$BTC returned to 82,000 USD, while $ETH approaches 2,500 USD. But ETFs are still seeing net outflows, and a rebound needs confirmation from returning capital.
As of 13:12 Beijing time on October 9, Binance’s price page showed $BTC at around $82,305 USD, with a 24-hour low of $80,337 USD. In this check, CoinMarketCap quoted $ETH at around $2,490 USD. Prices have moved off their lows; the next question is whether they can hold the rebound. (binance.com, coinmarketcap.com)
Spot ETF flows for the U.S. trading day on October 8:
・$BTC saw net outflows of $244.1 million USD.
・$ETH saw net outflows of $72.5 million USD.
・Combined, the two saw outflows of $316.6 million USD.
・$ETH has seen net outflows for 8 consecutive trading days.
Outflows narrowed from the previous day, but have yet to turn into net inflows. (farside.co.uk, farside.co.uk)
Overnight, the Nasdaq fell 1.25% and the S&P 500 fell 0.47%. Rising oil prices are adding to inflationary pressure and could limit room for rate cuts, leaving risk assets under valuation pressure. (reuters.com)
My assessment: A short-term recovery is underway, but a stronger trend still needs confirmation. Next, watch whether $BTC can hold above 82,000 USD, whether $ETH can stay above 2,500 USD, and whether ETF flows continue to return.
Can this rebound get a fresh wave of capital behind it?
Sources: Binance, CoinMarketCap, Farside, Reuters
#bitcoin #Ethereum #加密市場
As of 13:12 Beijing time on October 9, Binance’s price page showed $BTC at around $82,305 USD, with a 24-hour low of $80,337 USD. In this check, CoinMarketCap quoted $ETH at around $2,490 USD. Prices have moved off their lows; the next question is whether they can hold the rebound. (binance.com, coinmarketcap.com)
Spot ETF flows for the U.S. trading day on October 8:
・$BTC saw net outflows of $244.1 million USD.
・$ETH saw net outflows of $72.5 million USD.
・Combined, the two saw outflows of $316.6 million USD.
・$ETH has seen net outflows for 8 consecutive trading days.
Outflows narrowed from the previous day, but have yet to turn into net inflows. (farside.co.uk, farside.co.uk)
Overnight, the Nasdaq fell 1.25% and the S&P 500 fell 0.47%. Rising oil prices are adding to inflationary pressure and could limit room for rate cuts, leaving risk assets under valuation pressure. (reuters.com)
My assessment: A short-term recovery is underway, but a stronger trend still needs confirmation. Next, watch whether $BTC can hold above 82,000 USD, whether $ETH can stay above 2,500 USD, and whether ETF flows continue to return.
Can this rebound get a fresh wave of capital behind it?
Sources: Binance, CoinMarketCap, Farside, Reuters
#bitcoin #Ethereum #加密市場