$ETC is the most searched non stablecoin asset on this platform's six hour list right now, and its 24 hour volume is 2.9 million against a 5.1 million average over the last 30 days. That is 0.56x normal activity, across 22,474 trades. Search interest went up while turnover went down.
The reason is on the calendar. September CPI prints tomorrow, 14 October, at 8:30 New York time, and the whole market is standing still in front of it. The previous reading came in at plus 0.4 percent month over month and was published on 11 September.
Three measurements from the wait:
Bitcoin dominance is at 59.8 percent, up from 58.97 percent on 5 October, the highest reading of the last ten days. Total crypto market value is 2.80 trillion, down 2.71 percent in 24 hours.
$ETC accounts for 1.29 billion of that total, so 0.046 percent of the market, and it ranks 55th.
Open interest fell 1.9 percent over 24 hours, from 2.70 million to 2.65 million contracts, while funding stayed positive at plus 0.0044 percent. Leverage is being reduced, slowly, and the longs still pay to hold.
The long to short account ratio has barely moved: 1.13, 1.18, 1.16, 1.16, 1.16, 1.15 across the last 24 hours. Near parity, while the large alts I track read between 2.37 and 2.58 accounts long for every short at the same moment.
Taker flow over the last six hours reads 1.24, 0.72, 0.63, 0.87, 0.90, 1.15, so buyers came back only in the last hour.
Price is 8.16, down 1.09 percent on the day, down 7.8 percent on the week, still up 9.7 percent over 30 days and 21.8 percent below its 30 day high of 10.42.
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