Market Overview - Bitcoin is trading around $109K as traders react to Fed Chair Jerome Powell's comments, which have cooled demand for BTC ETFs and other risk assets [1] - Polymarket traders now assign a 71% chance of a 25-basis-point rate cut at the Fed's December meeting, down from about 90% before Powell's remarks [2] Investor Sentiment - U.S. investor demand for crypto has sharply cooled, with spot bitcoin ETFs experiencing a seven-day average outflow of 281 BTC, one of the weakest readings since April [3] - Coinbase premiums for both Bitcoin and Ether have flattened to near zero, indicating that both institutional and retail traders are taking profits rather than increasing exposure [3] On-Chain Analytics - Bitcoin struggles below the short-term holders' cost basis of around $113,000, with long-term holders distributing approximately 104,000 BTC per month [4] - Transfer volumes from long-term holders to exchanges have surged to $293 million a day, suggesting seasoned investors are cashing out amid weakening demand [4] Broader Crypto Market - The broader crypto market reflects fatigue, with Solana falling 8% to $186 despite the launch of the first U.S. spot Solana ETFs [5] - Large on-chain transfers from Jump Crypto to Galaxy Digital have raised speculation about portfolio rebalancing, further dampening sentiment [5] Future Outlook - Traders are closely monitoring the Fed's next move, with a 55% chance assigned to no change in rates, which has increased slightly since Powell's comments [6] - The potential for a change in Powell's stance could arise if upcoming economic data paints a worse picture than currently known, which crypto traders will be watching closely [6]

Group 1: Federal Reserve and Economic Outlook - The Federal Reserve has cut rates for the second time this year, but market reactions are muted due to uncertainty among policymakers about future actions [1] - Jerome Powell has indicated that another rate reduction in December is not guaranteed, despite earlier plans [1] Group 2: Cryptocurrency Market Dynamics - Bitcoin has decreased by 4% in the past 24 hours, remaining just above $110,000, while Ether has fallen by 5% below $3,900 [2] - The head of research at Copper noted that crypto traders had anticipated the Fed meeting, with a focus on inflows to Bitcoin ETFs and institutional buying [2] - Bitcoin's volatility has decreased as the holder base becomes more patient, with Wall Street advisers now allocating significant capital [3] - A potential short-term decline in Bitcoin to $108,000 is possible, but dips are being absorbed by long-term positions [3] - A close above $111,000 is crucial for maintaining the structural pattern indicative of major bull runs [3] Group 3: Market Sentiment and Future Catalysts - Copper highlighted a familiar setup for Bitcoin ahead of the Fed decision, with a "wait-for-catalyst mentality" similar to previous monetary pivots [4] - The price point of $114,600 was identified as critical for a breakout, which has not yet occurred, leaving the market open to bearish tests [4] - Upcoming GDP data is anticipated as a potential catalyst for the crypto markets [4]

🔥 UPDATE: This week, the $BTC ETFs saw $446M in net inflows while the $ETH ETFs saw $244M in net outflows. https://t.co/X4UF4kq1cf ...

More from our FREE State of Crypto x TradFi Q3 2025 reportdrxl.eth (@DrxlEth):Q3 was the first quarter that $ETH ETFs outperformed BTC ETFs in total inflows.Spot ETH ETFs attracted $8.7B in flows, compared to $7.5B for spot $BTC ETFs.These flows, combined with buy pressure from the DATs, sent ETH from $2,484 to $4,379 QoQ, massively outperforming BTC. https://t.co/pe3w2Avfop ...

🚨 ETF FLOWS: US spot BTC ETFs recorded their second-largest weekly outflows last week with $1.23B, while ETH ETFs saw $311.8M of outflows. https://t.co/NSiGVj0IWn ...

🔥 HUGE: The $BTC ETFs still saw an overall net inflow of $2.7B this week.And the $ETH ETFs still saw an overall net inflow of $488M.Zoom out. https://t.co/aST0RLltWU ...

🚨 UPDATE: $ETH ETFs saw $175M in net outflows while the $BTC ETFs saw a net outflow of only $4.5M. https://t.co/t6hcXD5kpI ...

ETF资金流向 - 比特币（$BTC）ETF 在 10 月 9 日录得 1亿9780万美元的资金流入 [1] - 以太坊（$ETH）ETF 结束了连续 8 天的资金流入趋势，出现 870 万美元的资金流出 [1]

Core Insights - Bitcoin reached a new all-time high of $126,000, driven primarily by corporate inflows rather than retail engagement [1][2][3] - The current market dynamics suggest a potential shift in price prediction models, as institutional investments may alter established crypto price cycles [1][6] Group 1: Market Performance - Bitcoin's all-time high has not led to a typical price retreat, as seen in previous cycles, indicating a unique market behavior [2][3] - Despite a slight recede after the peak, investment activity continued, resulting in significant liquidations of short positions [3][4] Group 2: Institutional Influence - Corporate inflows are dominating the market, raising concerns among analysts about a shift from speculative gains to a narrative of monetary panic [3][5] - Bitcoin ETF investments are thriving, with digital asset treasuries reporting $1.3 billion in acquisitions last week, excluding major players like MicroStrategy and Metaplanet [4][5] Group 3: Future Predictions - The approval of Bitcoin ETFs by the SEC in 2024 has led to speculation about whether institutional inflows will permanently disrupt traditional price dynamics [6]

🚨 NOW: U.S. Spot ETFs posted strong inflows Friday.$BTC ETFs added $985M, while $ETH ETFs added $233M. https://t.co/rMLUR6x221 ...