ilqdty daily2 min readRead the latest
etf buyers had a record week on solana and bought bitcoin every single session
every major coin still closed the week lower, so someone big is selling into all of it.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 82,878 | -1.8% | -4.4% |
| $ETH | 2652.4 | -1.3% | -4.5% |
| $SOL | 118.4 | -2.9% | -0.5% |
| BTC.D | 58.7% | ||
| F&G | 74 greed |
01Crypto4 stories
- spot solana etfs pulled a record $188M in a week, two thirds into bitwise@CoinDesk
- bitcoin etfs took in $2.4B over seven straight days of inflowsdecrypt
- sec staff said a token buyback on a working network does not create a securitydecrypt
- thorchain refused to block wallets holding money from bitget's $387.5M hack@Cointelegraph
02Macro2 stories
- brent jumped 2.6% to $107 after trump rejected iran's plan to reopen hormuzthe national
- australia's central bank hikes tuesday, expected 4.6%, its highest since 2011bloomberg
03Trends3 stories
- pons, the launchpad on robinhood chain, out-earned solana's pumpfun over the last 7 days, $14.3M against $13.2Mdefillama
- one group of wallets took $18.4M out of 53 robinhood chain launches, mostly through ponsthe block
- on solana, $e/acc did $26.6M of volume on a $10.6M market cap and is up 110%
04Today2 stories
- 9:45 ET, chicago pmi, the regional factory read before thursday's national ism survey
- bowman and barr speak, the first fed voices since the september 16 hike to 3.75% to 4.00%
05My view
the buyers who showed up last week came in through brokerage accounts, and they bought into a week of falling prices. that is a bid running on a schedule, and it is the kind that stays.
the risk is the ten-year treasury yield at 5.18%. stocks hide behind ai earnings when the discount rate climbs and coins have nothing to hide behind. wednesday's pce inflation print settles the next move, core ran 3.3% in july and a hot read puts another hike back on the table.
i drop the constructive read if those fund flows turn negative three days running while oil keeps climbing. short of that, a patient buyer against a nervous seller is a decent way to walk into a quarter.
quarter ends wednesday, jobs report friday. not a week to sleep through. lock tf in.