1. Bitcoin Surpasses 110,000 USD, Forecasts Further Increase Due to Low CPI
• BTC increased by 1.32% to 109,317 USD, after reaching a peak of 113,804 USD and a low of 107,393 USD. The market recovered from the flash crash on 10-11/10 (wiping out 600 billion USD), with on-chain data showing strong accumulation from small holders (1-1,000 BTC) and Bitcoin futures rising by 4.44% to 111,410 USD. Investors continue to hedge through put options (strike 115,000/95,000 USD expiring on 31/10), but institutional sentiment is positive following lower-than-expected CPI.
2. Ethereum Increases by 0.3%, ETF Inflow Continues Positive with UK Opening ETN
• ETH rose by 0.3% to 3,878 USD (from 3,849 USD), consolidating between 3,750-4,250 USD with slightly reduced volume. ETF ETH spot inflow was 141 million USD last week, the highest from Fidelity (59 million USD) and BlackRock (42 million USD). The UK FCA lifted the ban on ETN ETH for individuals, expanding products on LSE from 21Shares and Bitwise.
• Highlights: The Fusaka upgrade in November increases data blob 8x for L2; Tether's open-source Wallet Kit supports ETH multi-chain. Forecast: Bitget estimated at 3,896 USD today, CoinDCX targets 4,350-4,500 USD by the end of the month if it exceeds 3,950 USD. The AWS outage last week revealed centralization risks, but ETH continues to lead the altseason with an index of 64/100.
Macro Context
• The market benefits from low CPI (Fed rate cut 91.9%), Trump 'soothes' tariffs (cut from 50% to 15% with India?), but concerns over canceling the Xi meeting create volatility. Gold ATH, crypto gradually decoupling from risk assets; total volume 190 billion USD (up 1.3%), DeFi 13%; altcoin season index 64/100 – potential Q4 bull run with BTC target 125-200k USD if green October repeats (only 5 times in 15 years).
Note: Crypto is highly risky, DYOR before investing. If you need specific coin analysis or charts, let me know!
