CoinShares report: Bitcoin is under pressure from ETF outflows and expectations of rate hikes;CPI may determine the short-term direction
BIBIBI
AT A GLANCE
The report states that BTC over the past 2 weeks, it was broadly flat, while U.S. spot BTC ETF and ETH ETF recorded net fund outflows.
Article
Report: Bitcoin is under pressure from ETF outflows and expectations of rate hikes;CPI data may determine the short-term direction
PANews October 13 news: CoinShares' latest biweekly report shows that BTC after October 5 approached 87,000 USD it retreated to approximately 80,300 USD then rebounded to approximately 83,500 USD over the past 2 weeks, it was broadly flat, still approximately October below last year's peak. Last week, U.S. spot 33%saw net outflows BTC ETF, including a single-day outflow of 679000000 USD on Wednesday, 485000000 USD the largest single-day outflow since June;ETH ETF recorded cumulative outflows of nearly 9 over 700000000 USD。BTC Its correlation with the Nasdaq rebounded to approximately 40%its long-term average, while its correlation with inflation-linked bonds continued to strengthen. On the macro front,September nonfarm payrolls increased by only 29,000 jobs, and the market priced in approximately October for 20%，December approaching 70%；10-year U.S. Treasury yield reached 5.37%, the highest since 2002. Coin...
Key points
01
CoinShares' latest biweekly report states that BTC after October 5 approached 87,000 USD it retreated to approximately 80,300 USD then rebounded to approximately 83,500 USD。
02
BTC Over the past 2 weeks, it was broadly flat, still approximately October below last year's peak. 33%。
03
Last week, U.S. spot BTC ETF recorded net outflows 679000000 USD, including a single-day outflow of 485000000 USD on Wednesday,June the largest single-day outflow since.
04
ETH ETF recorded cumulative outflows of nearly 9 over consecutive trading days. 700000000 USD。
05
BTC Its correlation with the Nasdaq rebounded to approximately 40%its long-term average, while its correlation with inflation-linked bonds continued to strengthen.
06
September Nonfarm payrolls increased by only 29,000 jobs; the market priced in approximately October for 20%rate hikes, with pricing for December rate hikes approaching 70%。
07
10-year U.S. Treasury yield reached 5.37%, the highest since 2002.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
ETF Net outflows mean that more funds exited the relevant funds than entered them. The report's headline suggests that ETF outflows and expectations of rate hikes put pressure on Bitcoin, and states that CPI data may affect the short-term direction; the body also lists BTC prices,ETF fund flows, market correlations, and macroeconomic data. Correlation indicates the degree to which the prices of asset classes move in tandem; it does not by itself prove that one causes changes in the other.
Why it matters to readers
These data reflect recent fund flows in BTC and ETH-related ETF, as well as market expectations for changes in interest rates. For crypto-asset observers, subsequent ETF fund flows, rate-hike pricing, and CPI data may be key indicators for monitoring short-term market changes, but the original text does not provide CPI results.
Beginners should distinguish among price changes,ETF fund flows, and expectations of rate hikes: these are different indicators, and their simultaneous occurrence alone does not establish a definite causal relationship.
Risks and unknowns
The body is truncated at “Coin...”, making it impossible to confirm the report's full conclusions, methodology, and additional notes.
The content is PANews' retelling of the CoinShares report and does not provide the full original report.
The original text does not provide CPI data or market performance following its release; therefore, the short-term direction cannot yet be confirmed.
Related Developments
Loading event timeline…
The original text provides only the month and date and does not explicitly specify the corresponding year in the body.
ETF The specific causal relationship among outflows, expectations of rate hikes, and BTC prices cannot be confirmed solely from the text provided.
Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
