Bitcoin and Ethereum Move Sideways as Spot Bitcoin ETFs Post Inflows
Bitcoin and Ether held steady near technical benchmarks while crypto exchange-traded funds posted contrasting flows.
Bitcoin and Ethereum traded in a sideways range around key technical levels as market participants awaited the next directional catalyst. On October 1, U.S. spot Bitcoin exchange-traded funds recorded $102.7 million in net inflows, driven primarily by BlackRock's IBIT with $195.6 million, while Ethereum funds saw $55 million in net outflows.
Over the past 30 days, large holders accumulated roughly 75,000 BTC, even as a market dip triggered approximately $250 million in liquidated long positions. Traders continue to monitor trading volumes and upcoming macroeconomic data for further market direction.
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