Bitcoin ETF Inflow Streak Tops $2B — Market Talk

1351 ET - Bitcoin ETFs have posted a net inflow of more than $2.3 billion over four consecutive days, with more than $1.7 billion of that reported in the past two days, according to data from Coinglass. Analysts now say the next psychological price level for bitcoin is at $90,000. "We expect the $80,500 or so region to provide the first area of support and then for the $85,000 to 86,500 region to continue acting as resistance until the next range breakout is catalysed," says analysts with Bitfinex in a note. Bitcoin is trading down 2.7% to $83,883. ([email protected])1312 ET - August saw housing inventory in New York state grow, while pending and closed sales both saw a decline, the New York State Association of Realtors says in a report. New listing were up 5.1% year-over-year to 13,640 homes from 12,981 in August 2025. The number of homes for sale in the month was up 8% from August 2025, at 34,037. Pending sales fell 4% from the year ago period, to 9,837 homes from 10,247 in August 2025. Closed sales dropped 1.8% in August from August 2025, to 10,673 homes. The statewide average sales price rose 6.3% in August, to $633,578 from $596,215 in August of last year, the group says. ([email protected])1256 ET - The global crypto economy barely contracted in the 12 months that ended in June despite a roughly 50% drop in crypto asset prices, according to a new report from Chainalysis. Economic activity in the crypto space measured at $9.4 trillion in the year that ended June 30, down just 1.6% from year prior, the report says. The growing diversity of crypto use cases helped to blunt the impact of falling prices, the analysts say. Cross-border stablecoin activity accelerated sharply, person-to-person transfers gained ground globally, and Latin America actually increased its crypto activity, the report says. ([email protected])1252 ET - Inflation in Mexico likely saw a modest pick-up in the first half of September on increases in fresh food prices, while core inflation is expected to remain steady. The consumer price index is seen rising 0.28% in the first two weeks of this month, nudging the 12-month inflation rate up to 3.37% from 3.26% in the second half of August, according to a Wall Street Journal survey of analysts. Core CPI, which excludes perishable foods and energy, is expected to have increased 0.21%, leaving the annual rate unchanged at 3.83%. Statistics institute Inegi is scheduled to report mid-September inflation on Thursday.([email protected])1246 ET - Bitcoin has moved above the cost bases that held it back earlier in the year and remains elevated thanks in part to a pullback in profit-taking, Glassnode analysts say in a note. The current price range between $84,000 and $85,000 has Bitcoin sitting just above a large block of long-term holder supply, the analysts say. Profit taking is a fraction of what it was when the flagship cryptocurrency was at its 2024 and 2025 highs, even though almost all short-term holders are currently in profit, they say. Bitcoin ETF buying is also picking up, while spot volume has more than doubled from its August low, the analysts say. ([email protected])1236 ET - Bitcoin might have more fuel left in the tank to add to its recent gains, says Frederik Theissen of Glassnode in a note. Theissen points to open interest in bitcoin options, which according to data from Deribit shows that call options are building for options at strike prices ranging from $91,000 to $102,000. Trader behavior appears to be signaling that investors are holding onto bitcoin, seemingly expecting further gains ahead. "Profit taking is a fraction of what it was at the 2024-2025 tops, even though almost all short-term holders are in profit," says Theissen. Bitcoin is down 2.6% to $83,985, while ethereum falls 3.4% to $2,657, XRP is down 4.2% to $1.51, and solana is down 2.8% to $114.66. ([email protected])1231 ET - The PMI data signals downstream price pressures remain intense, but it shows a more mixed picture of pass-through to consumers, according to Pantheon Macroeconomics. "The composite PMI input prices index jumped to a 46-month high of 66.1, from 58.9, reflecting the renewed upward climb in energy prices. But the manufacturing output prices index dipped to 59.2, from 59.4," Senior US Economist Oliver Allen says is in a note. He adds that while this still leaves the index consistent with much firmer core goods expectations over the next few months, he still expects upward pressure on core goods inflation from energy prices to be offset by tariff-driven price increases dropping out of the year-over-year comparison. This should dovetail with further weakness in many core services components brought on by slowing wage growth. ([email protected])1134 ET — Gulf non-oil activity is recovering toward prewar levels as businesses adapt their supply chains to regional disruption, S&P Global Market Intelligence says. Aggregate activity across the G.C.C. economies covered by its PMI surveys expanded in August at a pace only just below February's prewar level, as new orders rose sharply and business confidence reached a six-month high. Supplier delivery times also improved for a fourth consecutive month amid better logistics, material availability and greater use of local suppliers. Non-oil activity growth reached a seven-month high in Saudi Arabia and a six-month high in the U.A.E., while output in Qatar contracted further, S&P says. ([email protected])1122 ET - Bitcoin Cash, the product of a 2017 hard-fork of bitcoin, has had an explosive week--gaining 57% in the past seven days, according to data from Coinglass. Pushing the alternative blockchain up are plans from the CME Group to launch futures contracts for both Bitcoin Cash and Uniswap starting next month. The last time Bitcoin Cash traded this high was in late May. BCH is up 6.3% to $344.89, according to Coinglass data. Other major cryptocurrencies are mostly trading negative, with bitcoin down 1.9% to $84,577, ethereum off 2.7% to $2,677, XRP losing 2.7% to $1.53, and solana back-tracking 2.4% to $115.09. ([email protected])1119 ET - Yields on U.K. government bonds, or gilts, climb to their highest in more than a week due to accelerating oil prices and increased prospects of the Bank of England raising interest rates at future meetings. Brent crude climbs 2.4% to $101.18 a barrel, reversing recent declines. Markets price in a 71% chance of a BOE rate increase in November, up from 66% probability priced in earlier in the session, LSEG data show. Two-year gilt yields hit 4.898%, while 10-year gilt yields rise to 5.329%, both 9-day highs, LSEG data show. ([email protected])1052 ET - Treasury yields reach new highs amid signs that U.S. economic growth is strong, which means the Fed will likely need to raise interest rates to cool down inflation. September PMI readings come in higher than expected for both manufacturing and services, while the OECD boosts its global GDP growth forecast. Economic expansion adds to other forces driving yields higher, Ninepoint's Mark Wisniewski says. They include worries about U.S. government spending, inflation fears and large debt issuance by AI hyperscalers. The 10-year rises to 5.060% and the two-year to 4.868%, both on pace to settle at multi-year highs. ([email protected]; @ptrevisani)1051 ET - U.S. Treasurys would face a fresh round of selling pressure if renewed hopes for a diplomatic breakthrough in Iran prove to be misplaced, BMO Capital Markets' Ian Lyngen says in a note. President Trump is touting a "very good meeting" between the U.S. and Iran, along with plans for another one in the near future, raising hopes that an end to the conflict could be coming, Lyngen says. But it remains unclear if any progress has been made toward a formal deal to reopen the Strait of Hormuz, he says. If talks break down, a rebound in energy prices would weigh on Treasurys, Lyngen says. ([email protected])