Massive inflows into US spot Bitcoin ETFs are driving the overall market, while Solana (SOL) benefits from increased institutional interest, evidenced by CME futures and ETP flows. The expansion of the stablecoin market boosts liquidity, indicating an overall neutral to slightly bullish bias.

Fundamental Analysis * US-Listed Bitcoin ETFs See Massive Inflows Early October Spot Bitcoin ETFs listed in the US recorded significant inflows early in October. This trend reflects renewed institutional confidence in Bitcoin and expectations for historically bullish market conditions in October. Historically, ETF inflows have directly correlated with Bitcoin price appreciation, suggesting potential for further price highs if this trend continues. Some analysts predict new all-time highs, increasing optimism for short-term price gains. * Potential for Confidential Lending in the Crypto Industry Privacy remains a challenge in the DeFi market. The introduction of confidential lending could potentially attract more traditional financial assets into DeFi. Successful implementation could significantly enhance overall DeFi market liquidity, fostering the development of new financial products and attracting a broader user base. Market expansion might indirectly increase demand for major cryptocurrencies like Bitcoin. * Stablecoin Market Surpasses $300 Billion in Market Cap, Future Outlook The stablecoin market capitalization has surpassed $300 billion, demonstrating a robust year-to-date growth rate of 46.8%. This signifies increased capital inflows into the market and the overall expansion of the crypto asset space. The potential for liquidity provision by AI agents has been highlighted, suggesting continued growth for the stablecoin market. The stable expansion of stablecoins enhances the credibility of the broader crypto market, potentially encouraging further institutional participation. * Sam Bankman-Fried Discusses His Biggest Mistake in FTX Collapse Former FTX CEO Sam Bankman-Fried identified the delegation of authority to the new CEO as his biggest mistake in the FTX collapse. While this offers crucial insight into the events leading to the bankruptcy, its direct impact on current market prices is limited. However, collapses of major exchanges like FTX can affect overall confidence in the crypto market, warranting attention to future related news. * Major Financial Institutions Predict Bitcoin Surge in Q4 Leading financial institutions such as JPMorgan and Citigroup predict Bitcoin prices could reach between $133,000 and $200,000 by the end of 2025. These forecasts are based on sustained inflows into Bitcoin ETFs and its correlation with gold. Such bullish outlooks from institutional players can positively influence market sentiment and attract further capital. Predictions of Bitcoin surpassing previous all-time highs are particularly likely to boost overall market sentiment. * Bitcoin ETFs Kick Off 'Uptober' with Record Weekly Inflows US-listed spot Bitcoin ETFs recorded the second-highest weekly inflows, spearheading a bullish start to October, often referred to as 'Uptober'. This inflow indicates investor optimism and contributes to Bitcoin's price rise. The significant shift from outflows the previous week to substantial inflows signifies a resurgence in market momentum. * Crypto Venture Capital Firms Adopt a More Cautious Stance Crypto venture capital (VC) firms are adopting a more cautious investment approach compared to previous periods, exhibiting greater scrutiny beyond mere trends. While this indicates market maturation, it may also suggest potential funding droughts for nascent projects. Notably, capital continues to flow into sectors like Real World Asset (RWA) infrastructure. This trend highlights a shift towards projects with tangible value, potentially fostering healthier market development in the long term. * Gemini Executive Suggests Bitcoin's 4-Year Cycle Likely to Continue A Gemini executive suggested that while Bitcoin's 4-year cycle might manifest differently than in the past, it is highly probable that it will continue in some form. This implies that Bitcoin's price fluctuations may remain subject to cyclical influences driven by events like halvings. The existence of such cycles can serve as a reference point for investors forecasting future price movements. * Coinbase Seeks Business Expansion by Applying for National Trust Bank Charter Coinbase has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. This move signifies Coinbase's ambition to offer a broader range of financial services under regulatory supervision, aiming to build a modern financial system leveraging digital assets. Strengthening regulatory collaboration could enhance the overall credibility of the crypto industry, potentially further encouraging institutional adoption. * Bitcoin Leads Crypto Market Cap Towards $4.21 Trillion Towards New Highs The total cryptocurrency market capitalization reached $4.21 trillion, with Bitcoin acting as the primary driver. Amidst uncertainty from a US government shutdown, on-chain data indicating $1.6 billion in accumulation and a Coinbase premium gap of 92 suggest strong US-based demand. Analysts identify a resistance level at $130,000, with potential for further price discovery next week. This momentum suggests Bitcoin could soon reach new all-time highs, further boosting overall market sentiment. * AI Agents Poised to Become Stablecoin Liquidity Providers Paxos Labs co-founder identified the potential for AI agents to play a significant role in providing liquidity for stablecoins. AI agents could instantly shift liquidity to the most efficient issuers, leveraging market fragmentation as an advantage. As US stablecoin regulation clarifies, the market, already exceeding $300 billion, is becoming a major theme in crypto. Efficient liquidity management by AI is expected to contribute to the further expansion and stabilization of the stablecoin market. * Lawsuit Against Yuga Labs Dismissed for Failing Howey Test An investor lawsuit against Web3 company Yuga Labs has been dismissed, failing to meet the criteria of the Howey Test. This ruling serves as a significant precedent regarding whether NFTs can be considered securities. The decision may influence regulatory clarity within the NFT market and impact investment decisions concerning NFT projects like Yuga Labs'. * Bitcoin Miner CleanSpark Held Over 13,000 BTC in September Bitcoin miner CleanSpark held 13,011 BTC as of the end of September, reporting year-over-year increases in production efficiency and output. The company sold 445 BTC, valued at approximately $48.7 million, at an average price of $109,568. Miner sales can increase supply pressure on the market. However, CleanSpark's growing total Bitcoin holdings indicate business expansion and confidence in the future. * Ethereum Foundation Converts 1,000 ETH to Stablecoins for R&D Funding The Ethereum Foundation (EF) announced plans to convert 1,000 ETH into stablecoins to fund research and development, grants, and donations. This is part of the EF's financial strategy and demonstrates its commitment to funding DeFi initiatives. While the sale of ETH could increase supply pressure on the market, the EF's active investment in the DeFi ecosystem is expected to foster the growth of the overall Ethereum platform. * FDIC Reviews Rules Governing Banks' Relationship with Crypto Assets The Federal Deposit Insurance Corporation (FDIC) is set to review proposed rules that could impact crypto firms amidst allegations of 'de-risking' towards crypto entities. These proposed regulations face criticism regarding regulators potentially using 'reputational risk' as a basis for action. The FDIC's decisions will be crucial in shaping how US banks engage with the cryptocurrency sector, potentially facilitating or restricting collaborations between banks and crypto firms. * Ethereum (ETH) Up 14% Weekly, What's the Position of Bulls? Ethereum (ETH) rose 14% over the past seven days, surpassing $4,500 for the first time in two weeks. However, derivative indicators still suggest a degree of skepticism. Despite boasting $100 billion in Total Value Locked (TVL), Ethereum's activity levels have declined amidst growing competition from rival platforms offering lower fees. Accumulation by institutions through spot ETFs and corporate treasuries could potentially trigger a supply shock, pushing Ethereum above $5,000. * Vietnamese Central Bank Projects Credit Growth Amid Crypto Adoption The State Bank of Vietnam anticipates approximately 20% credit growth in 2025, potentially seeing liquidity flow into the global crypto market driven by expanding adoption in the region. This outlook is underpinned by expectations of regulatory easing and economic growth in Vietnam. Increased credit growth implies domestic investors and corporations channeling more funds into the crypto market, thereby enhancing overall market liquidity. * UK to Lift Ban on Crypto ETNs for Retail Investors The UK's Financial Conduct Authority (FCA) plans to lift the ban imposed in 2019 on crypto-related exchange-traded notes (ETNs) for retail investors. This change will provide retail investors with access to a wider range of crypto-related investment products. Unlike ETFs, ETNs are debt securities linked to crypto assets and lack underlying assets. This regulatory easing could broaden the base for crypto investing in the UK. * Solana ETP Flows Exceed $500M, CME Futures Open Interest Surges Open interest (OI) in CME futures for Solana (SOL) reached an all-time high, coupled with over $500 million in Solana ETP flows, indicating strong institutional interest. The SOL price surged 23% to $235, with expectations of reaching new highs. While retail traders face caution after $307 million in liquidations, the aggressive institutional activity is expected to positively influence SOL's price. * Bitcoin and Zcash Lead Weekly Performance, Rising Alongside DeFi The digital asset market showed significant recovery after a downturn at the end of September. Increased demand for safe-haven assets, driven by uncertainty from the US government shutdown (the first in six years), boosted investor sentiment recovery. This heightened demand for safe havens suggests Bitcoin (BTC) may follow gold's upward trend, potentially setting new records towards $150,000 by year-end. * Price Prediction 10/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, SUI Strong inflows into spot Bitcoin ETFs indicate that bulls are in control, with a rise to new all-time highs looking likely. BNB is leading the altcoin recovery, and several altcoins are poised to break through resistance levels. Bitcoin (BTC) rose towards $123,900 on Friday, continuing its march towards the previous all-time high of $124,474. BTC's recovery is supported by solid demand from bulls; US spot BTC ETFs recorded inflows of $2.25 billion. * VC Roundup: Stablecoins and RWA Infrastructure Absorb Capital Amidst Crypto Funding Downturn Venture capital (VC) funding for crypto and blockchain startups reached $1.97 billion across 378 deals in Q2 2025. This represents a 59% decrease in funding amount and a 15% reduction in deal count compared to the previous quarter. However, capital continues to flow into sectors like stablecoins and RWA infrastructure, as VCs become more selective in their investments. * Bitcoin Triggers 'Flash' Concerns with Record $88 Billion Open Interest Bitcoin recorded an all-time high Open Interest (OI) of $88 billion, indicating heightened liquidity on both sides of the spot price. Analysts anticipate bulls addressing the 'imbalance' to push the market higher. However, long-term bearish divergences continue to cast doubt on the future of the Bitcoin bull run. Bitcoin consolidated support at $120,000 during Friday's Wall Street open, while analysts prepare for a potential short squeeze. * Overall Summary Massive inflows into US spot Bitcoin ETFs and bullish price predictions from major financial institutions suggest further upside for Bitcoin, fostering optimism across the market. The expansion of the stablecoin market and the potential utilization of AI agents are expected to enhance market liquidity and efficiency, further encouraging institutional participation. Conversely, the cautious stance of VCs and lessons learned from past collapses underscore the necessity of risk management for the healthy growth of the crypto market.

Key downside risks include slowing ETF inflows, regulatory developments such as FDIC regulatory review and DeFi privacy concerns, and profit-taking. Key support levels are around $199, with $210 also acting as a psychological level. Monitor market sentiment and regulatory developments closely.

In the short term (24-48 hours), expect consolidation or modest gains. Over the next week, the price could challenge the $235 level if bullish sentiment persists. Key catalysts include ecosystem developments and ETF inflows. However, caution is advised regarding deteriorating market conditions.

Significant inflows into US spot Bitcoin ETFs and robust institutional interest in Solana (SOL), evident from CME futures and ETP flows, are creating a positive market backdrop. While technical indicators remain in neutral territory, placing emphasis on fundamentals, we adopt a neutral-to-bullish stance. For investors, we recommend buying the dip in the $210-$220 range, with profit targets set at $235-$250 and stop-losses below the $210 level. This week, focus on monitoring ETF flows, market sentiment, and developments within the SOL ecosystem, maintaining disciplined trading practices. Thorough risk management is paramount to capitalizing on opportunities within this bullish trend.