Asia Morning Briefing: Bitcoin Trades at $109K as U.S. ETF Demand Fades and Powell’s Hawkish Tone Hits Risk Assets

Market Intelligence Analysis

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Why This Matters

Bitcoin's price has dropped to $109K due to decreased demand for U.S. ETFs and a hawkish tone from Powell, negatively impacting risk assets. U.S. spot ETF flows have turned negative, and long-term holder selling has been observed. Solana's new spot ETFs failed to boost prices despite inflows.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%

Article Context

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CryptoQuant data shows U.S. spot ETF flows turning negative while Glassnode flags heavy long-term holder selling. Solana’s new spot ETFs drew inflows but failed to lift prices as sentiment weakened after large on-chain transfers.

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Original article published by Unknown on October 31, 2025.
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