Market Overview
Majors drifted lower into the Friday close, with bitcoin ending the session at $84,474, down -0.4% ↓ on the day and -0.6% ↓ on the week. Ether led the softness, slipping -1.5% ↓ to $2,665.64 and failing to defend the $2,700 handle it reclaimed earlier in the week. Solana was the standout, giving back just -0.3% ↓ intraday but holding a +9.2% ↑ weekly gain at $118.02. The split tape — bitcoin and ether sliding while SOL and XRP outperform on a weekly basis — points to selective rotation rather than a broad risk-off move.
Asset Price Analysis
Bitcoin spent the session rangebound between the mid-$84Ks and $85K, unable to reclaim the round number that acted as support earlier in the week. The 30-day picture remains constructive at +13.7% ↑, so Friday's slip reads more like consolidation than reversal. Resistance sits at $85,000; a loss of $84,000 on heavy volume would open the door to a retest of the $82K area that framed last week's lows.
Ether was the clearest underperformer, down -3.7% ↓ on the week and now sitting on a monthly gain of just +3.7% ↑ — a sharp relative lag versus bitcoin's 30-day performance. The ETH/BTC cross continues to grind lower, consistent with the ETH-specific redemption pressure visible in Thursday's fund tape.
Solana closed at $118.02, holding the breakout from the $110 shelf that defined most of September. The weekly +9.2% ↑ and monthly +15.6% ↑ gains leave SOL as the strongest major on both horizons. XRP at $1.48 slipped -1.3% ↓ intraday but remains +8.4% ↑ over 30 days.
ETF Flows — Prior Settled Session
Issuer reports for Friday have not yet settled; the most recent complete tape is Thursday, October 1. According to InflowScan data, that session logged +$39.1M ↑ in aggregate net inflows across the complex, with BTC, ETH, and SOL funds reporting in full and 8 of 9 XRP funds in (XRPK still settling).
The composition is the story: IBIT absorbed nearly $193M of fresh demand while FBTC and GBTC collectively shed over $90M, suggesting fund-level rotation within the BTC complex rather than net capitulation. FETH's $26.6M redemption is consistent with the ETH relative-weakness visible in spot. Friday's settled figures will print in Monday's pre-market brief.
Stablecoin Pulse
Dry powder tilted modestly higher Friday. USDT supply expanded by +$327M ↑ to $184.1B, while USDC contracted -$76M ↓ to $74.1B — a net aggregate build of roughly $251M across the two majors, according to InflowScan data. The pattern is consistent with sidelined capital accumulating during the pullback rather than being deployed into spot.
Outlook
Monday's pre-market brief will carry Friday's settled ETF tape — the key read is whether IBIT sustained its Thursday pace or whether the broader BTC complex rolled to net outflows alongside the price slip. Levels to watch into the weekend session: $84,000 and $85,000 for bitcoin, $2,700 reclaim for ether, and whether SOL defends the $115 shelf that has anchored its October advance. The ETH/BTC cross continues to deserve attention given the asymmetric fund flows.