September 17 Morning Market Brief

$BTC approximately $76,200, $ETH

approximately $2,470; the market saw a recovery after the Fed's rate hike, but overall sentiment remains cautious

① The Fed raised rates by 25bp to 3.75%-4%, its first rate hike in over three years, while 16/18 officials expect at least one more hike this year, keeping short-term liquidity conditions tight

② ETF funds have clearly retreated: on September 15, BTC spot ETFs saw net outflows of $450 million, while ETH saw outflows of $141 million, totaling nearly $592 million—the largest single-day outflow recently

③ The key short-term level for BTC remains around $76,000. If it fails to hold, the market may continue testing lower support; regulatory news is also having a visibly growing impact on Crypto compared with macro factors

④ The 10-year US Treasury yield remains around 5%, with high interest rates continuing to pressure risk assets. Oil prices also remain elevated, and inflationary pressures have not disappeared for now

⑤ The AI sector rebounded, with Nvidia rising approximately 1.6% yesterday. AI infrastructure stocks also recovered, but debate over AI's cash burn and capital expenditures continues

⑥ Web3 financing continues to concentrate on stablecoins, RWA, and institutional infrastructure. Recently, Velocity, Finloop, and Kaiko raised nearly $100 million+ in total, with capital increasingly favoring areas “capable of generating real financial demand”

This is no longer a market driven solely by rate-cut expectations. ETF flows, the $76,000 support level, 5% Treasury yields, and regulatory progress are the key factors to watch next

#Gate广场中秋团圆局 # The Fed is about to announce its rate decision