š Market Snapshot
$BTC 81,300 (-0.6%), stuck firmly below the 50-day moving average at 81,361 for three days; Ethereum at 2,385 (-1.5%), still languishing below 2,400; $ZEC 1,126 (-1.4%), in a daily-chart correction, with the 1,100 support level just 2% below.
š° Fund Flows
Ā· Spot Bitcoin ETFs have seen net inflows for 6 consecutive days, totaling $2.26 billionāinstitutional investors got in two days before retail investors;
Ā· Santiment on-chain data: whale addresses holding 10ā10,000 BTC scooped up 85,900 BTC (about $7 billion) in 3 weeks, and the number of Bitcoin-holding wallets hit an all-time high. Prices are still, positions are movingāthis kind of divergence usually doesn't last long.
š° Key News
Ā· Strategy sold shares to raise $2 billion and establish a ādollar cash poolā to buy the dip. Its 840,000 BTC remain untouched, and its mNAV is just 0.79xāequivalent to buying coins at a 21% discount;
Ā· Cantor raised its 12-month price target from $98,000 to $112,000ātalking risk, but acting bullish;
Ā· Jiang Zhuoer turned bullish: Ethereum is the engine of this bull run;
Ā· Headwinds remain: inflation data came in hotter than expected, the Nasdaq fell 5.5% for the week, and the Strait of Hormuz situation is escalating. The broader market lacks short-term momentum.
š Weekly Gainers & Losers
Gainers: $TIA +57% (the Eden AI agent chain caught fire, sending it to an 11-month high of $0.75); Base's leading DEX +10% (merging with Velodrome on 10/21āthe biggest DEX on Base is on the way).
Losers: Major coins are all stalled; altcoins are still waiting for a signal from the broader market.
š” The Takeaway
Six straight days of ETF buying, and whales have scooped up 86,000 BTC in three weeksāeveryone who needed to act did so around $81k, while retail investors are still asking, āShould I sell?ā As long as Bitcoin holds above $80k, it's a window to add to your position; there's still time to admit defeat if it breaks below $80k. Selling at a loss now just hands your coins to the Cantors of the world.
$BTC 81,300 (-0.6%), stuck firmly below the 50-day moving average at 81,361 for three days; Ethereum at 2,385 (-1.5%), still languishing below 2,400; $ZEC 1,126 (-1.4%), in a daily-chart correction, with the 1,100 support level just 2% below.
š° Fund Flows
Ā· Spot Bitcoin ETFs have seen net inflows for 6 consecutive days, totaling $2.26 billionāinstitutional investors got in two days before retail investors;
Ā· Santiment on-chain data: whale addresses holding 10ā10,000 BTC scooped up 85,900 BTC (about $7 billion) in 3 weeks, and the number of Bitcoin-holding wallets hit an all-time high. Prices are still, positions are movingāthis kind of divergence usually doesn't last long.
š° Key News
Ā· Strategy sold shares to raise $2 billion and establish a ādollar cash poolā to buy the dip. Its 840,000 BTC remain untouched, and its mNAV is just 0.79xāequivalent to buying coins at a 21% discount;
Ā· Cantor raised its 12-month price target from $98,000 to $112,000ātalking risk, but acting bullish;
Ā· Jiang Zhuoer turned bullish: Ethereum is the engine of this bull run;
Ā· Headwinds remain: inflation data came in hotter than expected, the Nasdaq fell 5.5% for the week, and the Strait of Hormuz situation is escalating. The broader market lacks short-term momentum.
š Weekly Gainers & Losers
Gainers: $TIA +57% (the Eden AI agent chain caught fire, sending it to an 11-month high of $0.75); Base's leading DEX +10% (merging with Velodrome on 10/21āthe biggest DEX on Base is on the way).
Losers: Major coins are all stalled; altcoins are still waiting for a signal from the broader market.
š” The Takeaway
Six straight days of ETF buying, and whales have scooped up 86,000 BTC in three weeksāeveryone who needed to act did so around $81k, while retail investors are still asking, āShould I sell?ā As long as Bitcoin holds above $80k, it's a window to add to your position; there's still time to admit defeat if it breaks below $80k. Selling at a loss now just hands your coins to the Cantors of the world.