Derived from TechFlow, the 10th week of October saw a market rebound driven by softer-than-expected U.S. CPI data and improved Sino-U.S. relations. Bitcoin rebounded above $115,000 due to ETF inflows and short covering, while DeFi and AI sectors led the recovery. The VIX dropped to 16, Treasury yields declined, and the S&P 500 rose 1.9%. Stablecoin supply increased for the first time since September, and ETF inflows continued to support demand. Perpetual futures markets showed positive funding rates, indicating capital returning to the market. Institutional developments included JPMorgan allowing BTC and ETH as collateral and Coinbase acquiring EchoDot for portfolio management.
Wintermute 10th Week of October Macro Review: Soft CPI and Improved Sino-US Relations Drive Risk Asset Recovery
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