Crypto Pullback: BTC Holds, ETH Slightly Down
The crypto market weakened on Tuesday, with Bitcoin remaining near its all-time high after briefly breaking through $125,000–$126,000 earlier in the week. Ether also experienced a slight decline, holding above $4.6,000, while BNB hit a new all-time high around $1,200. Flows into US spot Bitcoin ETFs surged again—around $1.1–$1.2 billion net on Monday—supporting the broad rally in major crypto assets.
Fundamentally, the hedging narrative (“debasement trade”) and institutional demand remained dominant. The prolonged US government shutdown delayed the release of official data, leaving market participants reliant on alternative signals while assessing central bank policy—a backdrop that historically favors riskier/supply-constrained assets like Bitcoin. At the same time, the surge in flows into ETFs bolstered liquidity and buying sentiment around record levels.
However, traders remain wary of short-term volatility. Historically, surges in ETF inflows approaching $1 billion often coincide with local peaks before the market consolidates; This scenario could repeat itself, although the core trend remains constructive. The altcoin sector is moving in a mixed manner: some are following BTC's rally, while ETH occasionally lags relative to Bitcoin, making its momentum susceptible to volatility if inflows slow. Future market focus includes the duration of the US shutdown, daily ETF flows, and central bank comments affecting the dollar and risk appetite.
Source: Newsmaker.id
