Announcements Gate Research: Bitcoin Spot ETF Sees Net Inflow of $360 Million, Market Strongly Rebounds with Significant Gains Across Multiple Sectors

Gate Research: Bitcoin Spot ETF Sees Net Inflow of $360 Million, Market Strongly Rebounds with Significant Gains Across Multiple Sectors

2024-09-27 12:03:30 UTC 7910 Read

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Gate Research Daily Report: September 27, BTC and ETH performed strongly, rising by 3.19% and 2.01%,respectively over the past 24 hours. BTC is currently testing the $66,000 resistance level. The U.S. Bitcoin spot ETF saw a net inflow of $366 million yesterday, while the U.S. Ethereum spot ETF experienced a net outflow of $680,000. Most altcoins outperformed the broader market, with notable gains in the Cross-chain Communication, BRC-20, and Doge-themed sectors. Avalanche launched a $40 million grant program, paving the way for the "Avalanche9000" upgrade. In the past 24 hours, only one project in the DePIN (Decentralized Physical Infrastructure Networks) sector announced a funding round, raising $10.8 million.

**Market Analysis**: BTC and ETH performed strongly, rising by 3.19% and 2.01%, respectively. The current BTC price is testing the resistance level at $66,000.
**Top Performers**: The most popular tokens in the past 24 hours were REEF, MYRIA, and XEC.
**Data Highlights**: The total liquidation across the network in the past 24 hours reached approximately $142 million, with short position liquidations exceeding $94.76 million.
**Spotlight Analysis**: XION and the Sei Network integration: Driving innovations in cross-chain interoperability and user experience.
**Market Opportunities**: The WCT airdrop aims to reward users and builders who contribute to network development, Web3 growth, and improving on-chain user experience.

Explore today's details  👉🏻 [Gate Research: Bitcoin Spot ETF Sees Net Inflow of $360 Million, Market Strongly Rebounds with Significant Gains Across Multiple Sectors](https://www.gate.io/learn/articles/gate-research-bitcoin-spot-etf-sees-net-inflow-of-360-million-market-strongly-rebounds-with-significant-gains-across-multiple-sectors/4241?ch=GDR_ann_20240927&utm_campaign=TR_NisSqzZn&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Gate.io Team
September 29th, 2024

Gate Research: Bitcoin Spot ETF Sees Net Inflow of $360 Million, Market Strongly Rebounds with Significant Gains Across Multiple Sectors

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