The US spot Ethereum ETF experienced a capital outflow of nearly $800 million last week, marking its worst weekly performance since its listing in July last year. The spot Bitcoin ETF also experienced a large-scale capital outflow last week, with a net redemption amount exceeding $900 million. Both BTC and ETH prices have experienced a decline in the past week, but ETH rebounded slightly to above $4000 on Saturday. This weekend, the short-term 108500 encountered resistance and fluctuated for three days. Today, it closed at week k, the day after tomorrow at the monthly line, and the day after tomorrow at the bearish cross star. The self interest rate has decided to land, and we are firmly bearish. What we need to do now is to sit firm and support the market. The big bearish trend is coming, with Bitcoin hitting the 100000 mark in the middle line and Ethereum testing the 3000 mark.
With the continuous rise of XPL, even the plasma chain has started to thrive, it’s really interesting.
- BTC, let’s see if we can have a final weekend rally this afternoon, otherwise we’ll have to wait until October;
- ETH oscillates with the big pie, also waiting
- SOL has a bunch of ETFs and DATs on the road, depending on the situation, there is no market trend on the chain
- The probability of the Federal Reserve cutting interest rates by 25 basis points in October has risen to 87.7%
- Linea’s main network bridges over 1 million ETH coins
- Norwegian Bitcoin holding company Ace Digital approved for listing
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