The European session just opened, so let’s start with an uncomfortable number: outflows from the $BTC and $ETH ETFs in October are closing in on $1 billion.
At first glance, that looks pretty alarming. But when you break it down, it’s not quite so bleak. The outflows mostly coincided with Treasury yields surging to 6% and oil prices spiking after tankers were attacked in the Strait of Hormuz. Risk assets across the board have been under pressure—it’s not all crypto’s fault.
But this other piece of news is a real bombshell: Russian state-owned banking giants Sberbank and VTB have opened up BTC, ETH, and USDT trading to 140 million bank customers. A mainstream on-ramp of that scale is worth more than ten bullish research reports.
$APT is making moves too, with a major tokenomics overhaul: permanently locking 210 million tokens, halving staking rewards, and capping the total supply at 2.1 billion. It’s clearly aiming for deflation.
My take: until the macro picture catches its breath, treat any rally as a bounce. No harm in waiting to get back in until ETF inflows return—better to miss out than get stuck holding the bag.
NFA DYOR
#BTC #ETH #Aptos #ETF资金流 #Macro
At first glance, that looks pretty alarming. But when you break it down, it’s not quite so bleak. The outflows mostly coincided with Treasury yields surging to 6% and oil prices spiking after tankers were attacked in the Strait of Hormuz. Risk assets across the board have been under pressure—it’s not all crypto’s fault.
But this other piece of news is a real bombshell: Russian state-owned banking giants Sberbank and VTB have opened up BTC, ETH, and USDT trading to 140 million bank customers. A mainstream on-ramp of that scale is worth more than ten bullish research reports.
$APT is making moves too, with a major tokenomics overhaul: permanently locking 210 million tokens, halving staking rewards, and capping the total supply at 2.1 billion. It’s clearly aiming for deflation.
My take: until the macro picture catches its breath, treat any rally as a bounce. No harm in waiting to get back in until ETF inflows return—better to miss out than get stuck holding the bag.
NFA DYOR
#BTC #ETH #Aptos #ETF资金流 #Macro