The central bank announced that the 1-year and 5-year-plus LPRs remained unchanged in October, and that it would conduct overnight reverse repo operations from October 21 to November 2. Benchmark rates stayed put, while short-term reverse repos helped stabilize liquidity. The monetary environment remained steady and accommodative, with no additional macro tightening shock to underpin $BTC , while external funding conditions continued to provide stable support for spot markets.

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