Light-green overnight market, but this “light” seems a bit calculated. 🤓 Market breadth: 73% of coins are green; total volume of the top 100 reaches $2.5 billion.
BTC is currently at $86,316 (+1.75%), with no decisive moves yet. Even though the Bitcoin ETF still recorded inflows of $134.4 million at the beginning of October, the pace has slowed by 96% compared with the previous week. Meanwhile, whales have quietly reduced holdings—14,000 wallets holding at least 1 BTC have been cut since mid-September. ETH is also up only 1.00% to $2,719.50, and notably, the Ethereum ETF saw $118 million flow out overnight after a week of strong inflows. With weaker employment data, the Fed is likely to keep interest rates unchanged in October (83% probability), right in line with Bitcoin’s historical “Uptober” window (average gain 18%).
As for individual players, $GTC leads the way with +82.19%, suggesting that capital is still seeking out highly volatile assets. By contrast, GLMR fell 14.39%, proving that liquidity can be withdrawn as quickly as it arrives. 🧮
With ETF fund flows stalling and whales reducing holdings, the market is currently in a tug-of-war.
BTC is currently at $86,316 (+1.75%), with no decisive moves yet. Even though the Bitcoin ETF still recorded inflows of $134.4 million at the beginning of October, the pace has slowed by 96% compared with the previous week. Meanwhile, whales have quietly reduced holdings—14,000 wallets holding at least 1 BTC have been cut since mid-September. ETH is also up only 1.00% to $2,719.50, and notably, the Ethereum ETF saw $118 million flow out overnight after a week of strong inflows. With weaker employment data, the Fed is likely to keep interest rates unchanged in October (83% probability), right in line with Bitcoin’s historical “Uptober” window (average gain 18%).
As for individual players, $GTC leads the way with +82.19%, suggesting that capital is still seeking out highly volatile assets. By contrast, GLMR fell 14.39%, proving that liquidity can be withdrawn as quickly as it arrives. 🧮
With ETF fund flows stalling and whales reducing holdings, the market is currently in a tug-of-war.
