The BTC ETF is still pulling in money, but the price is pretty quiet today.👀
The US spot $BTC ETF recorded approximately a $191 million net inflow again on September 24, marking the sixth consecutive trading day of net inflows.
Among them, BlackRock’s IBIT saw daily inflows of about $163 million—one product alone accounted for roughly 85% of that day’s net inflows. Fidelity’s FBTC also pulled in around $12.86 million. As of now, the total net assets of US spot BTC ETFs have reached approximately $108.9 billion, or about 6.43% of BTC’s total market cap.
But here’s what’s interesting: Money keeps coming in, yet BTC hasn’t immediately pushed higher today.😂
After BTC surged from around 80,000 up to 86,000–87,000 over the past few days, today it has mostly been consolidating around $84,000. As I write this, BTC is roughly around $84,000–$84,200.
That just goes to show something: ETF fund flows are useful, but you can’t directly treat them as a short-term Buy/Sell signal.
At the very least, continuous net inflows suggest that there’s still ongoing demand for BTC exposure via ETFs—an important data point to watch for the market’s medium- to long-term structure.
But how the price moves in the short run depends on more factors at the same time: the profit-taking from the previous rally, futures positioning, the macro environment, and the sell pressure around the 86,000–87,000 zone itself.
So even if ETFs keep flowing in today, it doesn’t automatically mean BTC has to print a big bullish candle.
On the flip side: If ETF inflows keep continuing while BTC is stuck here digesting the sell pressure, can it still hold the 84,000 level?
If price breaks back upward later, the ETF inflows would become a supportive backdrop for this stretch of action. If the price starts to weaken clearly, I also won’t force a reason for the行情 (price action) just because “the ETF is still buying.”😂
Fund flows are a reference, and news is also a reference. In the end, we still have to go back to the chart—doesn’t everyone agree?
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The crypto world never takes a day off—single-mindedly focused on making money (although most people are actually busy losing it). But today is the Mid-Autumn Festival, a day for family reunions. If you’re away from home and can’t really reunite with your family, then come to Binance. In every place, you’ll find a friend nearby; across the horizon, it feels just as close. #中秋节快乐 $BTC #BTC .
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🚨 BTC is in a correction, while ETFs keep attracting inflows for the 6th straight day.
On September 24, US spot Bitcoin ETFs saw net inflows of about $191 million, with BlackRock’s IBIT contributing roughly $163 million.
More importantly, the cumulative net inflows over the past six trading days have already exceeded $2.8 billion.
This creates the most notable divergence in the current market:
📉 BTC pulls back from highs 💰 ETF funds keep flowing in 🔥 Leveraged longs are being liquidated 🏦 But institutional allocation demand hasn’t disappeared in sync
StoneX senior technical strategist Michael Boutros says that behind the recent rise in BTC, there are mainly three categories of buying: ETF inflows, corporate treasury purchases, and short-covering.
The difference is: short-covering will eventually end, while ETF allocation funds theoretically can continue.
However, the $191 million figure also signals something else—ETF inflows are cooling. Previously, daily inflows were close to $1 billion, then gradually declined to $191 million.
So you can’t simply interpret it as “ETF inflows = price will rise immediately.”
What’s truly worth watching is:
Whether ETF funds can continue to hold net inflow, while BTC—after deleveraging—regains spot buying momentum.
If prices adjust but money keeps entering, it looks more like turnover of positions.
Only if ETFs also begin sustaining negative flows might the market logic genuinely change.
The most important question now isn’t whether BTC is up or down today, but:
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$BTC Macro alarm sounded! The probability of a rate hike in October soars to 75%—is Bitcoin’s “golden pit” coming?
The China-U.S. summit hasn’t even ended, yet risk markets are already taking a hit—don’t just watch fluctuations in crude oil. The real danger is that the rate-hike gloom hasn’t really lifted! 💣
🔸 Macro data hits hard: The probability of a rate hike in October jumps straight to 75.3%, and the market has started pricing it in with real money. After Brent crude fell below 100 and rebounded, yields on U.S. Treasuries for the 5-year, 10-year, and 30-year tenors all hit the highest levels since 2007. Oil is down, but bond yields are spiking—this suggests that internal inflation in the U.S. is the tough nut to crack, sticking far more than expected!
🔸 The Fed’s hawkish hammer: Fed governors have been swinging the hawk’s bat one after another. Long-end rates can’t be suppressed, and the Treasury Department has no immediate options. Can risk assets try to keep themselves out of trouble? Not likely. In the short term, the market will most likely face further pressure and consolidation shakeouts.
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Big pancake (BTC), and second pancake (ETH) as well: the overall direction is still more bullish.
First, let’s talk about BTC. Big pancake has now entered a very critical position. After the breakout earlier, the price is currently consolidating around 86K. The main resistance zone to watch above is 87K—88K. If it can continue to break out here with increased volume, the next step for the market will start looking at the 90K—92K area. Right now, many analysts also view 90K as the next important test for this leg of the uptrend. So I won’t start guessing the top just because BTC has already risen a lot. What strong markets fear most is getting short halfway through. On the downside, I mainly want to see whether 85K can hold. As long as after a pullback it can still stand back above, then the current upward structure hasn’t been broken. If there is a short-term shakeout, I would actually first observe the support rather than immediately assume the trend is over.
ETH is the same today. Second pancake is currently trading above 2700, and the short term has already entered the pressure area we’ve been watching. Right now the key is: Can 2700 turn into support, and can 2800 be broken through? If ETH can effectively break above 2800, and after breaking out it doesn’t immediately fall back, then the market will next continue to look toward around 3000. However, at 2800 I will still anticipate a possible shakeout. Because the closer the price gets to a major resistance level, profit-taking and shorts will both start increasing. So my approach isn’t to chase the rally, but rather: Hold above 2700 → break above 2800 → then look at 3000. If the push higher fails, wait for the pullback to confirm. $BTC $ETH
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