Second green day in a row: spot BTC ETF yesterday +433$ m. After −746$ m over two days, this is already a streak, not a one-off bounce. $BTC above 81 000$.
Numbers. Net +433$ m on Sep 18 (Farside/Gate): FBTC +310,7$ — leader of the day; IBIT +108.4$; BITB +9.7$; HODL +2.3$; ARKB +1.9$; not a single product in the red. At the same time, ETH spot ETF +144$ m (ETHA +114.3$)— ended a three-day outflow streak. Together BTC+ETH ≈577$ m. Over two green days (+159.5 + +433) ≈592$ m— they’ve almost closed that −746. Cumulative BTC ETF since January 2024: ~55.23$ bn. $BTC ~81 000$.
My take: yesterday I was only tracking IBIT; today it’s FBTC at 310$ m. This is bigger than “one fund saving the day.” And $ETH for the first time in three days is also in the green— the divergence I wrote about yesterday has closed. Two green days + a breakout above 80k after the Fed/BoJ— this isn’t a one-day relief move anymore. But the streak is short: the third day in a row will decide— is it a reversal of flows, or just a two-day squeeze?
Question: $BTC above 81k on +433$ — are we expecting a third green ETF day, or is this the peak after the short squeeze?
$BTC $ETH #Bitcoin #ETF
Numbers. Net +433$ m on Sep 18 (Farside/Gate): FBTC +310,7$ — leader of the day; IBIT +108.4$; BITB +9.7$; HODL +2.3$; ARKB +1.9$; not a single product in the red. At the same time, ETH spot ETF +144$ m (ETHA +114.3$)— ended a three-day outflow streak. Together BTC+ETH ≈577$ m. Over two green days (+159.5 + +433) ≈592$ m— they’ve almost closed that −746. Cumulative BTC ETF since January 2024: ~55.23$ bn. $BTC ~81 000$.
My take: yesterday I was only tracking IBIT; today it’s FBTC at 310$ m. This is bigger than “one fund saving the day.” And $ETH for the first time in three days is also in the green— the divergence I wrote about yesterday has closed. Two green days + a breakout above 80k after the Fed/BoJ— this isn’t a one-day relief move anymore. But the streak is short: the third day in a row will decide— is it a reversal of flows, or just a two-day squeeze?
Question: $BTC above 81k on +433$ — are we expecting a third green ETF day, or is this the peak after the short squeeze?
$BTC $ETH #Bitcoin #ETF