BTC reclaimed support at $110,000 and trades near $111,200 after a modest intraday lift; ETH edged toward $4,000.
Spot flows mixed: Bitcoin ETFs recorded a $20.33 million net inflow (BlackRock IBIT led with $108 million). On the other hand, Ethereum ETFs saw another day of outflows worth $128 million.
Long-term holders are still distributing, however, the Dolphin cohort (100–1,000 BTC) now holds ~26% of supply and remains the marginal buyer.
Elevated open interest can amplify volatility with key liquidation clusters sitting above $114,000.
Macro shock: U.S. government shutdown enters day 24; ADP suspended data sharing to the Fed, with policymakers facing an unprecedented information vacuum ahead of the October FOMC.
The investment migration industry's flagship crypto report leads with Singapore topping its adoption index, but the more revealing numbers are a client base that may have shrunk by a fifth since 2024 and a quiet admission that onchain history alone can't prove where crypto wealth came from.
The group-wide framework scales a model RBI's chief executive first rolled out at a regional Austrian Raiffeisen bank in 2024, though no countries, assets or launch dates have been named.
The deal gives the NYSE's yet-to-launch 24/7 digital trading venue a second major crypto exchange as a distribution partner after OKX, with regulatory approval and a launch date still outstanding.
The altcoin market has crossed a key technical threshold, but weak relative performance against Bitcoin suggests the long-awaited rotation has yet to arrive.
