Markets
What to know:
- Behold! U.S. spot bitcoin ETFs, after a week-long bout of financial constipation, sputtered back to life with $240 million in inflows-breaking a six-day outflow drought! 🐎💨
- The ongoing government shutdown, a bureaucratic farce worthy of a Gogolian opera, continues to sap market confidence like a vampire at a blood bank. 🧛♂️📉
Thursday’s $240 million inflow into U.S. ETFs, according to Farside, marks the first positive flow since Oct. 28-a mere flicker of hope in a sea of financial chaos. 🌊🔥
No outflows? Impossible! Yet here we are, with ETF providers finally taking a breath after six days of financial hemorrhaging. The longest outflow streak (eight days) remains a haunting specter, though history whispers it might herald a market bottom. 🕯️👻
Since the government shutdown began, ETF flows have danced to the tune of negativity, save for a brief October rally when bitcoin briefly pirouetted from $114,000 to $126,000. Now, it plummets to $100,000-a 11% drop, while Nasdaq and gold laugh in its face, rising 2% and 4%. 🤡💸
As the shutdown drags on, market confidence wilts like a sunflower in a hurricane. Risk assets, including bitcoin, now cower in fear, their liquidity evaporating faster than a mirage in the Sahara. Recall 2018-2019? A similar shutdown once marked a market bottom-though this time, the “bottom” might just be a cliff. 🌪️🪂
Polymarket, that oracle of uncertainty, gives a 50% chance the shutdown stretches beyond Nov. 16-a scenario that could bury bitcoin and crypto under a mountain of despair. 🏔️🪦
Bitcoin’s current 21% plunge over 31 days? A polite trifle compared to April’s 79-day, 32% tariff-driven selloff. One wonders: is this the calm before the storm, or merely the storm’s warm-up act? 🌀🎭
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2025-11-07 14:29