Gate Weekly Industry Review: Bitcoin and Ethereum ETF Fund Flows Heat Up, Altcoin Season Index Rises

Last week (August 25 - September 1), Bitcoin (BTC) and Ethereum (ETH) ETF fund flows continued to be strong. Although the market retreated from its highs, the funding aspect remained resilient. Altcoins performed lackluster, and market sentiment turned to fear, but the alt season index rebounded to 51, indicating possible signs of fund rotation. This week (September 1 - September 7), multiple potential catalyst events are expected on the macro and project side, which may become a turning point for the market.

Last Week’s Market Review (August 25 - September 1)

BTC: Consolidating with steady ETF inflows

ETF net inflow: 440 million USD

Price range: $107,000–$113,000 narrow fluctuations

Market share: 57.3% (unchanged from last week)

Retracement: A drop of 13% from the historical peak in August, which is a normal pullback after a surge.

ETH: Strong capital inflow, outperforming BTC

ETF net inflow: 1.08 billion USD

Market Share: 14.2% (unchanged from last week)

ETH/BTC exchange rate: 0.041

Retracement: down 11% from the historical high in August, the market is waiting for further validation.

Alts: Lack of New Narrative, Sentiment Turns to Fear

Overall performance: Follows the rise and fall of the market, lacking collective themes.

Market sentiment: Entering a state of fear

Alt season index: 51 (showing signs of strength)

Important Events This Week (September 1 – September 7)

Macroeconomics

U.S. Non-Farm Data (September 5)

Importance: Could trigger significant market fluctuations.

Potential Impact:

Strong data → Interest rate cut expectations cool down → Suppress risk assets

Weak data → Interest rate cut expectations rise → Boost the crypto market

Project Overview

WLFI launches on the Ethereum mainnet (September 1)

Early investors will unlock 20% of the tokens.

Pay attention to the market selling pressure and liquidity changes after the unlock.

Sui (SUI) token unlock (September 1st, 8 AM, Beijing time)

Unlock quantity: approximately 44 million coins (accounting for 1.25% of the circulating supply)

Unlocking value: approximately 145 million USD

Potential impact: If demand is insufficient, short-term prices may come under pressure.

Gate Analysis and Strategy Recommendations

Short-term Strategy (1–2 weeks)

BTC: Looking for buying opportunities in the $107,000–$105,000 range, target $113,000.

ETH: A pullback to around $4,360 can be used to accumulate in batches, target $4,500.

alts: Pay attention to the changes in the alt season index and choose targets with good liquidity and clear themes.

Mid-term Strategy (1–3 Months)

If it weren’t for favorable agricultural data and macro policies, BTC and ETH are expected to restart their upward trends.

The continuous inflow of funds into ETFs will be a core support for the bulls.

Conclusion

Last week, the fund inflow into BTC and ETH ETFs indicated that institutional capital remains optimistic about the crypto market, but the price pullback and the shift to fear sentiment remind investors to remain cautious. This week’s non-farm data, WLFI mainnet launch, and SUI unlock will be important windows to observe the flow of funds and market risk appetite.