Market Overview - The crypto market is experiencing downward pressure in October, with Bitcoin (BTC) dropping 3% to $107,500 in the past 24 hours, while other major cryptocurrencies like ETH, XRP, BNB, and SOL have seen even larger losses. The CoinDesk 20 Index has fallen over 4% [1] - Among the top 100 cryptocurrencies, only ICP, ASTER, and HASH have shown positive performance, with ASTER's rise attributed to Binance co-founder ChangPeng "CZ" Zhao's exposure to the token [1] Bitcoin and Market Trends - Bitcoin has recently decoupled from the tech-heavy Nasdaq index, with potential upside limited by profit-taking from long-term holders [2] - The decoupling of BTC from traditional stocks could signal early warning signs for the stock market, as historical patterns suggest that BTC peaks may precede stock market tops [3] - Despite current pressures, bulls remain optimistic as BTC prices hold above the $100,000 mark [3] Historical Performance and Predictions - November has historically been a strong month for BTC, averaging returns above 40% over the past decade, with improving macro conditions potentially supporting a continuation of the uptrend [4] - However, some technical analysts are cautious, with one veteran analyst noting a "megaphone" pattern on the BTC chart that typically indicates a price drop [4] Security Concerns - The ongoing trend of hacks in the crypto space raises concerns about blockchain infrastructure security, as evidenced by a recent hack of Balancer for millions [5] Regulatory Developments - The European Commission is reportedly preparing to enhance central oversight over key financial infrastructures, including stock and crypto exchanges, to reduce market fragmentation and improve competitiveness within the bloc [6] Traditional Market Insights - The yield on the U.S. 10-year Treasury note is near three-week highs as traders await significant economic data releases, including ADP employment figures and ISM PMIs [7]