Key takeaways
- U.S. CPI (September) came in cooler at +0.3% MoM, triggering a global risk-on rally in equities and crypto.
- Bitcoin is consolidating above $113,000 (spot ~$114,200) as the total crypto market cap holds at $3.86 trillion.
- ETF inflows return: BTC ETFs +$149 million, ETH ETFs +$134 million on Oct. 27 for a bullish start to the week.
- Derivatives reset continues: leverage reduced, funding turning positive, volatility compressing ahead of the Fed decision.
- Market tone is improving but participation still muted; accumulation remains selective rather than broad-based.
