$BTC ETFs had a pretty strong week:
$2.39B in net inflows, compared with just
$6.21M the week before. September 25
also marked the seventh green day in a
row. $ETH followed the same direction
with $689.88M in weekly inflows, after
$140M in outflows a week earlier. o
At the same time, the futures market
looked much less comfortable. More than
112,000 traders were liquidated in 24
hours, with over $345M wiped out. Around
$272M of that came from longs.
And that's what makes the current setup
interesting to me. $BTC moved from
around $75K to above $87K, then pulled
back toward $84K. So yes, capital is
clearly coming into spot products, but that
doesn't make the road up smooth. ETF
buyers can sit through volatility. A
leveraged long often can't
#EarningsSeason #BitgetHackerFailsToMoveStolenFunds #BitMineETHHoldingsTop6Million #StrategyAdds1666BTCHoldingsReach847666 #OpenAIDelaysGPT6.1OverSafetyIssues
$2.39B in net inflows, compared with just
$6.21M the week before. September 25
also marked the seventh green day in a
row. $ETH followed the same direction
with $689.88M in weekly inflows, after
$140M in outflows a week earlier. o
At the same time, the futures market
looked much less comfortable. More than
112,000 traders were liquidated in 24
hours, with over $345M wiped out. Around
$272M of that came from longs.
And that's what makes the current setup
interesting to me. $BTC moved from
around $75K to above $87K, then pulled
back toward $84K. So yes, capital is
clearly coming into spot products, but that
doesn't make the road up smooth. ETF
buyers can sit through volatility. A
leveraged long often can't
#EarningsSeason #BitgetHackerFailsToMoveStolenFunds #BitMineETHHoldingsTop6Million #StrategyAdds1666BTCHoldingsReach847666 #OpenAIDelaysGPT6.1OverSafetyIssues
