ETF outflows and high interest rates are piling on the pressure, raising short-term risks for four coins. A rebound needs confirmation from fresh buying.
On October 8, Reuters reported that the U.S. 10-year Treasury yield was around 5.34%, oil prices were rising, and U.S. stock futures were weakening. Higher energy costs are increasing inflation risks, potentially prolonging the high-rate environment and weighing on crypto valuations. (reuters.com)
On October 7, spot BTC ETFs saw net outflows of USD 484.9 million, while ETH ETFs saw net outflows of USD 160.9 million. ETH has now seen outflows for seven consecutive trading days. These withdrawals are a real source of pressure, but they do not yet confirm a return of buying. (farside.co.uk, farside.co.uk)
The market cap of stablecoins on Solana was USD 16.314 billion, up 1.32% over seven days. DEX trading volume over the past seven days was USD 13.271 billion, down 14.84% from the previous week. Capital on the network and trading demand are still diverging. (defillama.com)
Hyperliquid recorded USD 179.75 million in liquidations over the past 24 hours and USD 73.41 million in protocol revenue over the past 30 days. Revenue offers a fundamental reference point, while liquidations reflect leverage risk; neither should be treated as spot capital flows into HYPE. (defillama.com)
My view: cautious in the short term; over the medium term, watch whether ETF flows turn positive again and on-chain demand recovers. Will the next rebound be driven by spot buying or leverage?
Checked: Evening of October 8, Beijing time.
Sources: Reuters, Farside, DefiLlama.
$BTC $ETH $SOL $HYPE
#Bitcoin #Ethereum #Solana #Hyperliquid
On October 8, Reuters reported that the U.S. 10-year Treasury yield was around 5.34%, oil prices were rising, and U.S. stock futures were weakening. Higher energy costs are increasing inflation risks, potentially prolonging the high-rate environment and weighing on crypto valuations. (reuters.com)
On October 7, spot BTC ETFs saw net outflows of USD 484.9 million, while ETH ETFs saw net outflows of USD 160.9 million. ETH has now seen outflows for seven consecutive trading days. These withdrawals are a real source of pressure, but they do not yet confirm a return of buying. (farside.co.uk, farside.co.uk)
The market cap of stablecoins on Solana was USD 16.314 billion, up 1.32% over seven days. DEX trading volume over the past seven days was USD 13.271 billion, down 14.84% from the previous week. Capital on the network and trading demand are still diverging. (defillama.com)
Hyperliquid recorded USD 179.75 million in liquidations over the past 24 hours and USD 73.41 million in protocol revenue over the past 30 days. Revenue offers a fundamental reference point, while liquidations reflect leverage risk; neither should be treated as spot capital flows into HYPE. (defillama.com)
My view: cautious in the short term; over the medium term, watch whether ETF flows turn positive again and on-chain demand recovers. Will the next rebound be driven by spot buying or leverage?
Checked: Evening of October 8, Beijing time.
Sources: Reuters, Farside, DefiLlama.
$BTC $ETH $SOL $HYPE
#Bitcoin #Ethereum #Solana #Hyperliquid