The U.S. market has opened, and the crypto market still feels sluggish.
$BTC and $ETH ’s spot ETFs are on track to see nearly $1 billion in outflows this month, while U.S. rate expectations have turned hawkish again—the odds of a December rate hike have climbed to 75.5%, and the 10-year Treasury yield is heading toward 6%. Funds are clearly steering clear of interest-rate risk before even considering risk assets. Personally, I think this wave of outflows looks more like an emotional overreaction than a trend reversal, but in the short term, no one seems willing to catch a falling knife.
What’s interesting is that existing players are trying to save themselves: the $APT Foundation is turning tokenomics on its head—capping the total supply at 2.1 billion, halving staking rewards, and permanently locking up 210 million tokens (about 18% of the circulating supply). Annualized unlocks will drop by 60%, with the aim of making the token deflationary. Few older projects have taken such drastic measures. We’ll see whether the market buys it.
Meanwhile, Russia’s Sberbank and VTB have opened up $BTC , $ETH , and USDT trading to 140 million bank customers. The more geopolitical turmoil there is, the more regulated access points open up. In the long run, that matters far more than short-term price swings.
Oil tankers, hurricanes, rate-hike expectations—there are plenty of macro risks out there. Keeping your positions light can’t hurt.
NFA DYOR
#比特币 #Aptos #ETF #加密货币 #FederalReserve
$BTC and $ETH ’s spot ETFs are on track to see nearly $1 billion in outflows this month, while U.S. rate expectations have turned hawkish again—the odds of a December rate hike have climbed to 75.5%, and the 10-year Treasury yield is heading toward 6%. Funds are clearly steering clear of interest-rate risk before even considering risk assets. Personally, I think this wave of outflows looks more like an emotional overreaction than a trend reversal, but in the short term, no one seems willing to catch a falling knife.
What’s interesting is that existing players are trying to save themselves: the $APT Foundation is turning tokenomics on its head—capping the total supply at 2.1 billion, halving staking rewards, and permanently locking up 210 million tokens (about 18% of the circulating supply). Annualized unlocks will drop by 60%, with the aim of making the token deflationary. Few older projects have taken such drastic measures. We’ll see whether the market buys it.
Meanwhile, Russia’s Sberbank and VTB have opened up $BTC , $ETH , and USDT trading to 140 million bank customers. The more geopolitical turmoil there is, the more regulated access points open up. In the long run, that matters far more than short-term price swings.
Oil tankers, hurricanes, rate-hike expectations—there are plenty of macro risks out there. Keeping your positions light can’t hurt.
NFA DYOR
#比特币 #Aptos #ETF #加密货币 #FederalReserve