BitcoinBTC-USD
± Mixedrelevance
Article reports mixed Bitcoin signals: 14,000 fewer 1+ BTC wallets and ETF inflows of ~$2.9B, with price unable to hold above $86,000, but no single stated cause.
Impact on assets 1
Others
BitcoinThe number of Bitcoin wallets holding at least 1 BTC fell by about 14,000 between September 16 and October 1, dropping from roughly 985,000 to about 971,000. The data, reported by CoinGlass, suggests holders may have sold or reassessed their positions as the price rose nearly 50% from its August 19 level to approach 87,300 dollars. Meanwhile, U.S. spot Bitcoin ETFs saw net inflows of about 2.9 billion dollars between September 17 and 30, with another 134.4 million dollars flowing in during the first two business days of October. U.S. nonfarm payrolls for September, released on October 2, rose by 29,000 from the previous month, far below the market forecast of 90,000, while the unemployment rate climbed to 4.2% and average hourly earnings growth slowed to 0.1% month over month, strengthening the view to 85% that the Federal Reserve will hold policy rates steady at its October 28 meeting. Bitcoin, however, remained below 85,000 dollars and was unable to clearly break through and hold above 86,000 dollars.
BitcoinArticle reports mixed Bitcoin signals: 14,000 fewer 1+ BTC wallets and ETF inflows of ~$2.9B, with price unable to hold above $86,000, but no single stated cause.