BTC Spot ETFs See $2.98 Billion in Net Inflows Over Seven Trading Days【MEXC Alpha Trader – Daily Market Brief (September 28, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $83,660.00 (-0.96%) | ETH $2,656.13 (-1.67%) | SOL $120.67 (-0.63%)

· Market Sentiment: Funding Rate -0.0018% | Fear & Greed Index 74 (Greed)

· Data Preview: Core PCE on Wednesday and nonfarm payrolls on Friday, among other releases, will be published in quick succession, setting the stage for a repricing of rate expectations. Read more

II. Trading Signals / Key Themes

· [Today's Focus] BTC | Spot inflows and declining exchange reserves emerge simultaneously

· As the market's primary liquidity anchor, spot ETFs recorded net inflows of $2.98 billion over the past 7 trading days, while CEXs saw net outflows of 31,782 BTC.

· Takeaway: ETF inflows reflect demand through allocation channels, while exchange outflows may also include custody migrations. The nature of shrinking reserves still requires validation from continued subscription data.

· Read more: 1 2

· [Unusual Move] BP | Tokenized stock approval catalyzes a repricing of trading expectations

· An on-chain platform received limited approval for tokenized stock trading. BP was quoted at $1.479, up 22.2% over 24 hours.

· Takeaway: The price reaction is primarily driven by expectations of business implementation rather than on-chain operating data. Future valuation will depend on the realization of genuine stock-trading liquidity.

· Read more: 1

· [On-Chain] HYPE | Perpetual futures open-interest share hits a record high as liquidity concentrates on-chain

· As a cash-flow proxy for the on-chain perpetuals sector, Hyperliquid's perpetual futures OI market share rose to 11.4%, a new all-time high.

· Takeaway: OI share reflects the concentration of outstanding positions rather than immediate trading activity. Watch whether it translates into sustained market depth.

· Read more: 1

III. Regulation & Major Developments

· THORChain | A governance dispute has emerged over intercepting funds stolen from Bitget, while Circle has frozen the related USDC. Read more

· Robinhood Chain | 53 token launches over 2 months were linked to suspected Rug Pulls, with $18.43 million directly taken. Read more

· Strait of Hormuz | The transport of nearly 13 million barrels of oil per day is affected by both negotiation and military risks. Read more

IV. Platform-Exclusive Benefits

· Loss Compensation Campaign (Round 3) (Futures)

· Alpha Trader September Welcome Campaign (Futures)

· Alpha Trader September Trading Competition (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Tokenized Stock DEX Volume Hits $20.9B, Uniswap Leads

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