🚀 BITCOIN HOLDS $86K — ETF DEMAND COOLS OFF
📊 Market snapshot
• BTC: ~$86,000 (−0.6% today; +2.1% yesterday to a $86,999 high)
• ETH: ~$2,714 (−0.5% today; +1.5% yesterday)
📰 Top stories
1️⃣ ETF SPLIT: U.S. BTC spot ETFs pulled just $82.9M net last week (Sep 28–Oct 2, provisional), a sharp cool-down from the $2.39B record week — while ETH funds bled $118M (Farside).
2️⃣ THE COMEBACK CONTEXT: Q3 saw BTC ETFs flip from −$5B outflows (Q2) to +$6.34B inflows, BTC's best quarter since 2024 (SoSoValue). ETH ETFs added ~$3B in Q3.
3️⃣ GLAMSTERDAM EVE: Ethereum's Glamsterdam upgrade activates on the Sepolia testnet TOMORROW (Oct 6) — enshrined block building (EIP-7732) and parallel transaction validation. Mainnet timing still TBD.
4️⃣ SENTIMENT: Analyst Miles Deutscher says ETF demand has dried up, smaller digital-asset treasuries are unwinding, and October's liquidation cascade still weighs — but "one proper BTC pump can flip this entire dynamic."
👀 What to watch: daily ETF flow prints (the daily bid has thinned), Glamsterdam's Sepolia activation, and whether BTC retests $87.3K resistance or $82K support.
❓ Your call: does BTC break $87K this week, or pull back first? Drop your view 👇
#Bitcoin #CryptoNews #BTC #Ethereum #ETF #CryptoMarkets
📊 Market snapshot
• BTC: ~$86,000 (−0.6% today; +2.1% yesterday to a $86,999 high)
• ETH: ~$2,714 (−0.5% today; +1.5% yesterday)
📰 Top stories
1️⃣ ETF SPLIT: U.S. BTC spot ETFs pulled just $82.9M net last week (Sep 28–Oct 2, provisional), a sharp cool-down from the $2.39B record week — while ETH funds bled $118M (Farside).
2️⃣ THE COMEBACK CONTEXT: Q3 saw BTC ETFs flip from −$5B outflows (Q2) to +$6.34B inflows, BTC's best quarter since 2024 (SoSoValue). ETH ETFs added ~$3B in Q3.
3️⃣ GLAMSTERDAM EVE: Ethereum's Glamsterdam upgrade activates on the Sepolia testnet TOMORROW (Oct 6) — enshrined block building (EIP-7732) and parallel transaction validation. Mainnet timing still TBD.
4️⃣ SENTIMENT: Analyst Miles Deutscher says ETF demand has dried up, smaller digital-asset treasuries are unwinding, and October's liquidation cascade still weighs — but "one proper BTC pump can flip this entire dynamic."
👀 What to watch: daily ETF flow prints (the daily bid has thinned), Glamsterdam's Sepolia activation, and whether BTC retests $87.3K resistance or $82K support.
❓ Your call: does BTC break $87K this week, or pull back first? Drop your view 👇
#Bitcoin #CryptoNews #BTC #Ethereum #ETF #CryptoMarkets
