According to PANews, QCP released a weekly summary, BTC rose 10.48% to a high of $69,000 this week, close to the psychological level of $70,000. There is no major macro data resistance next week. BTC ETF has strong inflows throughout the week, with $203.3 million flowing in at the close of Friday, rising for 6 consecutive days. The U.S. Securities and Exchange Commission approved the listing of BTC ETF options on the New York Stock Exchange, which is expected to provide the required liquidity. Bitcoin dominance reached 58%, laying the foundation for the recovery of L1 tokens.

In Japan, inflation is at 2.5%, down from 3.0%. Market expectations that the Bank of Japan is unlikely to raise interest rates soon have led to a rebound in USD/JPY, trading below 150. US stocks near record highs, a weaker yen and stronger risk appetite are driving risk assets higher, supporting the Uptober narrative.