Traders are betting on a Trump–Xi breakthrough and a dovish Fed pivot to revive “Uptober,” though markets remain wary that rare-earth restrictions and the U.S. shutdown could spoil the rally.
While the filing doesn’t confirm a token launch, it shows Ant Group laying legal groundwork to merge its Alipay ecosystem with regulated Web3 and stablecoin infrastructure.
With the yen freely convertible and backed by Japan’s deep government bond market, JPYC’s launch stands apart from the region’s onshore-only experiments in Korea, Taiwan, and beyond.
On-chain data shows roughly 62,000 BTC have moved out of long-term storage since mid-October, softening one of this cycle’s strongest tailwinds. But steady whale accumulation and a moderate short-side cleanup helped prices stabilize near $114K.
After months of steady gains, BTC is slipping below key cost-basis levels as long-term holders sell into strength and traders retreat to defensive derivatives.