Digital asset investment products attracted a record of $ 5.95 billion in tickets last week, the largest weekly registered, promoted by delayed responses to the weak employment data of the United States and concerns about government’s stability after closing that began on October 1, according to Coinshares.
Bitcoin led with $ 3.55 billion unprecedented in weekly tickets, while Ethereum registered $ 1.48 billion and Solarium He broke his weekly record with $ 706.5 million.
The increase pushed total assets under administration to a historical maximum of $ 254 billion.
The United States dominated regional flows with a $ 5.0 billion record in weekly tickets, while Switzerland broke its own record at $ 563 million and Germany registered its second larger weekly tickets for a total of $ 312 million.
XRP He also saw substantial tickets of $ 219.4 million, although other alternatives attracted a minimum capital.
The Bitcoin Spot ETFs only registered $ 3.24 billion in net weekly tickets from September 29 to October 3, marking the second highest weekly in history, while the nine ETFs of Ethereum Spot registered positive tickets for $ 1.3 billion combined.
The avalanche of institutional capital occurred when Bitcoin established a new AT above $ 125K, after a surprise Payroll data ADP data that shows a loss of 32,000 private jobs in September versus expectations for a gain of 45,000.
The disappointing figures marked the third decrease in four months, which promotes the probability of a federal reserve rate of 25 bases at the next 99%FOMC meeting, according to the CME Fedwatch tool.
Employment openings increased by only 19,000 in August to 7,208 million, near the lowest since January 2021, while the employment -employment relationship fell to 0.98, its weakest reading since April 2021.
The closure of the government and the weakness of the dollar accelerate degradation trade
The closure of the United States government, which began at midnight on October 1 after Congress failed to approve a financing bill, has presented approximately 800,000 federal workers, almost 40% of the Federal Work Force, while another 700,000 workers are working without pay.
The stagnation threatens the generalized interruption, from air trips to public parks, and has delayed the key release of economic data, including employment numbers and inflation reports.
Polymarket tractors predict that the closure will continue until October 15 or later, with 73% selecting that date as the earliest possible resolution.
Political dysfunction has accelerated “degradation trade“As the dollar traces towards its worst year since 1973, more than 10% in the year to date and having lost 40% of the purchasing power from 2000.
According to a report that Cryptonews covered today, Bloomberg analysts described investors fleeing the main currencies for perceived security in Bitcoin, gold and silver as Washington Gridlock buys tax concerns.
The correlation coefficient between gold and S&P 500 reached a record of 0.91 in 2024, which means that the traditional assets of Haven Haven and risk assets moved together 91% of the time, according to Kobeissi’s letter.
Gold has risen almost 47% in the year to date to reach $ 3,924.39 per ounce of Troy on October 7, promoted by more than 1,000 tons of purchases of the Central Bank led by China and India.
La Plata has won more than 60% in the year to date, while Bitcoin increased more than $ 125,000 for the first time on October 5, raising its market capitalization above $ 2.5 billion.
Spot Demand and Ballal Accumulation Support of $ 130K break targets
Taker’s purchase volume in Binance has dominated the sales volume throughout October, surpassing sellers in approximately $ 1.8 billion in volume of futures according to Cryptoquant.
Binance financing rates remain neutral or slightly negative despite the increase in prices, which suggests a quiet accumulation instead of speculative excess.
The Premium Coinbase gap reached $ 92, indicating a strong demand for institutional buyers from the United States willing to pay premiums to acquire Bitcoin positions.
During the same period, Bitcoin Open Interest reached a record of $ 45.3 billion, marking the highest level of leverage ever registered.
The data in the Cryptoquant chain show that Bitcoin enters the fourth quarter with conditions that support a rally after recovering the price of the operator at $ 116,000.
The Bitcoin Spot demand has constantly grown since July at a rate of 62,000 BTC per month, while large address holdings are expanding at an annual rate of 331,000 BTC, compared to 255,000 BTC in the fourth quarter of 2024.
Centralized exchanges report the lowest levels of bitcoin reserves in six years, which is hardening the supply as institutional demand accelerates.
Cryptochand estimates These catalysts could expand the potential range of the fourth quarter of Bitcoin towards $ 160,000- $ 200,000, with the upper limit of the STH-MVRV price corridor that is about $ 130,000, where the profits is historically intensified.
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