|
Crypto |
BTC |
ETH |
|
Weekly High |
$ 115,957 |
$ 4,232 |
|
Weekly Low |
$ 106,786 |
$ 3,708 |
October closed as a “red month” for both BTC and ETH – the first negative October for BTC in seven years – amid broader risk-off sentiment from tariffs and macro jitters. Early-week U.S.-China talks fueled a risk-on rally, with BTC/ETH up 3.4%/6.1% on Oct 27. But Fed Chair Powell's Oct 29 comments suggesting the 25bps cut might be the last of 2025 triggered a 1.6%/2% dip, amplifying tariff fears (100% on Chinese goods effective Nov 1). Onchain activities observed that small and mid-sized BTC holders continued to accumulate in early October, and then mixed but net neutral to modestly positive accumulation last week.
Upcoming Macro Calendar - Source: Trading Economics
Over the past week, BTC and ETH realized volatility drifted lower despite FOMC and U.S.-China summit. Carry has turned modestly negative in both assets – a sign that long-vol positions may be gradually paying off. Option skews remain in contango, as the curve has steepened again slightly, suggesting increasing downside protection demand.
The major benchmarks finished a third consecutive week of gains: the DJIA added +0.8%, the S&P 500 +0.7%, and the Nasdaq +2.2%. The Chinese stock market finished a mixed week: the Shanghai Composite Index added +0.11%, the CSI 300 shed 0.43% and the Hang Seng index lost 0.97%.

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Amber Group