This morning, BTC rose slightly; it looks okay, but the ETF flow data has shown signs of a reversal. BTC broke above 84.9k, up 1.74%. ETH also edged up 1.03% to 2.7k. Notably, the Bitcoin ETF ended a 9-day streak of attracting capital, with $148.7 million flowing out on 30/9. The Ether ETF was no better, recording $59.58 million in net outflows on the same day, ending 7 green sessions.
Market breadth stalled at 56% of coins in the green. The standout was $GTC leading the pack with +46.33%, followed by ALICE at +28.17%. QNT fell back to the bottom with -16.02%, and NEAR also dropped 8.39% after a recent $3.8 million mining incident.
PCE inflation data came in lower than expected on 30/9, easing some pressure for the Fed’s October rate hikes; the probability is now below 40%. However, the fact that BTC and ETH ETF flows turned into net outflows at the same time suggests whale sentiment is adjusting. Keeping a close watch on BTC’s $84,000 support level is key.
With capital rotating like this nonstop, have you cashed out profits yet, or are you still holding on? 😐
#Write2Earn #CryptoTrading #TechnicalAnalysis
(DYOR—your money, your decision)
---
Market breadth stalled at 56% of coins in the green. The standout was $GTC leading the pack with +46.33%, followed by ALICE at +28.17%. QNT fell back to the bottom with -16.02%, and NEAR also dropped 8.39% after a recent $3.8 million mining incident.
PCE inflation data came in lower than expected on 30/9, easing some pressure for the Fed’s October rate hikes; the probability is now below 40%. However, the fact that BTC and ETH ETF flows turned into net outflows at the same time suggests whale sentiment is adjusting. Keeping a close watch on BTC’s $84,000 support level is key.
With capital rotating like this nonstop, have you cashed out profits yet, or are you still holding on? 😐
#Write2Earn #CryptoTrading #TechnicalAnalysis
(DYOR—your money, your decision)
---
