Mixin--Renee
๐ Mixin Daily Market Watch
๐ฐ ETF Flows Still Providing Support
BTC and ETH spot ETFs are still seeing net inflows, with institutional buying helping keep BTC around the $80K level.
๐ BTC Stays in a High-Range
BTC pushed above $81K earlier, but has since pulled back toward $80K.
The latest U.S. jobs data has brought rate-hike concerns back into focus. August nonfarm payrolls came in at 162K, and markets are now pricing in a higher chance of another Fed rate hike.
๐ฅ Altcoins Start Moving
While BTC hasn't made another major move higher, some smaller coins have started to rally sharply.
Money is rotating into higher-beta assets, but the swings are much bigger too. Chasing these moves comes with plenty of risk.
๐ข๏ธ Oil Is Back in Focus
Brent crude is trading around $97, with Middle East tensions and risks around the Strait of Hormuz keeping oil prices elevated.
If oil keeps moving higher, renewed inflation concerns could put more pressure on the Fed and risk assets.
๐ What to Watch
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BTC & ETH ETF flows
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Whether $79K support holds
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September CPI data
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Fed rate expectations
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Oil prices and Middle East developments
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Whether the altcoin rotation continues
โ ๏ธ Risk Reminder
BTC is still sitting at relatively high levels, while macro uncertainty and oil prices are adding some pressure.
Liquidity is thinner today, so there's no need to rush. Keeping positions around 30% and using a stop-loss makes more sense than chasing a sudden move.
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