Morning Briefing | Monday Open: A Bounce, but No Follow-Through from Funds Yet
$BTC is currently around 84,000 U, up about 0.9% over 24 hours; $ETH is around 2,537 U, up about 1.2%. Late in the weekend, prices briefly climbed above 84,000, sweeping out some shorts. But BTC is still slightly down for the week, while ETH has fallen more noticeably—this looks more like a relief bounce after finding support than a trend reversal.
Funding is the real constraint: U.S. spot BTC ETFs saw roughly 680 million U in net outflows last week, their largest weekly outflow since late June. ETH products are also still seeing consecutive outflows. The broader market’s resilience is probably just a breather after deleveraging; don’t mistake the bounce for institutions piling back in. The hard news on the security front, including Ledger and XRPL, has already been priced in to some extent. Treat overnight follow-ups as noise.
Today’s calendar: APT’s insider vesting window ends today, which could make short-term supply a sensitive issue. Tomorrow evening, Japan’s OKJ will open trading for NIGHT, so listing expectations could be priced in early. This week, also keep an eye on the U.S. CPI release on 10/14, FIL vesting around mid-month, and the AERO/VELO merger timeline before month-end. Macro data deserves higher priority than weekend hype.
The above is a summary 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 84,000 U, up about 0.9% over 24 hours; $ETH is around 2,537 U, up about 1.2%. Late in the weekend, prices briefly climbed above 84,000, sweeping out some shorts. But BTC is still slightly down for the week, while ETH has fallen more noticeably—this looks more like a relief bounce after finding support than a trend reversal.
Funding is the real constraint: U.S. spot BTC ETFs saw roughly 680 million U in net outflows last week, their largest weekly outflow since late June. ETH products are also still seeing consecutive outflows. The broader market’s resilience is probably just a breather after deleveraging; don’t mistake the bounce for institutions piling back in. The hard news on the security front, including Ledger and XRPL, has already been priced in to some extent. Treat overnight follow-ups as noise.
Today’s calendar: APT’s insider vesting window ends today, which could make short-term supply a sensitive issue. Tomorrow evening, Japan’s OKJ will open trading for NIGHT, so listing expectations could be priced in early. This week, also keep an eye on the U.S. CPI release on 10/14, FIL vesting around mid-month, and the AERO/VELO merger timeline before month-end. Macro data deserves higher priority than weekend hype.
The above is a summary of public information and personal views, and does not constitute investment advice. Crypto is highly volatile; please make your own decisions.