Think carefully at this level:
CoinShares: BTC-Nasdaq correlation rebounds to 40%; inflation data may affect short-term price action
Source: Wu Blockchain (0.0 hours ago)
Wu Blockchain learned that CoinShares said in its latest biweekly market report that U.S. spot BTC ETFs saw net outflows of $679 million last week, including $485 million in net outflows on Wednesday alone—the largest single-day outflow since June. ETH ETFs saw net outflows of $542 million last week, with cumulative outflows of nearly $700 million over nine consecutive trading days. BTC fell to around $80,300 after approaching $87,000 on October 5, then rebounded
Related asset: $ETH $BTC
My three takeaways:
① What to watch — ETF flows have the most direct impact on short-term sentiment. Focus on whether the trend continues, and don't read too much into a single day's data.
② Who's affected — $ETH $BTC ; short-term sentiment matters more than long-term fundamentals.
③ What I'll do — First, watch for changes in trading volume. I'll stay on the sidelines and wait for the direction to be confirmed.
Current: $BTC 83,362 (24h +0.73%)
The highs and lows are gradually moving higher. Bulls are building momentum—is a breakout just around the corner?
#Binance #CryptoNews #ETH #BTC
CoinShares: BTC-Nasdaq correlation rebounds to 40%; inflation data may affect short-term price action
Source: Wu Blockchain (0.0 hours ago)
Wu Blockchain learned that CoinShares said in its latest biweekly market report that U.S. spot BTC ETFs saw net outflows of $679 million last week, including $485 million in net outflows on Wednesday alone—the largest single-day outflow since June. ETH ETFs saw net outflows of $542 million last week, with cumulative outflows of nearly $700 million over nine consecutive trading days. BTC fell to around $80,300 after approaching $87,000 on October 5, then rebounded
Related asset: $ETH $BTC
My three takeaways:
① What to watch — ETF flows have the most direct impact on short-term sentiment. Focus on whether the trend continues, and don't read too much into a single day's data.
② Who's affected — $ETH $BTC ; short-term sentiment matters more than long-term fundamentals.
③ What I'll do — First, watch for changes in trading volume. I'll stay on the sidelines and wait for the direction to be confirmed.
Current: $BTC 83,362 (24h +0.73%)
The highs and lows are gradually moving higher. Bulls are building momentum—is a breakout just around the corner?
#Binance #CryptoNews #ETH #BTC