$BTC $ETH $SOL
BTC barely moved all day Saturday: around 75,910 in the morning, and around 75,908 now.
ETH was around 2,241 and SOL around 89.8, also barely moving all day.
But money was moving: on Friday, U.S. spot BTC ETFs saw net outflows of about $412 million, with roughly $403 million coming from a single BlackRock fund.
For the whole week, outflows totaled about $1.28 billion.
The money left, but the price didn't budge: it dipped to around 74,722 overnight, then closed back above 75,000.
That suggests buyers are stepping in around 75,000, but don't rush to call a bottom: the Fear and Greed Index is at 25, still in extreme fear.
The real test comes next Tuesday: October CPI, due at 8:30 a.m. Eastern Time.
This is the last CPI report before the Fed's December policy meeting. Core CPI is expected to rise about 0.2% month over month, down from 0.3% previously.
October PPI is also due Friday. Wednesday is Veterans Day, so bond markets will be closed while stock markets remain open as usual.
This weekend, watch to see whether 75,000 holds. A move back above 77,000 would give the short-term weakness some breathing room.
These are my personal views, not investment advice. I'll be watching the data as it comes out next Tuesday—follow me for the next update.
BTC barely moved all day Saturday: around 75,910 in the morning, and around 75,908 now.
ETH was around 2,241 and SOL around 89.8, also barely moving all day.
But money was moving: on Friday, U.S. spot BTC ETFs saw net outflows of about $412 million, with roughly $403 million coming from a single BlackRock fund.
For the whole week, outflows totaled about $1.28 billion.
The money left, but the price didn't budge: it dipped to around 74,722 overnight, then closed back above 75,000.
That suggests buyers are stepping in around 75,000, but don't rush to call a bottom: the Fear and Greed Index is at 25, still in extreme fear.
The real test comes next Tuesday: October CPI, due at 8:30 a.m. Eastern Time.
This is the last CPI report before the Fed's December policy meeting. Core CPI is expected to rise about 0.2% month over month, down from 0.3% previously.
October PPI is also due Friday. Wednesday is Veterans Day, so bond markets will be closed while stock markets remain open as usual.
This weekend, watch to see whether 75,000 holds. A move back above 77,000 would give the short-term weakness some breathing room.
These are my personal views, not investment advice. I'll be watching the data as it comes out next Tuesday—follow me for the next update.
