🔷 October — $BTC and $ETH bring hope: market review
📋 Facts:
BTC:
• Up 2.97% from September 25 to October 2
• Climb above $86,000 after dipping weeks earlier
• Citigroup: forecast of $113,000 in 12 months
• Inflow to spot ETFs: $51.25M for the week (BlackRock IBIT: $292M)
• PCE in August: 3.4% (below July’s 3.7%)
• Technically: above the 50-day moving average, RSI above 50
• Crypto Fear & Greed Index: 72 (greed)
ETH:
• Up 1.76% over the week, range $2,630–$2,750
• Q3 became the best quarter in history: +70.8%
• Best quarter in 5 years (after Q1 2021: +160.7%)
• But network activity has slowed: transactions are 53% below the summer peak
• ETF outflows: $100.67M (Fidelity FETH: $56.81M)
🧠 BTC and ETH both showed positive momentum, but with different structures. BTC is supported by institutional inflows and a better macro backdrop. ETH finished the best quarter in history (+70.8%), but slowing network activity and ETF outflows raise questions about the durability of the growth. October started on a hopeful note.
⚠️ Risks: slowing ETH activity; ETF outflows; macro uncertainty; possible pullback after the rally.
❓ Will the positive momentum continue in October? 👇
#BTC #ETH
📋 Facts:
BTC:
• Up 2.97% from September 25 to October 2
• Climb above $86,000 after dipping weeks earlier
• Citigroup: forecast of $113,000 in 12 months
• Inflow to spot ETFs: $51.25M for the week (BlackRock IBIT: $292M)
• PCE in August: 3.4% (below July’s 3.7%)
• Technically: above the 50-day moving average, RSI above 50
• Crypto Fear & Greed Index: 72 (greed)
ETH:
• Up 1.76% over the week, range $2,630–$2,750
• Q3 became the best quarter in history: +70.8%
• Best quarter in 5 years (after Q1 2021: +160.7%)
• But network activity has slowed: transactions are 53% below the summer peak
• ETF outflows: $100.67M (Fidelity FETH: $56.81M)
🧠 BTC and ETH both showed positive momentum, but with different structures. BTC is supported by institutional inflows and a better macro backdrop. ETH finished the best quarter in history (+70.8%), but slowing network activity and ETF outflows raise questions about the durability of the growth. October started on a hopeful note.
⚠️ Risks: slowing ETH activity; ETF outflows; macro uncertainty; possible pullback after the rally.
❓ Will the positive momentum continue in October? 👇
#BTC #ETH
