Fifth green day of spot BTC ETF — and $BTC is already around 84,000, not 87k. Yesterday +347$ million. Funds are adding, leverage is getting cut.
Numbers. Farside / SoSoValue, Sep 23: spot BTC ETF net +347$ million (IBIT +166$; FBTC +143$). Cumulative ≈57,3$ billion. Spot ETH ETF +105$ million (ETHA +50.8$) — 4th green day; NAV ≈17,5$ billion. BTC+ETH for the session ≈452$ million. CoinGlass: longs ≈444$ million liquidations. US 10Y ≈5.11% — highest since 2007. PMI composite 58.4.
My take: price and ETFs are diverging again. The market got spooked by yields and PMI — leverage was wiped out. Funds still put in a fifth green day. This is allocation over the noise, not a flush after 75k.
Question: with $BTC at 84k on the 5th green ETF day — who’s right, the funds or the bonds?
$BTC $ETH #Bitcoin #ETF
Numbers. Farside / SoSoValue, Sep 23: spot BTC ETF net +347$ million (IBIT +166$; FBTC +143$). Cumulative ≈57,3$ billion. Spot ETH ETF +105$ million (ETHA +50.8$) — 4th green day; NAV ≈17,5$ billion. BTC+ETH for the session ≈452$ million. CoinGlass: longs ≈444$ million liquidations. US 10Y ≈5.11% — highest since 2007. PMI composite 58.4.
My take: price and ETFs are diverging again. The market got spooked by yields and PMI — leverage was wiped out. Funds still put in a fifth green day. This is allocation over the noise, not a flush after 75k.
Question: with $BTC at 84k on the 5th green ETF day — who’s right, the funds or the bonds?
$BTC $ETH #Bitcoin #ETF