BTC held $105,500, consolidating near critical inflection after rebounding from $100K.
ETH stayed steady at $3,500, while SOL and BNB dipped 1–2%, showing selective rotation into majors.
Spot volumes up 22.6% to $14.1 billion, signaling improving market participation and liquidity. Futures open interest fell 2.6%, confirming ongoing deleveraging and cleaner positioning.
ETF demand remains mixed, but spot accumulation is picking up, led by Strive’s $162 million BTC purchase, Strategy’s $50 million BTC addition, and Bitmine’s 34% increase in ETH holdings.
Macro backdrop stabilizes: U.S. government reopens, tariff deals progress, and Treasury offers clarity on crypto staking regulation.
Momentum building, but upside capped near $108.5K–$111K unless inflows accelerate.
An implant that read recovery phrases off the screen and sent them out over LTE has been linked to more than $86 million in suspected thefts, and a second tampered device has now surfaced in Singapore.
Headline and core CPI both came in a tenth above forecasts, and Bitcoin slipped below $82,000 as traders raised the odds of a second consecutive rate increase at the Fed's Oct. 27–28 meeting.
Tiger Research's Q3 data shows the rebound's capital went into tokens and ETFs, while the money that did reach crypto companies came increasingly from exchanges, lenders and public markets instead of the lead VCs that set terms in past cycles.
The trade settled a two-year note within minutes and pledged it as overnight collateral, a test of whether tokenization can shorten the gap between buying a bond and financing it.
