Bitcoin ETFs see nearly $500 million in single-day outflows—is the weekly rebound over?
Yesterday, alongside the drop in $BTC , spot ETFs saw net outflows of $484.9 million, the largest single-day outflow since late June.
Combined with the increase in Binance spot trading volume, this means that despite the high-volume sell-off, Bitcoin has yet to break through the strong 82–83k support zone! This is also our entry zone for going long, and could be the bulls’ last chance at a short-term recovery.
Bitcoin broke above 66k in mid-August, confirming a daily-chart rebound. By mid-September, it had rebounded from around 75K to above 87K, confirming a weekly-chart rebound. BTC has already completed a fairly clear round of recovery on the weekly timeframe. The medium-term rebound structure has not been invalidated either.
If Bitcoin can hold up and reclaim 84,200, then it can continue to challenge 85,200–87,000. If it can’t hold, and the 4-hour chart breaks below the key 82k support zone, Bitcoin’s next support will be around 80k.
$ETH is weaker. Spot ETFs have now seen net outflows for seven consecutive trading days, totaling about $569 million.
Vitalik Buterin posted a warning that AI-driven acceleration in mathematical research could pose a threat to existing cryptographic systems sooner than expected, and that even some post-quantum cryptography solutions may face new security challenges.
If Bitcoin continues to fall, it could reach the support near the upper edge of the previous daily-chart consolidation zone at 2,530 today. In that case, Ethereum may have a chance to test weekly-chart support at 2,350–2,380~
The next two days are critical. If the market can remain resilient even after all these bearish factors play out, then we could see Bitcoin at 90k by month-end!
#Vitalik警告AI或将加速削弱密码学安全 #以太坊现货ETF单日净流出1.61亿美元
Yesterday, alongside the drop in $BTC , spot ETFs saw net outflows of $484.9 million, the largest single-day outflow since late June.
Combined with the increase in Binance spot trading volume, this means that despite the high-volume sell-off, Bitcoin has yet to break through the strong 82–83k support zone! This is also our entry zone for going long, and could be the bulls’ last chance at a short-term recovery.
Bitcoin broke above 66k in mid-August, confirming a daily-chart rebound. By mid-September, it had rebounded from around 75K to above 87K, confirming a weekly-chart rebound. BTC has already completed a fairly clear round of recovery on the weekly timeframe. The medium-term rebound structure has not been invalidated either.
If Bitcoin can hold up and reclaim 84,200, then it can continue to challenge 85,200–87,000. If it can’t hold, and the 4-hour chart breaks below the key 82k support zone, Bitcoin’s next support will be around 80k.
$ETH is weaker. Spot ETFs have now seen net outflows for seven consecutive trading days, totaling about $569 million.
Vitalik Buterin posted a warning that AI-driven acceleration in mathematical research could pose a threat to existing cryptographic systems sooner than expected, and that even some post-quantum cryptography solutions may face new security challenges.
If Bitcoin continues to fall, it could reach the support near the upper edge of the previous daily-chart consolidation zone at 2,530 today. In that case, Ethereum may have a chance to test weekly-chart support at 2,350–2,380~
The next two days are critical. If the market can remain resilient even after all these bearish factors play out, then we could see Bitcoin at 90k by month-end!
#Vitalik警告AI或将加速削弱密码学安全 #以太坊现货ETF单日净流出1.61亿美元