🚨 ETF REVERSAL - FROM -$635M TO +$5M IN 24H 🚨
*What happened:*
After the biggest plunge since June (-$635.6M yesterday), crypto ETFs started buying again today, Oct. 23! Live data: BTC +$4.2M, ETH +$800K, XRP +$3.5M. Total: +$5M. MSBT led with $4.2M. Yesterday, BlackRock and Fidelity had withdrawn -$471M combined.
*What it means:*
It’s not moon time yet, but the bleeding has stopped. Over 7 days, BTC is still positive at +$443.3M; ETH is suffering the most, with -$1.07B over 30 days. Institutions tested the bottom at $80,513 (average ETF cost basis) and held.
*Impact on crypto:*
🟢 SHORT TERM: SLIGHTLY BULLISH. The fear streak is broken. If we see +$50M tomorrow, it confirms a reversal and BTC could target $84K again.
🔴 ALERT: The amount is still modest. Yesterday: -$635M; today: only +$5M. We need greater volume to make up for the shock.
🟡 FED: Still expected to hold hawkishly, with a 92% chance of keeping rates unchanged on Oct. 28 and a 74% chance of a hike in December - DXY at 98.29.
Are you buying this weak reversal, or waiting for +$100M in inflows before believing it?
#BTC #ETH #XRP #ETF #Fed
*What happened:*
After the biggest plunge since June (-$635.6M yesterday), crypto ETFs started buying again today, Oct. 23! Live data: BTC +$4.2M, ETH +$800K, XRP +$3.5M. Total: +$5M. MSBT led with $4.2M. Yesterday, BlackRock and Fidelity had withdrawn -$471M combined.
*What it means:*
It’s not moon time yet, but the bleeding has stopped. Over 7 days, BTC is still positive at +$443.3M; ETH is suffering the most, with -$1.07B over 30 days. Institutions tested the bottom at $80,513 (average ETF cost basis) and held.
*Impact on crypto:*
🟢 SHORT TERM: SLIGHTLY BULLISH. The fear streak is broken. If we see +$50M tomorrow, it confirms a reversal and BTC could target $84K again.
🔴 ALERT: The amount is still modest. Yesterday: -$635M; today: only +$5M. We need greater volume to make up for the shock.
🟡 FED: Still expected to hold hawkishly, with a 92% chance of keeping rates unchanged on Oct. 28 and a 74% chance of a hike in December - DXY at 98.29.
Are you buying this weak reversal, or waiting for +$100M in inflows before believing it?
#BTC #ETH #XRP #ETF #Fed