Market Overview - The crypto market is experiencing instability following the Federal Reserve's interest rate cut of 25 basis points, with Bitcoin (BTC) down 2.5% to $110,200 and the CoinDesk 20 (CD20) index losing 1.7% [1][2] - The market faced over $820 million in liquidations within 24 hours due to Federal Reserve Chair Jerome Powell's cautious stance on future rate cuts, despite easing trade tensions with China [2] Central Bank Actions - The Federal Reserve announced it would end its balance sheet runoff by December 1, which could inject liquidity into financial markets [3] - Analysts from Bankinter noted that traditional asset prices are hindered by "altitude sickness," suggesting a positive underlying trend despite recent volatility [3] Crypto Market Dynamics - The October 10 flash crash has left both retail and institutional investors cautious, with liquidity in order books still not recovered [4] - Digital asset treasuries (DATs) are contributing to selling pressure, with many trading below 1 mNAV, prompting some to buy back shares using funds from asset sales [4] Options Expiry Impact - A $13 billion options expiry on Friday is expected to exert additional pressure on crypto prices, with market makers facing negative gamma at strike prices between $100,000 and $111,000, potentially amplifying price swings [5] Upcoming Events - Key upcoming events include the Cronos (CRO) mainnet upgrade, a special meeting for Core Scientific (CORZ) stockholder vote, and HashKey Chain (HSK) pausing new staking orders [5] - Earnings reports are anticipated from Coinbase Global (COIN), Reddit (RDDT), Riot Platforms (RIOT), and MicroStrategy (MSTR) on October 30 [6]

分组1 - Nvidia is approaching a market capitalization of $5 trillion, requiring a share price of approximately $25.36 to achieve this milestone [2][3] - The upcoming discussions involving President Trump and China are expected to focus on Nvidia chips, placing the company in the spotlight [3] - The semiconductor sector has seen a significant upward trend, with most chip companies experiencing gains, although Broadcom had a slight decline [4] 分组2 - The Federal Reserve's decision day is anticipated, with expectations of a 25 basis point cut and a high probability of a December cut [5][6] - Jerome Powell's upcoming press conference may lack transparency due to limited economic data, potentially leading to market frustration [6][7] - Major tech companies, including Meta Platforms, Microsoft, and Google Alphabet, have shown substantial stock price increases over the last six months, with Google up 67% and Meta up 35% [10]