The market is at a sensitive point, with BTC holding around $84.8K, ETH around $2.71K, and SOL around $118.8. �
The Block
🔥 5 most notable things to watch
1️⃣ BTC: The ETF just showed signs of running out of steam
After a streak of 9 days of net outflows totaling about $3.1 billion, Bitcoin spot ETFs recorded about $148.7M in net outflows in the most recent session. ETH ETFs also saw about $59.6M in outflows. �
The Block
2️⃣ ⚠️ Extremely important today: U.S. employment data
The market is waiting for the September NFP report. Forecast: about +90,000 jobs, unemployment at 4.1%. Wage figures could strongly impact expectations for the Fed and bond yields. �
Reuters +1
3️⃣ 🏦 US yields remain a pressure
The 10-year Treasury yield hit 5.34% — the highest since 2002, while the USD is at a 17-month high. This could cause risk-asset flows to swing sharply. �
Reuters
4️⃣ 🐋 BTC whales are taking profits
Data reprinted by Benzinga shows whales reduced by about 30,000 BTC (~$2.52B) over the week, while ETH whales increased by about 60,000 ETH (~$162M). �
Benzinga
5️⃣ 🚨 NEAR shows its own shock
NEAR Intents was exploited for about $3.8M due to an issue related to the deposit/withdrawal infrastructure. The project said it has patched the bug and committed to compensation; on 10/2, the team said they identified the hacker and set a 48-hour deadline to return the funds. �
The Block +1
👀 Worth watching today
BTC: $84K is an important psychological level.
ETH: holding around $2.7K, but ETF inflows just weakened.
HYPE: still noteworthy as Hyperliquid has just announced a buyback & burn of 20,210 HYPE (~$1.8M). �
NEAR: be especially cautious because exploit news is directly impacting the ecosystem. $HYPE
