#加密市场回调 【Crypto Assets市场分析】

The market segments show divergent trends.

As of October 29, the Crypto Assets market has shown a clear differentiation trend. After a correction, Bitcoin has fallen below the $113,000 level and is currently fluctuating near important moving averages, facing strong resistance on the upside. Ethereum is relatively weak, unable to hold the $4,000 mark, and is performing worse than Bitcoin.

It is worth noting that in the overall pullback environment, some small-cap tokens have shown strong resilience. Pi and Aerodrome Finance recorded increases of approximately 15% and 10% respectively over the past 24 hours, in stark contrast to the broader market. Meanwhile, other mainstream tokens such as BNB, XRP, and Solana generally exhibited a downward or sideways consolidation trend.

Market Key Factors Analysis

The core event attracting the most attention in the current market is undoubtedly the upcoming Federal Reserve interest rate decision. It is expected that on the evening of October 30, Beijing time ( 2:30 PM Eastern Time, the Federal Reserve will announce a 25 basis point rate cut. Since this expectation has been widely digested by the market, investors are more focused on the comments made by Federal Reserve Chairman Powell following the decision, hoping to gain clues about the future direction of monetary policy. It is important to be cautious, as the market may experience a "sell the news" reaction where "good news leads to bad outcomes."

The current market liquidity has significantly decreased, which means that any information exceeding market expectations (especially the "hawkish" signals released by the Federal Reserve) could trigger sharp price fluctuations. Investors should be well-prepared with adequate risk prevention measures.

In addition, from October 28 to 30 this week, ), multiple projects such as Grass, Jupiter, and Zora will unlock tokens worth approximately $653 million, which may create short-term selling pressure on the related tokens.

Another positive signal is that USDC Treasury minted an additional 90 million USDC on the Ethereum chain on October 30, which is typically seen as an indicator of potential funds flowing into the market.

In terms of trading platforms, Coinbase announced that it will delist six trading pairs on October 30, including MASK-USDT and GMT-USDT, to optimize trading liquidity, which is a normal business adjustment for exchanges.