury yield, and regulatory progress are the key lines to watch next.
#美联储加息是否已成定局
