TechFlow, September 29 — The QCP bulletin reports that after last week's sharp correction, the crypto market has begun to stabilize, with Bitcoin and Ethereum recovering to around $112,000 and $4,100 respectively. Despite significant redemptions in ETFs, the market has demonstrated strong resilience. Optimism in the perpetual contract market has returned, with leveraged long positions re-entering, pushing open interest from $42.8 billion to $43.6 billion, while BTC perpetual funding rates remain positive.
Analysts note that although market conditions support the anticipated "Uptober" rally, Bitcoin still needs to break above $115,000 to confirm a new upward trend. Options markets indicate that traders are gradually regaining confidence, with put skew returning toward normal levels.
