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[Replay] 🎙️ Build the Binance Square, hold BNB|On Sunday, BTC still hasn’t moved—on days with no action, let’s talk about topics related to the market~
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Everything is numbers, where does it originate from—one or two posts Everything is numbers The great way is simple
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🇨🇳 Oct 2|Crypto Market Brief $BNB 📈 BTC reclaims $86K, the second day of Q4 continues to rebound
BTC is currently around $86.3K, briefly nearing $86.9K during the day; ETH is around $2.76K, SOL around $122.
Overall, the market has warmed up. Since the beginning of October, BTC has risen by about 3%. However, Treasury yields are still high, the dollar is strengthening, and macro pressure has not disappeared.
🔥 ETF inflows return as the core support
In September, the US spot BTC ETF recorded net inflows of about $2.65B, the second-strongest monthly performance since October 2025; ETH spot ETFs saw net inflows of about $832M in the same period.
On Oct 1, BTC ETFs again logged around $102.7M in net inflows, with the funds mainly flowing to BlackRock’s IBIT.
🏦 SEC: New framework for institutional crypto custody
The market is continuing to digest the SEC’s Crypto Custody proposal released yesterday.
Under the new scheme, qualified investment advisers and regulated funds may, under certain circumstances, self-custody crypto assets, and state-level trust companies may also be used as custodians.
However, note that this is still a Proposal—not the final rules. After the formal release, there will be a 60-day public comment period.
💰 Citi raises its BTC target to $113K
Citi raised its 12-month BTC target from $82K to $113K, and its ETH target from $2,240 to $3,028.
The report attributes the forecast adjustments mainly to ETF capital returning, higher activity in the crypto market, and an improving macro environment.
This is an institutional view, not a price guarantee.
⚡ The real test today: US Non-Farm Payrolls
US September NFP employment data will be released today.
The market previously expected an increase of about 90K jobs, with the unemployment rate staying at 4.1%. The employment report will directly affect how the market assesses the Fed’s interest-rate path for October.
Meanwhile, Core Lightning reminds users running older versions of nodes to upgrade as soon as possible—unupdated nodes are increasingly becoming targets of attacks.
📊 Market Snapshot
BTC ≈ $86.3K ETH ≈ $2.76K SOL ≈ $122 XRP ≈ $1.53 BTC Dominance ≈ 57% Fear & Greed ≈ 72 Market Cap ≈ $2.99T
🎯 On Day 2 of Q4, the market’s logic is changing:
ETF inflows are back in, the institutional regulatory framework continues to move forward, BTC has reclaimed $86K,
But what will truly determine today’s行情 is still US employment data.
If Non-Farm Payrolls give the market more room for rate cuts, $87K will become the key level again.
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Previously, when everyone looked at Terafab, there was at least some sense of “is Musk trying to take over everything himself again?” After all, advanced process nodes aren’t like building rockets, and spending money doesn’t automatically mean you can get it done. The wind direction has changed a bit now: even TSMC is researching how to get involved. Culpan’s take is that a more realistic option could be: TSMC builds the factories itself and operates them itself in Texas. SpaceX / Terafab would provide the funding, lock in long-term orders, and even hold shares together. That is to say, Terafab may not ultimately really be “Musk himself making chips.” More likely, it becomes “Musk puts the demand and the money on the table and invites the best chip makers to do it.”
When I started sharing my crypto thoughts and market updates here on Binance Square, I never imagined the community would grow this much.
34,000 people chose to follow, read, like, comment and repost my content. That support means more than just a number.
I’ll keep sharing my market views, setups, ideas and lessons along the way. No promises of perfect calls, just honest market observations and the journey.
Thank you to everyone who has been here from the beginning and everyone who recently joined. 🙏
$ETH The second brother’s analysis is very right—don’t go all-in on contracts with a counterfeit copy. The dog-team’s ZEC has already dropped more than $400 from the top; the controlling influence is way too strong. As long as ETH and BTC haven’t shown weakness, ZEC should still make new highs!!!
Binance could have simply announced the date, but instead they left us with one line: “Wish we could say more.” And honestly… that makes me even more curious. 😅
I’ve been thinking about what could be behind this teaser. Maybe it’s something related to AI, smarter trading, Agentic Finance,
BNB Chain or perhaps something nobody is expecting. My guesses right now:
1 * AI-powered trading tools 2 * A new Binance wallet feature 3 * Bigger financial super-app plans 4 *Something major for the BNB ecosystem 5 *Or a completely unexpected surprise 👀
Of course, nothing is confirmed yet. But Binance is literally asking us to guess, so let’s play along.