Awesome! BTC ETF sees net inflows for 9 straight days, piling up $3.1 billion!
On Tuesday alone another $66.2 million came in—over 9 trading days the total adds up to $3.1 billion. BTC is now at 83,764, down 0.4%. Institutions keep buying without hesitation.
Diversion has also started: ETH saw an outflow of $3 million on Tuesday; the ZEC fund started the week with an outflow of $8 million. Money is shifting from altcoins toward BTC.
The market looks calm: futures OI is steady at $7.8 billion, funding rates are hovering near zero, and big players are all waiting for tonight’s 20:15 ADP (forecast 70k, prior 38k) and 20:30 Core PCE. These two numbers will determine whether there’s a rate hike in October.
Outlook: If the ETF keeps drawing inflows, keep holding. If 83,000 breaks down, cut positions. 84,600 is the first resistance.
#BTC #ETF
$BTC $ETH $ZEC
On Tuesday alone another $66.2 million came in—over 9 trading days the total adds up to $3.1 billion. BTC is now at 83,764, down 0.4%. Institutions keep buying without hesitation.
Diversion has also started: ETH saw an outflow of $3 million on Tuesday; the ZEC fund started the week with an outflow of $8 million. Money is shifting from altcoins toward BTC.
The market looks calm: futures OI is steady at $7.8 billion, funding rates are hovering near zero, and big players are all waiting for tonight’s 20:15 ADP (forecast 70k, prior 38k) and 20:30 Core PCE. These two numbers will determine whether there’s a rate hike in October.
Outlook: If the ETF keeps drawing inflows, keep holding. If 83,000 breaks down, cut positions. 84,600 is the first resistance.
#BTC #ETF
$BTC $ETH $ZEC