$BTC and $ETH just showed how quickly sentiment can shift.
$BTC pushed toward $87K while $ETH moved above $2,800, with the move helped by lower oil prices, softer Treasury yields and a wave of short covering.
But what I find more interesting is that spot demand is also showing up. U.S. spot Bitcoin ETFs saw roughly $999M in net inflows on September 21, while spot Ethereum ETFs recorded about $270M. That gives the rally another layer beyond the derivatives squeeze.
Now I'm watching what happens when the forced buying fades.
If fresh spot demand keeps coming in, that's a different setup from a rally driven mainly by shorts getting squeezed.
I'm keeping both btcand #eth on my radar through BingX and watching volume closely rather than assuming the move has to continue.
$BTC pushed toward $87K while $ETH moved above $2,800, with the move helped by lower oil prices, softer Treasury yields and a wave of short covering.
But what I find more interesting is that spot demand is also showing up. U.S. spot Bitcoin ETFs saw roughly $999M in net inflows on September 21, while spot Ethereum ETFs recorded about $270M. That gives the rally another layer beyond the derivatives squeeze.
Now I'm watching what happens when the forced buying fades.
If fresh spot demand keeps coming in, that's a different setup from a rally driven mainly by shorts getting squeezed.
I'm keeping both btcand #eth on my radar through BingX and watching volume closely rather than assuming the move has to continue.