๐ BITCOIN HOLDS $86K โ ETF DEMAND COOLS OFF
๐ Market snapshot
โข BTC: ~$86,000 (โ0.6% today; +2.1% yesterday to a $86,999 high)
โข ETH: ~$2,714 (โ0.5% today; +1.5% yesterday)
๐ฐ Top stories
1๏ธโฃ ETF SPLIT: U.S. BTC spot ETFs pulled just $82.9M net last week (Sep 28โOct 2, provisional), a sharp cool-down from the $2.39B record week โ while ETH funds bled $118M (Farside).
2๏ธโฃ THE COMEBACK CONTEXT: Q3 saw BTC ETFs flip from โ$5B outflows (Q2) to +$6.34B inflows, BTC's best quarter since 2024 (SoSoValue). ETH ETFs added ~$3B in Q3.
3๏ธโฃ GLAMSTERDAM EVE: Ethereum's Glamsterdam upgrade activates on the Sepolia testnet TOMORROW (Oct 6) โ enshrined block building (EIP-7732) and parallel transaction validation. Mainnet timing still TBD.
4๏ธโฃ SENTIMENT: Analyst Miles Deutscher says ETF demand has dried up, smaller digital-asset treasuries are unwinding, and October's liquidation cascade still weighs โ but "one proper BTC pump can flip this entire dynamic."
๐ 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.
โ Your call: does BTC break $87K this week, or pull back first? Drop your view ๐
#Bitcoin #CryptoNews #BTC #Ethereum #ETF #CryptoMarkets
๐ Market snapshot
โข BTC: ~$86,000 (โ0.6% today; +2.1% yesterday to a $86,999 high)
โข ETH: ~$2,714 (โ0.5% today; +1.5% yesterday)
๐ฐ Top stories
1๏ธโฃ ETF SPLIT: U.S. BTC spot ETFs pulled just $82.9M net last week (Sep 28โOct 2, provisional), a sharp cool-down from the $2.39B record week โ while ETH funds bled $118M (Farside).
2๏ธโฃ THE COMEBACK CONTEXT: Q3 saw BTC ETFs flip from โ$5B outflows (Q2) to +$6.34B inflows, BTC's best quarter since 2024 (SoSoValue). ETH ETFs added ~$3B in Q3.
3๏ธโฃ GLAMSTERDAM EVE: Ethereum's Glamsterdam upgrade activates on the Sepolia testnet TOMORROW (Oct 6) โ enshrined block building (EIP-7732) and parallel transaction validation. Mainnet timing still TBD.
4๏ธโฃ SENTIMENT: Analyst Miles Deutscher says ETF demand has dried up, smaller digital-asset treasuries are unwinding, and October's liquidation cascade still weighs โ but "one proper BTC pump can flip this entire dynamic."
๐ 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.
โ Your call: does BTC break $87K this week, or pull back first? Drop your view ๐
#Bitcoin #CryptoNews #BTC #Ethereum #ETF #CryptoMarkets
