📰 Mid-Week Market Update for /morphers 📰 Markets pulled back from yesterday's high as Bitcoin touched $122K after hitting new records at $126K. The correction was swift but expected after such explosive gains. ➡ Key Flows Today: 👉🏻 Bitcoin ETFs saw mixed action with $24M outflows after massive $875M inflows Monday 👉🏻 Ethereum ETFs continued strong with $421M inflows for 7th straight day 👉🏻 Coinbase Premium Index remains positive, showing sustained U.S. demand ➡ What's Moving: 👉🏻 BNB crushed it - new ATH at $1,336, flipping XRP for #3 spot by market cap 👉🏻 PancakeSwap (CAKE) led gainers with +15% surge 👉🏻 Solana pulled back 5% to $220 after touching $240 earlier this week ➡ Stock Market Movers ⦿ Alcoa (AA) up 5.4% - aluminum producer riding momentum from Q2 earnings beat last quarter, with Q3 results due Oct 22 ⦿ Amylyx Pharmaceuticals (AMLX) gaining 6.3% - biotech bouncing after BofA raised price target to $16 following $175M capital raise that extends runway to 2027 ⦿ AppLovin (APP) recovering 4.5% - mobile ad tech giant rebounding from SEC probe concerns as investors refocus on 77% revenue growth fundamentals ⦿ Digital Turbine (APPS) also up 5.6% as the mobile marketing platform benefits from stronger Q4 results and upgraded outlook despite challenging macro environment. ➡ Market Structure: 😱 Fear & Greed Index sits at 60 (Greed) - healthy pullback from extreme levels ✅ Funding rates turned positive across exchanges, signaling bullish sentiment returning 👌 Exchange reserves at multi-year lows - supply squeeze continues The dip hit right at U.S. market open, classic institutional playbook. BlackRock and other big players likely using any weakness to add more exposure. With ETF assets now exceeding $165B for Bitcoin and $30B for Ethereum, the infrastructure for massive institutional adoption is locked and loaded. ➡ This Week's Volatility Drivers: 💸 FOMC minutes Wednesday - markets pricing 96% chance of rate cuts at Oct 29 meeting 🧐 Government shutdown complicating Fed data access 🎙️ European Blockchain Convention kicks off Oct 15-17 in Barcelona The setup remains bullish despite today's noise ✅ When exchange balances are this low and institutional demand this strong, dips get bought fast. We're seeing accumulation disguised as distribution.