$500M Flows MIA for Month: Crypto Daybook Americas
Crypto markets dropped following a Fed rate cut, with U.S. spot ETFs seeing no day with over $500M in net inflows for a month.Summary
Bitcoin fell to $90,000, dragging the broader crypto market down, with the CoinDesk 20 and 80 indices dropping over 3.5% due to hawkish forward guidance after a 25 basis point Fed rate cut. A key concern is the lack of significant spot ETF inflows, as there hasn't been a single day of over $500 million in net inflows since November 11, a marked slowdown from previous periods. Despite this, large holders (10–10k BTC wallets) have accumulated about 42,565 BTC since December 1, signaling smart-money accumulation. In other news, Ethereum co-founder Vitalik Buterin endorsed Fileverse, a decentralized document platform. The day's agenda includes the sentencing of Terraform Labs co-founder Do Kwon and the launch of the Talus Network token.
(Source：CoinDesk)