Bitcoin ETF fund inflows turn positive, but experts warn of defensive changes
--
The inflow of funds into Bitcoin ETFs has turned positive, but experts warn that the market may undergo a defensive shift. （Decrypt）
Loading...
The inflow of funds into Bitcoin ETFs has turned positive, but experts warn that the market may undergo a defensive shift. （Decrypt）
[Analyst Says Outdated Nonfarm Payroll Report Limits Fed Decision-Making] B. Riley Wealth analyst Art Hogan stated that the U.S. September nonfarm payroll report is severely outdated, and the next nonfarm payroll report will be released after the December Federal Reserve rate decision, which limits the Fed's decision-making and does not significantly increase the probability of a rate cut. The market's rise is mainly driven by strong earnings reports from Nvidia and Walmart, reflecting more on corporate profits rather than economic data.
[Analyst: The Federal Reserve may wait for more data, market reactions to the non-farm payroll report are mixed] Principal Asset Management analyst Seema Shah shared her views on the U.S. September non-farm payroll data, stating that market reactions are mixed. The stock market responded positively to the higher-than-expected job numbers, reflecting economic resilience, while the bond market focused on the rise in unemployment rate and slowing wage growth. She believes that the possibility of a Federal Reserve rate cut in December still exists, but the current data is insufficient to prompt action. Although the labor market shows signs of softening, it does not indicate a recession, giving the Federal Reserve time to wait for stronger data support.
[Analysts Expect Four Rate Cuts After the New Fed Chair Takes Office Next Year] On November 20, Infrastructure Capital analyst Jay Hatfield stated that unless employment data is extremely weak, the Federal Reserve is not expected to cut rates in December. He believes inflation is gradually declining and anticipates four rate cuts next year after the new Fed Chair takes office. The 10-year Treasury yield should remain around 4%, which would be favorable for the stock market.
[CME and CF Benchmarks to Launch Two Bitcoin Volatility Indices] CME and CF Benchmarks have announced plans to launch two Bitcoin volatility indices on December 2: the CME CF Bitcoin Volatility Index - Real Time (BVX) and the CME CF Bitcoin Volatility Index - Settlement (BVXS). These indices are based on forward-looking market indicators and are designed to measure the expected 30-day fixed-term volatility of Bitcoin prices. They are not tradable futures products but serve as transparent indicators reflecting the implied volatility of options on CME-regulated Bitcoin futures and Micro Bitcoin futures contracts.
[Over $80 Million WBTC Address Engaged in Looping Long Positions Reduces Holdings for the First Time in 6 Months] On-chain analysis shows that an address looping long positions of over $80 million WBTC through Aave has reduced its holdings for the first time in 6 months. Between May and July 2025, the address cumulatively withdrew 700.19 WBTC (approximately $81.63 million) from Binance, with an average long position price of $116,593. Three hours ago, the address transferred 150 WBTC to Binance for the first time, which, if sold, would result in a loss of $3.734 million. Currently, the address still has 550.2 WBTC collateralized on Aave, borrowing $28.09 million in stablecoins, with a health factor of 1.4. If the price of WBTC drops to $65,436, liquidation will be triggered.