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Key Takeaways
- On September 8, there was a net inflow of $368 million to Bitcoin spot ETFs; while ETH ETFs saw a net outflow of $96.7 million, marking six consecutive days of outflows.
- The 1-month 25-delta skew for BTC is rising. Strong put demand is consistent with institutional hedging into ETF/DAT flows.
- Gold hit $3,630/oz (new ATH), as markets brace for US PPI on Wednesday and CPI on Thursday.
- BTC trading near $113k; daily close above $113k would be highly significant. Immediate resistance still lies at $113.5–$114k with key downside liquidity near $109k–$107k. ETH support holds firm at $4.25–$4.30k, while resistance lies overhead at $4.48–$4.50k.
