SoSo Daily Oct. 2 | BTC spot ETF total net outflow was $242.53M yesterday, the first shift after 8 days of consistent inflow.

According to sosovalue, the price of $BTC is 61,170 USD, a decrease of 4.02% from yesterday. The market cap of $BTC is 1.21 trillion USD, accounting for 53.8% of the total market cap; $BTC's 24-hour trading volume is 53.59 billion USD, making up 34.7% of the total trading volume.
The price of $ETH is 2,455.7 USD, down 6.59% from yesterday; the market cap of $ETH is 295.59 billion USD, representing 13.1% of the total market cap; $ETH's 24-hour trading volume is 26.53 billion USD, comprising 17.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.9% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Pastel. As of 11:55 today, its market cap is 1.34M, with a coin price of 0.00013279 USD, witnessing a 24-hour increase of 133%.
The second is Degen. As of 11:55 today, its market cap is 173.62M, with a coin price of 0.010270 USD, witnessing a 24-hour increase of 126%.
The third is mfercoin. As of 11:55 today, its market cap is 31.55M, with a coin price of 0.031550 USD, showing a 24-hour increase of 25%.
In fourth place is Wormhole. As of 11:55 today, its market cap is 972.63M, its coin price is 0.37730 USD, with a 24-hour rise of 23.1%.
In fifth place is Dego Finance. As of 11:55 today, its market cap is 11.07M, its coin price is 2.0410 USD, increasing by 20.9% over the last 24 hours.


Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 0 are up and 16 are down. Notably, DePIN, GameFi, and Meme sectors are worth mentioning.
DePIN sector has fallen -10.2% relative to the UTC 0 time, led by declines in wsi (-34.1%), MSN (-26.3%), and lamb (-21.1%).
GameFi sector has decreased -10.7% relative to UTC 0, with undead (-33.5%), kap (-20.7%), and cati (-19.2%) leading the drop.
Meme sector has fallen -10.9%, with SC (-26.9%), GUMMY (-26.2%), and aidoge (-19.8%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of October 1th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $242.53M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $5.90M, bringing GBTC's total historical net outflow to $20.10B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $422.31M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $40.84M, with IBIT's total historical net inflow reaching $21.54B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $57.36B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.77%. The historical cumulative net inflow has reached $18.62B.

Source: https://sosovalue.com/assets/etf

Next news:According to reports, Upbit, South Korea's largest exchange, announced that it will launch the Wormhole (W) trading pairs for KRW, $BTC, and USDT on October 2 at 18:00 UTC+8. Wormhole is a cross-chain bridge protocol within the Solana ecosystem.
Next news:Binance will launch U-based DIAUSDT perpetual contracts, with a maximum leverage of 75 times.
Next news:Global equities and risk assets, including bitcoin, were negatively impacted as Iran launched missiles on key Israeli locations, leading to escalating tensions between the two countries.
Next news:The Trump family's cryptocurrency project World Liberty Financial (WLFI) announced on Tuesday that "thousands" have registered for its whitelist since its launch on Monday. The project activated its "KYC" verification service on its website on Monday, stating: "In the U.S., this information is only provided to those who are also certified as qualified investors." Trump posted on the X platform that the whitelist registration for his family's DeFi project World Liberty Financial (WLFI) is open to eligible investors. Due to current U.S. policies and regulatory restrictions, WLFI has established two separate whitelists: one for accredited investors in the U.S. and another for all non-U.S. individuals.
Next news:Last September, a whale that made over 32 million dollars in profit on $ETH deposited 1,500 $ETH into Binance an hour ago. According to on-chain analyst @ai_9684xtpa, the whale 0xAA1...3eE57, which has profited over 32 million dollars from $ETH since September 2023, charged 1,500 $ETH into Binance an hour ago, worth 3.72 million dollars, suspected of selling. This whale currently holds 14,456 $ETH, most of which is staked in various LRT protocols and Pendle.
Next news:According to Wu, QCP Capital's latest report indicates that as the conflict between Israel and Iran escalates, the traditional financial markets have reacted relatively mildly despite the rising geopolitical risks, with the S&P index only dropping by 1% and WTI crude oil rising by 2%. In contrast, the cryptocurrency market has been hit harder, with $BTC declining by 4%, currently finding support at the 60 thousand mark. However, if the situation worsens further, prices could drop to 55 thousand. QCP mentioned that while the Middle East situation is the market's focus in the short term, the demand for risk assets remains strong, and the greater opportunities presented by the global macroeconomic situation should not be overlooked. China's current economic policies are similar to those of Japan in the 1990s, with a significant influx of liquidity and potential fiscal support likely to drive asset prices up, and this optimism may spread to global markets, including crypto assets.
Next news:According to on-chain analyst Yu Jin's monitoring, the address belonging to Sun Yuchen withdrew 21.66 million USDT from Binance one hour ago, which means he has sold all of the 5.37 million EIGEN airdrop he received at an average price of $4.03. Six addresses associated with Sun Yuchen received a total of 5.37 million EIGEN airdrop on the night before last, and yesterday noon, Sun Yuchen transferred these EIGEN to HTX, then immediately transferred them from HTX to Binance.
Next news:According to Wu, Binance announced that it will remove and stop trading the following spot trading pairs on October 4 at 11:00 UTC+8: ACE/FDUSD, FIL/BNB, OP/BNB, and TRB/FDUSD. Binance conducts regular audits of all listed spot trading pairs and may delist certain pairs due to various factors such as poor liquidity and trading volume.
Next news:According to The Block data, in September, Bitcoin miners' revenue in USD was $816 million, marking a low point in the past year. The revenue from Bitcoin network transaction fees for that month was only $13.86 million, the lowest since the birth of BRC-20 in March 2023.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.