🔥 BTC storms $87K — US labor market throws kindling on the fire
Weak US employment data (29K new jobs, unemployment 4.2%) crushed bond yields — and Bitcoin immediately surged higher. Some of the move was later unwound on the reversal in yields, but the impulse was powerful.
🐋 BTC dominance nearly 60%
The market is clearly in a risk-on mode: BTC’s share is rising, while USDT has modestly slipped to 6.3%. Traders appear to be more and more confident in shorting stables in favor of alts and BTC.
⚡️ Open interest +$2.3B
Funding rates and open interest are growing in sync — a classic signal that bulls are ready to pay a premium for longs again.
💰 ETF: Bitcoin up, ether down
The BTC ETF saw inflows of $103M in “Uptober,” while the funds on $ETH have already been losing capital for the third day in a row. Rotation is obvious.
🔓 NEAR Intents hacked for $3.8M
In an hour, the protocol found a vulnerability, promised compensation, and named the hacker — the speed of the response is impressive.
#Bitcoin #BTC #Ethereum #crypto
Weak US employment data (29K new jobs, unemployment 4.2%) crushed bond yields — and Bitcoin immediately surged higher. Some of the move was later unwound on the reversal in yields, but the impulse was powerful.
🐋 BTC dominance nearly 60%
The market is clearly in a risk-on mode: BTC’s share is rising, while USDT has modestly slipped to 6.3%. Traders appear to be more and more confident in shorting stables in favor of alts and BTC.
⚡️ Open interest +$2.3B
Funding rates and open interest are growing in sync — a classic signal that bulls are ready to pay a premium for longs again.
💰 ETF: Bitcoin up, ether down
The BTC ETF saw inflows of $103M in “Uptober,” while the funds on $ETH have already been losing capital for the third day in a row. Rotation is obvious.
🔓 NEAR Intents hacked for $3.8M
In an hour, the protocol found a vulnerability, promised compensation, and named the hacker — the speed of the response is impressive.
#Bitcoin #BTC #Ethereum #crypto
