Bitunix: 80% of top 300 tokens fell in the week of Oct 17–23
- —Median weekly return for the top 300 tokens was −3.98%, versus −0.71% for BTC
- —STRK fell 39.2%; ADA, NEAR and SUI each lost more than 5%
- —Spot BTC ETFs bled $635.6 million on Oct 22 after inflows of $526.7 million and $524.8 million
- —Brent rose 6.8% and the Nasdaq fell 2.6% on Oct 22
Why it matters: The breadth of the selloff underscores altcoin weakness; the Fed decision on Oct 28 and PCE data are needed to defend $80,000.
Source: BeInCrypto BR