Overview
- Bitcoin trades near $108,000 and ether around $3,800 in a tight range as investors wait for Friday’s inflation report.
- QCP Capital describes a “narrow-range equilibrium” and calls the upcoming price data the singular anchor for policy and risk sentiment.
- Prediction market pricing shows a 77% chance of a U.S.–China tariff agreement by Nov. 10 and only 16% odds that a 100% tariff takes effect, reflecting easing trade-war fears.
- Recent crypto stress from a ~$20 billion liquidation wave and Binance collateral mispricing has largely cleared, though volatility risk remains into the data.
- A $650 million Ethereum Foundation transfer preceded about $700 million in profit-taking and long liquidations, while gold sees profit-taking after a sharp drop and Tesla logged an $80 million Q3 bitcoin gain.