Morning Briefing | Weekend trading opens relatively steady, the broader market is recovering, while altcoins are each telling their own stories.
$BTC is currently around 82,600 U, up about 1% over 24h. $ETH is around 2,486 U, with a weaker gain. Near Thursday’s low, it briefly plunged to around 80,300, then risk appetite edged back up after Trump said the U.S. would not take military action against Iran before the midterm elections. Oil prices also eased. But on a weekly basis, BTC is still down about 4%, while ETH is closer to a 9% decline—the rebound has mostly halted the slide, but hasn’t made up for this week’s losses.
Derivatives were still hurting overnight: public data shows liquidations of roughly $1 billion over the past 24h, mostly among longs, with ETH liquidations at one point exceeding BTC’s. U.S. spot ETFs saw combined net outflows of around 960 million U over the past two trading days, and ETH funds have seen outflows for several consecutive days. The flow picture remains defensive, and leverage has yet to build back up.
Altcoins, by contrast, were livelier overnight: the relative outperformers were names with their own catalysts (STRK, KAIA, NEAR, ATOM, DOT, etc.). Those catalysts were already covered from last night through this morning, so we won’t repeat them here. Weekend liquidity is usually thinner, which can amplify this kind of divergence.
Today’s watchlist: Mostly stay on the sidelines over the weekend; watch whether BTC can hold above 82,000 and whether ETH can reclaim and hold 2,500. Next week, keep an eye on APT’s internal unlock schedule (around 10/12) and the rollout of Thailand’s spot BTC/ETH ETF rules (around 10/16). A reminder on the anniversary of the major liquidation event on 10/10 a year ago: volatility moves faster than slogans.
The above is a compilation of public information and personal views, and does not constitute investment advice. Crypto is highly volatile; please make your own decisions.
$BTC is currently around 82,600 U, up about 1% over 24h. $ETH is around 2,486 U, with a weaker gain. Near Thursday’s low, it briefly plunged to around 80,300, then risk appetite edged back up after Trump said the U.S. would not take military action against Iran before the midterm elections. Oil prices also eased. But on a weekly basis, BTC is still down about 4%, while ETH is closer to a 9% decline—the rebound has mostly halted the slide, but hasn’t made up for this week’s losses.
Derivatives were still hurting overnight: public data shows liquidations of roughly $1 billion over the past 24h, mostly among longs, with ETH liquidations at one point exceeding BTC’s. U.S. spot ETFs saw combined net outflows of around 960 million U over the past two trading days, and ETH funds have seen outflows for several consecutive days. The flow picture remains defensive, and leverage has yet to build back up.
Altcoins, by contrast, were livelier overnight: the relative outperformers were names with their own catalysts (STRK, KAIA, NEAR, ATOM, DOT, etc.). Those catalysts were already covered from last night through this morning, so we won’t repeat them here. Weekend liquidity is usually thinner, which can amplify this kind of divergence.
Today’s watchlist: Mostly stay on the sidelines over the weekend; watch whether BTC can hold above 82,000 and whether ETH can reclaim and hold 2,500. Next week, keep an eye on APT’s internal unlock schedule (around 10/12) and the rollout of Thailand’s spot BTC/ETH ETF rules (around 10/16). A reminder on the anniversary of the major liquidation event on 10/10 a year ago: volatility moves faster than slogans.
The above is a compilation of public information and personal views, and does not constitute investment advice. Crypto is highly volatile; please make your own decisions.