Post
Idrixxx07
Show original
$BTC falling less doesn't mean it's fine
All three coins are dropping together.
$BTC is still at 82500, while $ETH has already fallen below 2500.
First, the conclusion:
A bigger drop doesn't mean the bottom is reached.
$ETH and $SOL are dropping harder than $BTC, indicating the selling pressure isn't on $BTC.
Kithe
$BTC falling less doesn't mean it's fine
All three coins are dropping together.
$BTC is still at 82500, while $ETH has already fallen below 2500.
First, the conclusion:
A bigger drop doesn't mean the bottom is reached.
$ETH and $SOL are dropping harder than $BTC, indicating the selling pressure isn't on $BTC.
Where is the money coming from:
Last Wednesday, three types of spot ETFs saw a total outflow of 1.25 billion USD.
Institutions are withdrawing, not entering.
ETFs are pipes that bring outside money in to buy coins.
When the pipe pumps water out, the coin price loses a batch of fixed buyers.
$BTC has a large market cap, it can withstand some outflow.
$ETH and $SOL have smaller market caps, the same outflow shakes them more violently.
So $BTC holding at 82500 doesn't mean it's strong.
It just means it's heavier and not easily knocked down.
This is where newcomers often misread.
They think $BTC's resistance to falling is a safety signal.
Actually, it's just the last to be affected.
Whether $ETH can recover above 2500 tells more than whether $BTC holds 82500.
#BTC与ETH现货ETF同步流出，机构需求转弱了吗？
#$BTC $ETH
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$80,525.3+0.00%
ETH/USDTEthereum
$2,349.14+0.00%
SOL/USDTSolana
$101.67+0.00%
Today’s market buzz
1#WillFedPauseInOctober
2#BTCETFFlowSwings
3#MiddleEastOilSupplyRisk
