ETF Capital Alignments: BTC Sees Replenishment, ETH Left Behind
In early October, BTC ETFs quickly turned positive after a brief outflow: a net inflow of $103 million on the 1st, followed by an additional $31.7 million on the 2nd, marking two consecutive days of recovery. Meanwhile, ETH has experienced four consecutive days of net outflows since September 29, totaling approximately $135 million. One is being bought back by capital, the other is being abandoned.
Behind this divergence lies a shift in institutional preferences. BTC still has support at lower levels, showing stronger bottoming intent; ETH continues to be reduced in the short term, naturally resulting in weaker performance. If this divergence continues, ETH’s rebound is very likely to lag behind BTC.
I am still holding my 86,000 short position with the same strategy: despite positive news, resistance above remains heavy. However, the BTC ETF inflow is a warning that cannot be ignored—if capital continues to flow in, the short position must tighten its defense. Stop loss remains at 88,000, with targets between 83,000 and 83,500; reduce position once reached, and move the remaining to breakeven.
Light positions allow flexibility. ETF capital flow is a short-term indicator; keep watching closely. $BTC $ETH
In early October, BTC ETFs quickly turned positive after a brief outflow: a net inflow of $103 million on the 1st, followed by an additional $31.7 million on the 2nd, marking two consecutive days of recovery. Meanwhile, ETH has experienced four consecutive days of net outflows since September 29, totaling approximately $135 million. One is being bought back by capital, the other is being abandoned.
Behind this divergence lies a shift in institutional preferences. BTC still has support at lower levels, showing stronger bottoming intent; ETH continues to be reduced in the short term, naturally resulting in weaker performance. If this divergence continues, ETH’s rebound is very likely to lag behind BTC.
I am still holding my 86,000 short position with the same strategy: despite positive news, resistance above remains heavy. However, the BTC ETF inflow is a warning that cannot be ignored—if capital continues to flow in, the short position must tighten its defense. Stop loss remains at 88,000, with targets between 83,000 and 83,500; reduce position once reached, and move the remaining to breakeven.
Light positions allow flexibility. ETF capital flow is a short-term indicator; keep watching closely. $BTC $ETH