For this Bitcoin move, I think the most worth watching isn’t that it touched $87,000 again. It’s that the money has really come back. U.S. spot BTC ETFs saw approximately $6.34 billion in net inflows in Q3, compared with approximately $5 billion in net outflows in Q2. The difference between the inflows and outflows was more than $10 billion. 😂What’s even more interesting is that BTC itself also rose by approximately 43% in Q3. So for now, I’m not inclined to turn bearish too easily on this round. Rising prices aren’t scary; what’s truly difficult to short is when new money keeps flowing in as prices rise. $87,000 is still the hurdle. If it truly establishes a foothold here, I feel the question afterward won’t be “how much further can the rebound go?” It will be whether the market should start recalculating the bull market again. $BTC

Ethereum Outpaced Bitcoin, But its Liquidity Took a Hit Ether gained 70% in the third quarter, beating Bitcoin’s 42% rise, according to CoinGecko. $BTC Yet ethereum:native’s median daily market depth fell sharply compared with the same period last year. Ether held only 35% to 45% of Bitcoin’s market depth between July and September. ETH had roughly $13 million to $14 million in orders within 0.15% of its market price. $ETH CoinGecko said ETH remains liquid, with most exchanges holding over $1 million per side. Source: CoinGecko