🗓️ October 3｜Crypto Daily
Before trading opens on the weekend, BTC is still moving sideways around $84,000. Major coins are clearly diverging: it’s not a one-way trend, more like churning at high levels.
As of 09:00 Beijing time:
BTC $84,641, 24H -0.12%
ETH $2,675.95, 24H -1.15%
SOL $118.96, 24H +0.14%
Total market cap across the board is about $2.89 trillion, 24H -3.15%; total trading volume is about $122.4 billion, up 26.3% from the previous day. BTC dominance is 58.7%. Funds are still leaning toward “big BTC,” and altcoins have not formed a full-scale relay. Volume is expanding, but market cap is falling—suggesting sell pressure is still there. Don’t mistake a localized rebound for a broad-based rally.
Here are a few things worth watching today:
1、The latest complete publicly disclosed trading day for the U.S. spot BTC ETFs was October 1. Daily net inflow was $102.7 million. Of this, IBIT saw inflows of about $195.6 million, while FBTC and GBTC saw outflows of about $60.7 million and $31.4 million, respectively. Overall it’s still net buying, but the split is significant. The October 2 data hasn’t been fully confirmed yet, so don’t force a “today’s flow” narrative.
2、The U.S. SEC has proposed a new custody framework for crypto assets. It would allow investment advisers and funds, under certain conditions, to self-custody, and it would also permit state-level trust companies to act as custodians. The direction is generally favorable for institutional entry, but for now it’s only a proposal—don’t treat it as implemented policy for trading hype.
3、Recent SEC tokenized-stock innovation no-action exemptions are starting to show real-world constraints. Robinhood’s head of crypto business said the scope of assets and trading volume limits may soon be reached. Tokenized securities are a trend, but in the U.S. right now it’s still a “sandbox/permission-to-test” phase, not a full rollout.
4、NEAR Intents reportedly suffered a security incident of about $3.8 million. The amount isn’t a system-level risk, but hacker losses this year remain elevated. Cross-chain, intent trading, and authorized smart contracts continue to be high-risk zones. If you’re onboarding a new project on-chain, check permissions first before talking about returns.
Next, keep an eye on three time points:
• October 5: U.S. ISM Services PMI
• October 6: U.S. trade data
• October 7: Federal Reserve FOMC meeting minutes
My view: BTC hasn’t escaped the old range of $82,000–$85,000 yet. ETF net re-inflows provide some support, but nearly 5.3% U.S. Treasury yields are still pressuring valuations. What can truly carry the market further isn’t a weekend spike—it’s a combination of falling rates, sustained spot buying, and BTC holding above the upper end of the range at the same time.
Trading strategy: Don’t chase weekend momentum spikes. Wait for BTC to consolidate and hold at $85,000 with increased volume, then follow the trend. If it drops back below $82,000, contract your position first. For altcoins, only trade strong setups—keep position sizes light and use hard stop-losses.
Risk warning: Crypto assets are extremely volatile. The above is just market documentation and personal opinions, not investment advice.
Before trading opens on the weekend, BTC is still moving sideways around $84,000. Major coins are clearly diverging: it’s not a one-way trend, more like churning at high levels.
As of 09:00 Beijing time:
BTC $84,641, 24H -0.12%
ETH $2,675.95, 24H -1.15%
SOL $118.96, 24H +0.14%
Total market cap across the board is about $2.89 trillion, 24H -3.15%; total trading volume is about $122.4 billion, up 26.3% from the previous day. BTC dominance is 58.7%. Funds are still leaning toward “big BTC,” and altcoins have not formed a full-scale relay. Volume is expanding, but market cap is falling—suggesting sell pressure is still there. Don’t mistake a localized rebound for a broad-based rally.
Here are a few things worth watching today:
1、The latest complete publicly disclosed trading day for the U.S. spot BTC ETFs was October 1. Daily net inflow was $102.7 million. Of this, IBIT saw inflows of about $195.6 million, while FBTC and GBTC saw outflows of about $60.7 million and $31.4 million, respectively. Overall it’s still net buying, but the split is significant. The October 2 data hasn’t been fully confirmed yet, so don’t force a “today’s flow” narrative.
2、The U.S. SEC has proposed a new custody framework for crypto assets. It would allow investment advisers and funds, under certain conditions, to self-custody, and it would also permit state-level trust companies to act as custodians. The direction is generally favorable for institutional entry, but for now it’s only a proposal—don’t treat it as implemented policy for trading hype.
3、Recent SEC tokenized-stock innovation no-action exemptions are starting to show real-world constraints. Robinhood’s head of crypto business said the scope of assets and trading volume limits may soon be reached. Tokenized securities are a trend, but in the U.S. right now it’s still a “sandbox/permission-to-test” phase, not a full rollout.
4、NEAR Intents reportedly suffered a security incident of about $3.8 million. The amount isn’t a system-level risk, but hacker losses this year remain elevated. Cross-chain, intent trading, and authorized smart contracts continue to be high-risk zones. If you’re onboarding a new project on-chain, check permissions first before talking about returns.
Next, keep an eye on three time points:
• October 5: U.S. ISM Services PMI
• October 6: U.S. trade data
• October 7: Federal Reserve FOMC meeting minutes
My view: BTC hasn’t escaped the old range of $82,000–$85,000 yet. ETF net re-inflows provide some support, but nearly 5.3% U.S. Treasury yields are still pressuring valuations. What can truly carry the market further isn’t a weekend spike—it’s a combination of falling rates, sustained spot buying, and BTC holding above the upper end of the range at the same time.
Trading strategy: Don’t chase weekend momentum spikes. Wait for BTC to consolidate and hold at $85,000 with increased volume, then follow the trend. If it drops back below $82,000, contract your position first. For altcoins, only trade strong setups—keep position sizes light and use hard stop-losses.
Risk warning: Crypto assets are extremely volatile. The above is just market documentation and personal opinions, not investment advice.