Quick Take

Weekly Market Index

All three indices increased last week. Price, volume, and volatility indices increased by +10.27%, +24.81%, and +17.36%, respectively.


Chart of the Week

The aggregated open interest of BTC futures (including perpetuals) across crypto exchanges rose to a one-year high of $31.79 billion on 19 October, according to the Block. Open interest of BTC futures measures the total number of outstanding contracts that have not been settled or closed in BTC future contracts; its increase typically suggests new money entering the market with bullish market sentiment.

This coincided with BTC rising to the $68,000-level on the same day and US spot BTC ETFs recording a $2.1 billion net inflow last week, the largest since March 2024.


Weekly Performance

BTC and ETH increased by +10.4% and +11.9%, respectively, in the past seven days. Prices for all other selected top market capitalisation tokens increased except AVAX (-0.6%). DOGE (+32.5%) and BCH (+16.3%) led the increase. 

The price increase in DOGE coincided with Elon Musk posting “D.O.G.E will fix it” on X in response to an article reporting that California officials rejected more SpaceX rocket launches from the state. D.O.G.E refers to the Department of Government Efficiency, an idea mentioned by Donald Trump for a government efficiency commission led by Musk if Trump wins the election in November.

Key categories all increased in market capitalisation change in the past seven days. The meme category led the rise. 


Notable Updates


News Highlights

Investment Vehicles

Adoption

Regulations

Others


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Catalyst Calendar


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📈 BTC futures open interest on crypto exchanges soars to a one-year high; Crypto.com launched the Funding Arbitrage Bot on the Crypto.com Exchange

BTC futures open interest on crypto exchanges soars to a one-year high; Crypto.com launched the Funding Arbitrage Bot on the Crypto.com Exchange; SEC approved the NYSE and CBOE’s BTC ETF options listings.

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