Capital flows are worth watching:
“September’s DEX spot trading volume was about 26% of CEX volume, and 86% of RWA perpetual contracts were traded on-chain.”
After this news came out, I only have three questions about the money flows:
1. Are large orders net buying or net selling?
2. Can trading volume for $BTC ($1.061 billion over 24 hours) continue to grow?
3. Are there any unusual outflows from on-chain trading platforms?
Only if all three point in the same direction does this news carry real weight; otherwise, it’s probably just a passing gust.
Sentiment rises and fades quickly—what matters is whether it lasts.

#BTC