TLDR: Falling Bitcoin prices trigger scrutiny of NEAR and Monero
ETF funds flow and weekend rebound point to uneven demand. Bitcoin prices fell 3.6% this week, having previously hit $80,400, before recovering above $83,000 after falling sharply on Thursday. After rising 91.7% monthly, NEAR fell only 0.3% weekly and jumped more than 10% to about $5.25 on October 10. Monero's weekly decline was 1.3%, better than Bitcoin's performance, but price movements alone cannot tell whether trading activity or buying demand caused the difference. Bitcoin ETF net outflow reached US$244 million in a single day, while XRP funds still recorded a net inflow of US$8.2 million even as XRP fell 9% throughout the week.

Falling Bitcoin price triggers scrutiny of NEAR and Monero
此次抛售发生在 BTC 多次尝试收复 87,000 美元失败之后。在本周早些时候跌破 84,000 美元后,比特币于周四跌至 80,400 美元。在几天内抹去近 7,000 美元的涨幅后,买家将 BTC 重新推高至 83,000 美元以上。比特币价格的疲软与 NEAR 和门罗币较窄的周跌幅形成对比。NEAR 小幅的周跌幅需要结合背景来看待。其代币价格在先前一个月上涨了 91.7%。这种上涨趋势会改变人们对周度抛售的看法。即使出现日内回调,也可能使代币在一周结束时接近起始价格。随后,NEAR 在 10 月 10 日上涨超过 10%,达到约 5.25 美元。BTC 价格的反弹展示了随着价格恢复,比较情况发生变化的速度。门罗币 1.3% 的跌幅也与 BTC 相比显得较好。但单纯的轻微下跌并不能表明买家正在积累、持有者处于观望状态,还是交易量稀薄。
ETF 资金流向与周末反弹指向需求不均
The gains in large market cap currencies were not widespread. During the week measured, 13 of the 16 major tokens tracked fell more than Bitcoin. Stellar fell the most, reaching 13.5%. XRP fell 9%, although the XRP fund recorded a net inflow of $8.2 million. At the same time, Bitcoin ETF reported a net redemption of $244 million per day. These capital flows complicate a simple narrative of "need". Aggressive fund subscriptions did not protect XRP from declines. Although the Bitcoin ETF recorded net daily redemptions, the BTC price fell. Bitcoin's market dominance rose to 59.5%, and its market value is approximately US$1.66 trillion. The total value of the crypto market rebounded to approximately US$2.8 trillion after losing approximately US$200 billion from high to low. ETH recovered to close to $2,500 after falling to $2,400, while XRP fluctuated from $1.34 to about $1.41. The rally recovered some of the lost value, but kept the prices of several large tokens below recent levels.

NEAR 和 ADA 引领了较大市值山寨币的日线反弹。Cardano(卡尔达诺)上涨约 7%,收复 0.255 美元关口,而 NEAR 的涨幅领先同行。10 月 10 日,比特币价格维持在 83,000 美元附近,低于周一的 87,000 美元测试高点,但高于周四的低点。这使得本周期的超额表现与快速反弹并列,但并未证实市场领导地位发生了持久变化。这对于比特币价格相对于较小市值代币的表现至关重要。如果交易量清淡,每日变化可能看起来平静,但仅看周回报率无法揭示实际活动情况。相同的结果可能源于稳定的需求、有限的抛压,或者是一次急剧下跌后的反弹。
Disclaimer:
All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.