📊 Market Snapshot
$BTC is around 80,100, trading in a range of 79,368–80,844 today, down about 0.4% over 24 hours; $ETH is around 2,316, down about 1.0% over 24 hours. The 80,000 level briefly gave way during yesterday’s Asian session, with the price dipping to 79,300 before recovering. It held, but didn’t reclaim the level.
💰 Fund Flows
Spot ETFs saw combined outflows of about 770 million over two days (635.6 million on Thursday + 137.9 million on Friday), but still recorded net inflows of around 301 million for the week. This wasn’t institutions bailing out; they were just trimming positions ahead of the weekend while waiting for the decision. In the weekend’s wave of over 800 million in liquidations, long positions took the biggest hit—leverage got flushed out first.
📰 Key News
1. The FOMC meets today, with its decision due tomorrow, 10-28. Markets are pricing in roughly a 90% chance of no change, but the odds of another rate hike in December are around 80%. The decision itself isn’t in doubt; December expectations are what will move the market.
2. Oil prices have pulled back: Brent has retreated to around 110 from last week’s high of 116.72. Trump says the U.S. won’t strike Iran for now, but the option remains on the table. Any renewed volatility in oil tends to hit crypto too.
3. A packed schedule: PCE data is due Thursday, 10-29, and options worth around $11 billion expire Friday, 10-30. The FOMC is just the first hurdle.
📈 Gainers and Losers
The broader market is mostly down: BTC about -1.0%, ETH about -1.8%, XRP about -1.8%, SOL about -1.1%, and DOGE about -1.1%. TRX is the only slight gainer near the top. When nothing is leading the way up during a downturn, it suggests this isn’t rotation—it’s broad-based position reduction.
💬 In a Nutshell
Betting on direction on the eve of the FOMC is just paying fees for nothing: if 79,220 gives way, watch 77,600; only talk about a reversal if the price reclaims 82,100 and holds for 1–2 days. Don’t chase above 80,000; keep scaling in between 76,000 and 80,000. Until the decision is out, keeping some powder dry matters more than being fully invested.
$BTC is around 80,100, trading in a range of 79,368–80,844 today, down about 0.4% over 24 hours; $ETH is around 2,316, down about 1.0% over 24 hours. The 80,000 level briefly gave way during yesterday’s Asian session, with the price dipping to 79,300 before recovering. It held, but didn’t reclaim the level.
💰 Fund Flows
Spot ETFs saw combined outflows of about 770 million over two days (635.6 million on Thursday + 137.9 million on Friday), but still recorded net inflows of around 301 million for the week. This wasn’t institutions bailing out; they were just trimming positions ahead of the weekend while waiting for the decision. In the weekend’s wave of over 800 million in liquidations, long positions took the biggest hit—leverage got flushed out first.
📰 Key News
1. The FOMC meets today, with its decision due tomorrow, 10-28. Markets are pricing in roughly a 90% chance of no change, but the odds of another rate hike in December are around 80%. The decision itself isn’t in doubt; December expectations are what will move the market.
2. Oil prices have pulled back: Brent has retreated to around 110 from last week’s high of 116.72. Trump says the U.S. won’t strike Iran for now, but the option remains on the table. Any renewed volatility in oil tends to hit crypto too.
3. A packed schedule: PCE data is due Thursday, 10-29, and options worth around $11 billion expire Friday, 10-30. The FOMC is just the first hurdle.
📈 Gainers and Losers
The broader market is mostly down: BTC about -1.0%, ETH about -1.8%, XRP about -1.8%, SOL about -1.1%, and DOGE about -1.1%. TRX is the only slight gainer near the top. When nothing is leading the way up during a downturn, it suggests this isn’t rotation—it’s broad-based position reduction.
💬 In a Nutshell
Betting on direction on the eve of the FOMC is just paying fees for nothing: if 79,220 gives way, watch 77,600; only talk about a reversal if the price reclaims 82,100 and holds for 1–2 days. Don’t chase above 80,000; keep scaling in between 76,000 and 80,000. Until the decision is out, keeping some powder dry matters more than being fully invested.