Meanwhile, the Fed remains in blackout ahead of its October 27–28 meeting, following September CPI at 3.7%.
The bigger picture: US spot $BTC ETFs have now recorded two consecutive weeks of net outflows.
- Previous week: −$679M
- Last week: −$228M
$ETH ETFs also lost ~$320M last week.
So while infrastructure keeps improving and regulatory frameworks move forward, institutional demand has been pulling back. That's the part I'm watching.
Can these catalysts attract fresh capital, or will they struggle to move prices in a market still waiting for buyers?
The technology keeps moving forward. Now we need to see whether the capital follows.