#十月加密市场预测 Cb Bullish on the October encryption market: These three signals are the core logic for being bullish.

As the encryption market was searching for direction amid September's fluctuations, a report from leading exchange Cb for October clearly stated a "bullish outlook from a tactical perspective." This report is not without basis, as it anchors on key changes in the macro economy and market liquidity, providing investors with a clear bullish narrative.

The core supporting the bullish judgment on Cb lies in three undeniable market signals. First, the weakening of the US dollar and the warming of the Federal Reserve's dovish tendency. The core PCE inflation data released at the end of September met market expectations, significantly boosting traders' confidence in a shift in Fed policy—current market expectations generally anticipate that at the October Federal Open Market Committee (FOMC) meeting, the Federal Reserve is highly likely to cut interest rates by 25 basis points. For the encryption market, the strength and weakness of the US dollar typically have an inverse relationship with asset prices: a weaker dollar means that cryptocurrencies become more attractive to global investors, while the "low interest rate environment" brought about by rate cuts will also reduce the opportunity cost of holding encryption assets, driving funds towards risk assets.

Secondly, the liquidity environment in October has entered a "window period". Cb's analysis using a customized M2 liquidity index reveals that although liquidity headwinds may become apparent starting in November, the liquidity conditions in October are sufficient to support risk assets. More directly positive news comes from within the market: On September 30, FTX paid $1.6 billion to creditors, which injected immediate liquidity into the encryption market, temporarily alleviating the tightness of funds and providing "ammunition" for asset price rebounds.

The last is the clear signal transmitted by the rise in federal funds futures prices. The fluctuations in federal funds futures prices are essentially the market's "expectation barometer" for the Federal Reserve's interest rate policy. Recently, this price has continued to rise, reflecting a strengthening expectation of interest rate cuts in the market—when investors realize that subsequent interest rates may decline, they are more willing to abandon low-yield stable assets in favor of potentially high-return encryption assets like Bitcoin. This capital migration effect is an important basis for Cb's optimism about the market in October.

It is worth noting that the report also mentions a key comparison: the correlation between Bitcoin and global liquidity is significantly higher than that of gold. This means that when global liquidity increases, Bitcoin can benefit more directly. Combined with the current potential easing cycle that the Federal Reserve may initiate, global liquidity is likely to further increase, and Bitcoin, as the "barometer" of the encryption market, may see its price trend become the core driving force of the October market.

However, the encryption market is always influenced by multiple factors. Subtle changes in macro policies and shifts in market sentiment can alter short-term trends. Cb's outlook leans more towards short-term judgments on a "tactical level." While investors pay attention to positive signals, they also need to be prepared for risk control and rationally grasp the market rhythm.