Bottom line first: 79,400 has been reclaimed. This is the first step toward finding a floor, not confirmation of a reversal.
📊 Market snapshot
$BTC is around 80,200: It was sold off to around 75,700 overnight, then V-shaped back within two hours, closing at 80,228 and reclaiming 79,400.
$ETH is following along at around 2,420. The Fear & Greed Index is around 34, still in fear territory.
💰 Fund flows
U.S. spot $BTC ETFs saw another $116 million in outflows on Tuesday, but the outflows are shrinking step by step: $643 million → $399 million → $116 million, for a total of about $1.16 billion over three consecutive sessions.
$ETH ETFs saw $85 million in outflows, marking the seventh consecutive trading day of outflows.
Selling pressure is fading first, and price has reclaimed the level first—but fund inflows have yet to arrive. Don’t mistake shrinking outflows for a buy-the-dip signal.
🔥 Key developments
1. The sell-off on election night has already played out: $BTC fell below 76,000 but quickly recovered above 78,000. The election-related headwind did not persist as a trend.
2. The $ZEC NU7 activation block, 3543405, is just around the corner: block times will drop from 75 seconds to 25 seconds, with daily issuance unchanged. Yesterday it rose 7.5% first, to around 1,279, and reclaimed 1,264.
3. This Friday’s nonfarm payrolls report is the final test of the week. Until then, volatility remains the norm.
🎯 My take
Reclaiming 79,400 is just the entry ticket. Until it holds above 82,100 for 1–2 days, treat this rebound as a relief rally. Chasing at this level is just asking to get burned.
Watch for a retest of 79,400 and stability there. Don’t add if it breaks below 76,500. Only talk about a reversal once it reclaims 82,100.
📊 Market snapshot
$BTC is around 80,200: It was sold off to around 75,700 overnight, then V-shaped back within two hours, closing at 80,228 and reclaiming 79,400.
$ETH is following along at around 2,420. The Fear & Greed Index is around 34, still in fear territory.
💰 Fund flows
U.S. spot $BTC ETFs saw another $116 million in outflows on Tuesday, but the outflows are shrinking step by step: $643 million → $399 million → $116 million, for a total of about $1.16 billion over three consecutive sessions.
$ETH ETFs saw $85 million in outflows, marking the seventh consecutive trading day of outflows.
Selling pressure is fading first, and price has reclaimed the level first—but fund inflows have yet to arrive. Don’t mistake shrinking outflows for a buy-the-dip signal.
🔥 Key developments
1. The sell-off on election night has already played out: $BTC fell below 76,000 but quickly recovered above 78,000. The election-related headwind did not persist as a trend.
2. The $ZEC NU7 activation block, 3543405, is just around the corner: block times will drop from 75 seconds to 25 seconds, with daily issuance unchanged. Yesterday it rose 7.5% first, to around 1,279, and reclaimed 1,264.
3. This Friday’s nonfarm payrolls report is the final test of the week. Until then, volatility remains the norm.
🎯 My take
Reclaiming 79,400 is just the entry ticket. Until it holds above 82,100 for 1–2 days, treat this rebound as a relief rally. Chasing at this level is just asking to get burned.
Watch for a retest of 79,400 and stability there. Don’t add if it breaks below 76,500. Only talk about a reversal once it reclaims 82,100.