In this Bitcoin downturn, what really matters isn’t how far the price has fallen, but who is selling—and who has started buying.
On October 7, U.S. spot Bitcoin ETFs saw net outflows of about $487 million.
On October 8, they continued to see net outflows of about $244 million.
By October 9, flows finally turned positive, but net inflows were only about $21.1 million.
What does this tell us?
Selling pressure from institutional investors may have eased somewhat, but one day of modest inflows isn’t enough to prove that the market has reversed.
Meanwhile, the U.S. 10-year Treasury yield remains elevated, above 5%, and the macro environment is far from easy.
Here are the three levels I’ll be watching:
$80,000: An important psychological level. Watch to see whether it can provide solid support.
$83,000: A level Bitcoin needs to reclaim in the short term.
$85,000–$87,000: The resistance zone overhead.
If Bitcoin regains and holds above $83,000, while ETFs return to sustained net inflows, the market structure may gradually improve.
But if the rebound lacks spot trading volume while leverage in futures keeps rising, we should be alert to another wave of liquidations.
The most important thing right now isn’t guessing where the bottom is, but watching to see whether real buying demand has returned.
Do you think this is a normal correction for Bitcoin, or the start of a larger downturn?
#以太坊突破2500USDT
On October 7, U.S. spot Bitcoin ETFs saw net outflows of about $487 million.
On October 8, they continued to see net outflows of about $244 million.
By October 9, flows finally turned positive, but net inflows were only about $21.1 million.
What does this tell us?
Selling pressure from institutional investors may have eased somewhat, but one day of modest inflows isn’t enough to prove that the market has reversed.
Meanwhile, the U.S. 10-year Treasury yield remains elevated, above 5%, and the macro environment is far from easy.
Here are the three levels I’ll be watching:
$80,000: An important psychological level. Watch to see whether it can provide solid support.
$83,000: A level Bitcoin needs to reclaim in the short term.
$85,000–$87,000: The resistance zone overhead.
If Bitcoin regains and holds above $83,000, while ETFs return to sustained net inflows, the market structure may gradually improve.
But if the rebound lacks spot trading volume while leverage in futures keeps rising, we should be alert to another wave of liquidations.
The most important thing right now isn’t guessing where the bottom is, but watching to see whether real buying demand has returned.
Do you think this is a normal correction for Bitcoin, or the start of a larger downturn?
#以太坊突破2500USDT