📊 October 22 Crypto Market Watch: ETFs keep accumulating, yet prices are falling?
Market snapshot as of early this morning (CoinGecko):
$BTC 81,597 USD, 24h -3.42%
$ETH 2,396.73 USD, 24h -4.44%
BNB 730.82 USD, 24h -2.40%
SOL 104.59 USD, 24h -3.48%
The total crypto market cap is about 2.77 trillion dollars, down 3.6% over 24 hours. AI stocks faced selling pressure in the U.S. market, dragging risk assets down with them.
But there was a bright spot in off-chain fund flows:
✅ On October 21, spot Bitcoin ETFs saw net inflows of 528 million dollars, marking a third consecutive day of net inflows. BlackRock's IBIT took in 235 million, and Fidelity's FBTC 213 million.
✅ Spot Ethereum ETFs ended a five-day outflow streak, turning to net inflows of about 15 million dollars.
⚠️ On October 21, BTC briefly surged above 84,000 dollars. Liquidations over 24 hours totaled 243 million dollars, with short positions accounting for more than 77%—a clear case of both longs and shorts getting squeezed.
Sentiment: The Fear & Greed Index is at 68, still in the greed zone. Bitfinex notes that BTC remains below the average cost basis of ETF investors, at 84,333 dollars, and expects it to trade within the 81,300–84,400 dollar range ahead of the FOMC rate decision on October 28. CME data shows an 83.9% probability of rates being held steady.
Funds are quietly buying, but prices keep sliding—do you think institutions are accumulating on the dip, or is this the prelude to a deeper correction?
#加密数据 #BTC #EthereumETF
⚠️ Personal opinion only. DYOR and be aware of the risks.
Market snapshot as of early this morning (CoinGecko):
$BTC 81,597 USD, 24h -3.42%
$ETH 2,396.73 USD, 24h -4.44%
BNB 730.82 USD, 24h -2.40%
SOL 104.59 USD, 24h -3.48%
The total crypto market cap is about 2.77 trillion dollars, down 3.6% over 24 hours. AI stocks faced selling pressure in the U.S. market, dragging risk assets down with them.
But there was a bright spot in off-chain fund flows:
✅ On October 21, spot Bitcoin ETFs saw net inflows of 528 million dollars, marking a third consecutive day of net inflows. BlackRock's IBIT took in 235 million, and Fidelity's FBTC 213 million.
✅ Spot Ethereum ETFs ended a five-day outflow streak, turning to net inflows of about 15 million dollars.
⚠️ On October 21, BTC briefly surged above 84,000 dollars. Liquidations over 24 hours totaled 243 million dollars, with short positions accounting for more than 77%—a clear case of both longs and shorts getting squeezed.
Sentiment: The Fear & Greed Index is at 68, still in the greed zone. Bitfinex notes that BTC remains below the average cost basis of ETF investors, at 84,333 dollars, and expects it to trade within the 81,300–84,400 dollar range ahead of the FOMC rate decision on October 28. CME data shows an 83.9% probability of rates being held steady.
Funds are quietly buying, but prices keep sliding—do you think institutions are accumulating on the dip, or is this the prelude to a deeper correction?
#加密数据 #BTC #EthereumETF
⚠️ Personal opinion only. DYOR and be aware of the risks.