Market Overview
| Asset | Level | 1d Change | 7d Change | 30d Change |
|---|---|---|---|---|
| Global Crypto Market Cap | $3.23T | -1.05% | – | – |
| BTC | $95,061 | +0.94% | -10.32% | -11.32% |
| ETH | $3,188 | +3.07% | -10.67% | -18.06% |
| Dow Jones | 47,147 | -0.65% | -0.35% | +0.83% |
| S&P 500 | 6,734 | -0.05% | -0.91% | +0.27% |
| Nasdaq | 22,901 | +0.13% | -2.55% | +0.53% |
| VIX | 19.83 | -0.85% | +10.11% | +19.10% |
– US markets closed mixed with the S&P 500 flat, Nasdaq up 0.1%, and Dow down 0.7% as investors reassessed Fed rate cut expectations now below 50% for December (down from near-certainty in October) following hawkish comments from Fed officials, while attention turns to Nvidia’s Wednesday earnings report with options pricing a 6.2% swing (its highest implied move in a year) as a crucial test for AI valuations, and Bitcoin tumbled below $95,000 for the first time in six months barely clinging to year-to-date gains after hitting a record $126,000 in early October, while Treasury yields climbed 3 basis points to 4.15%.
– European markets fell 1.0% with the Stoxx 600 declining, while UK’s FTSE 100 dropped 1.1% with banks down 2.4% marking their worst day in months led by UniCredit, Santander, and HSBC amid speculation about tax hikes ahead of the upcoming budget.
– The Trump Administration is lifting some tariffs on food imports, including beef and coffee, in an effort to ease prices.
– Japan’s gross domestic product contracted by 0.4 percent on quarter in the third quarter of 2025, following a 0.6 percent expansion in the previous quarter.
– A top policymaker has warned that a run on stablecoins linked to US assets could become ‘systemically relevant’ and force the ECB to reconsider its interest rate policy.
US Spot ETF Flows
| Asset | Daily Inflow | Daily Change | Weekly Inflow | Total Assets | Daily Volume |
|---|---|---|---|---|---|
| BTC ETFs | $-492.1M | -43.4% | $-1.1B | $125.3B | $7.0B |
| ETH ETFs | $-177.9M | -31.5% | $-728.6M | $20.0B | $2.0B |
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
| Liquidation Type | Value | % of Total | 24h Change |
|---|---|---|---|
| Total Liquidations | $601.59M | – | $+458.73M (+321.11%) |
| Shorts | $219.91M | 36.6% | $+163.74M (+291.48%) |
| Longs | $381.68M | 63.4% | $+294.99M (+340.31%) |
| BTC | $243.53M | 40.5% | $+217.18M (+823.98%) |
| ETH | $170.16M | 28.3% | $+137.55M (+421.80%) |
- ARK Invest, the investment company led by Cathie Wood, has made its first purchase of Circle shares since selling 1.7 million shares in June.
- Canary Capital’s XRP ETF posts highest day one trading volume out of all 900+ ETF launches in 2025, and recorded nearly $250 million in inflows.
- Tether is expanding its commodity-trade lending after deploying $1.5 billion in credit to commodities traders through its Trade Finance unit in both cash and USDt stablecoin for agricultural products and oil, with CEO Paolo Ardoino saying “we are going to expand dramatically” according to Bloomberg, as the company leverages its $184 billion USDt circulation (60% of the $300 billion stablecoin market per DefiLlama) to diversify beyond stablecoins into trade finance, commodities, and AI, while also holding over 100 tons of physical gold through its Tether Gold product.
- In a Friday X post, Michael Saylor of Strategy said that there was “no truth” to a report claiming that Strategy reduced its overall Bitcoin holdings by about 47,000 BTC, or $4.6 billion at the time of publication. Saylor said the company was continuing to buy Bitcoin as the price dropped by more than 4% in less than 24 hours.
- Bitmine has become the largest ether treasury in the cryptocurrency industry, holding around $11 billion worth of ether as of this week.
- Ark Invest has boosted its crypto holdings by buying $5.8 million in Bitmine and $2.9 million in Bullish shares amid a market dip.
- Harvard University tripled its BlackRock Bitcoin ETF (IBIT) stake to 6.8 million shares worth $442.8 million as of September 30 (up from 1.9 million shares worth $116.6 million in August), making it the 16th-largest IBIT holder and representing 1% of Harvard’s $57 billion endowment according to Friday’s regulatory filing, while it also nearly doubled its gold exposure through SPDR Gold Shares to $235.1 million and added positions in major tech companies.
