$BTC $ETH

Every afternoon at 3 PM, after tea and meals, let's chat about the happenings in the B circle!

BTC+ETH Information:

BTC and ETH fell about 5% last night and today!

Contract Holding Data: 135.04 billion

24-hour Liquidation: 420 million (considered a relatively large liquidation day)

Bitcoin spot ETF had a net inflow of 4,584 coins yesterday (BlackRock bought the most, GBTC sold the most)

Ethereum spot ETF had a net inflow of 36,300 coins yesterday (Etha bought the most)

Sector Rotation:

Apart from platform coins, everything else is down (BGB, LTC, HARB)

Macro News:

A crucial battle for interest rate decision at 3 AM!!!

Focus:

Binance Alpha is definitely the hottest today, 5 Alpha projects will be announced at 6 PM, it seems there was recently false news about the Solana ecosystem's RIF, which surged by 60% in an instant!

1. The market continues to adjust today, and uncertainty remains about whether there will be an interest rate cut in the meeting at 3 AM tomorrow. Many people are taking profits before the meeting for fear of surprises. This is quite normal; although the probability of a rate cut has returned to 95%, no one can say it's 100%!

2. Regarding ETF data, excluding the two large funds IBIT and ETHA, the data for this week has been gradually decreasing. Off-site institutions may also be waiting for a big opportunity, and there's no urgency to operate recently. The recent decline in altcoins is quite noticeable, but we believe it hasn't reached a price where it can be bought at the bottom.

3. There are rumors in the market that the Bitcoin Policy Research Institute has drafted an executive order on Bitcoin strategic reserves for President Trump. If Trump takes office, he will likely sign it. Whether Trump's promises can be fulfilled will be seen after he takes office.