Overview

Bitcoin’s price is consolidating around $72,000, with the market facing a directional decision. BTC ETFs are performing strongly, with over $800 million in inflows for two consecutive days. Over the past six trading days, net inflows totaled $2.984 billion.

Daily Macro

Bitcoin Market Status: Bitcoin’s price remains resilient, fluctuating slightly around $72,000. In contrast, the altcoin market is underperforming, with most assets still trending down.

Bitcoin ETF Activity: As of October 31, preliminary reports indicate a net inflow of $893 million yesterday.

Ethereum ETF Activity: As of October 31, preliminary reports show a net inflow of $4.4 million yesterday.

Macroeconomic Data: Following yesterday’s “ADP Employment” report, the USD briefly strengthened. The last significant economic data release before tomorrow's FOMC meeting is the U.S. October unemployment rate, which will be a key factor in determining the extent of next month's interest rate cuts.

Daily Focus

MASK

Reason for Focus: The $MASK token saw an approximately 36% daily increase. Mask Network’s decentralized social platform token, $MASK, reached daily trading volumes on Upbit exceeding ETH.

Related Token Performance (24h):

MASK: +36%

Market Analysis: MASK’s surge lacks clear positive catalysts, so investors should exercise caution.

Next Focus

MEMENTO•MORI

Reason for Focus: Casey, the founder of the Rune protocol, recently deployed the MEMENTO•MORI token, which will begin minting at Bitcoin block 868,186. A total of 100,000 tokens will be issued, with 50% allocated for an airdrop (already completed), and the remaining 50,000 available for public fair minting. Bitcoin network transaction fees have surged to over 400 sats/byte.

How to Participate: Interested users can connect a Bitcoin wallet on the Magiceden platform to mint, trade, and engage with the token.

CoinEx Daily: Bitcoin Price Consolidates at High Levels; BTC ETFs Near $3 Billion Inflows Over the Past Week