🔴 BITCOIN ETFs: $635M OUTFLOW ENDS THE INFLOW STREAK!!
US spot Bitcoin ETFs lost $635.5 million on Thursday, the largest daily outflow since June 25, ending a three-day streak that drew $1.08 billion. IBIT led with $254M, followed by FBTC at $217M and ARKB at $109M....!!!
📉 October's flows are back in the red, at about $175M in net outflows. Ether ETFs lost around $111M, Solana ETFs about $9M and HYPE ETFs about $8M....!!!
🔹️About $435 million in futures positions were liquidated in 24 hours, including $385 million in longs, so leverage was skewed bullish...!!!
🔹️Ethereum ( $ETH ), XRP ( $XRP ) and Solana ( $SOL ) fell more than 4% and Zcash dropped 10.6%. NEAR fell 7.6% to $4.91, more than twice Bitcoin's drop.
We were sitting on a strong bullish wave before US–Iran tensions escalated again and now markets are shifting back into a cautious, defensive structure:
🔹 Geopolitical Shock: Renewed military friction and Gulf shipping threats pushed Brent oil back above $110/bbl triggering riskoff sentiment.
🔹 Leverage Flush: BTC dipped to $82,100 and ETH lost $2,450 as over-leveraged long positions were wiped out in hours.
🔹 FOMC Uncertainty: Traders are de-risking aggressively as oil-driven inflation fears cloud next week's Fed rate decision.
$XRP is sitting at a major technical confluence zone right now:
🔹 Weekly Chart Confluence: Testing key support right near the Weekly MA25 ($1.2729).
🔹 Daily Chart Support: Sitting directly on top of the Daily MA99 ($1.2787) with Daily RSI(6) deeply oversold near 21.9.
🟢 Buy Zone: 1.280 – 1.295
🛑 Stop-Loss Strategy: Reference level around 1.250.
(Note: Avoiding a rigid hard SL to prevent getting wicked out by fast liquidity sweeps. Position will be manually closed if a daily candle closes cleanly below the Daily MA99).