A rebound has emerged, but it is not yet enough to confirm that incremental capital is continuing to flow in.
Around 10:02 Beijing time on October 28, BTC was approximately 80,926 USDT, up 1.09% over 24 hours; ETH was approximately 2,355, up 1.42%; and BNB was approximately 745.21, up 0.23%. ETH was relatively stronger on the day, while BNB’s gains were weaker. This reflects only the 24-hour window.
The circulating market capitalization of USD-pegged stablecoins was approximately $301.48 billion, down 0.68% from seven days earlier. Changes in market capitalization are not net capital flows and cannot be treated directly as the amount of money exiting.
The U.S. spot ETF figures for October 27 still have funds yet to report, so the incomplete total is not being used to confirm an institutional return. The latest funding rates for all three coins were positive, but a single open-interest reading cannot prove that new long positions are being added. The Fed’s October 27–28 meeting has not yet produced its outcome, so any directional assessment still needs to be cross-checked against spot trading volume, complete ETF data, and policy implementation.
$BTC $ETH
Around 10:02 Beijing time on October 28, BTC was approximately 80,926 USDT, up 1.09% over 24 hours; ETH was approximately 2,355, up 1.42%; and BNB was approximately 745.21, up 0.23%. ETH was relatively stronger on the day, while BNB’s gains were weaker. This reflects only the 24-hour window.
The circulating market capitalization of USD-pegged stablecoins was approximately $301.48 billion, down 0.68% from seven days earlier. Changes in market capitalization are not net capital flows and cannot be treated directly as the amount of money exiting.
The U.S. spot ETF figures for October 27 still have funds yet to report, so the incomplete total is not being used to confirm an institutional return. The latest funding rates for all three coins were positive, but a single open-interest reading cannot prove that new long positions are being added. The Fed’s October 27–28 meeting has not yet produced its outcome, so any directional assessment still needs to be cross-checked against spot trading volume, complete ETF data, and policy implementation.
$BTC $ETH
