Bitcoin ETFs saw nearly $550 million in net inflows over two days, while Ethereum ETFs bled for five straight days, with October outflows nearing $1.1 billion.
$BTC ETF attracted $527 million on Monday and another $23.16 million on Tuesday, bringing its two-day total to about $550 million and reversing last week's $229 million in net outflows. $ETH ETF saw $26.13 million in net outflows on Tuesday, marking five consecutive days of outflows. October's cumulative outflows have reached $1.08 billion, the largest monthly outflow on record this year.
As of this morning, BTC was at $84,357, up 1.73%, and ETH was at $2,478, up 1.28%. The Fear & Greed Index stood at 63. Liquidations over the past 24 hours totaled about $280 million, including $191 million in short positions—the rebound is being driven by short covering.
SpaceX and Tesla have formed a special committee to discuss a merger. The combined entity would hold more than 30,000 bitcoins worth $2.5 billion.
My view is that prices are likely to trade in a high range today, with gains narrowing: capital is flowing into BTC, but not ETH, and sentiment has only just turned greedy, so it could easily swing back. This view would be invalidated if ETH ETF flows turn positive. This is not investment advice.
#加密货币 #Fund Flows
$BTC ETF attracted $527 million on Monday and another $23.16 million on Tuesday, bringing its two-day total to about $550 million and reversing last week's $229 million in net outflows. $ETH ETF saw $26.13 million in net outflows on Tuesday, marking five consecutive days of outflows. October's cumulative outflows have reached $1.08 billion, the largest monthly outflow on record this year.
As of this morning, BTC was at $84,357, up 1.73%, and ETH was at $2,478, up 1.28%. The Fear & Greed Index stood at 63. Liquidations over the past 24 hours totaled about $280 million, including $191 million in short positions—the rebound is being driven by short covering.
SpaceX and Tesla have formed a special committee to discuss a merger. The combined entity would hold more than 30,000 bitcoins worth $2.5 billion.
My view is that prices are likely to trade in a high range today, with gains narrowing: capital is flowing into BTC, but not ETH, and sentiment has only just turned greedy, so it could easily swing back. This view would be invalidated if ETH ETF flows turn positive. This is not investment advice.
#加密货币 #Fund Flows
