Where is the money flowing?
$BTC and $ETH holdings have seen a combined net inflow exceeding $1.15 billion over the past seven days, with $BTC accounting for 60% of that. On 9/19, both saw simultaneous volume surges, with $BTC gaining +$460 million and $ETH +$566 million in a single day. Smart money is very likely positioning for a rebound.
Regarding fees, $BTC's rate has moderately risen from 0.0065% to 0.01%, still below the overheating zone; $ETH has shifted from negative fees to positive, indicating shorts being squeezed out and longs just taking over. Neither side is overcrowded, so the entry window remains open.
What's happening outside?
The super central bank week just passed. The Federal Reserve raised rates from 3.5%-3.75% to 3.75%-4.00%, and mentioned another hike by year-end. Despite the rate hike, the market actually breathed a sigh of relief: the Nasdaq rose +0.39%, the Dow fell -0.18%, marking three consecutive weekly declines. The A-shares performed well, with the Shanghai Composite up +0.94% back to 3,911, and the ChiNext Index up +2.25%, signaling a full return of growth sectors.
Good news on the crypto side: ETF funds are flowing back in, the SEC has approved tokenized stocks, and $BTC has reclaimed the 80,000 level. The Senate's CLARITY Act not passing was a minor hiccup already priced in by the market. The Middle East conflict continues, pushing oil prices up amid inflation, but this has little short-term impact on crypto prices.
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