TechFlow, October 15 — After weekend volatility, risk assets have stabilized, with equities down approximately 1.5% from recent highs and Bitcoin trading about 10% below its peak, according to a QCP bulletin. A partial market rebound was supported by renewed expectations for rate cuts, with swap contracts indicating markets now anticipate around 125 basis points of easing by the end of 2026. Federal Reserve Chair Powell reaffirmed plans for another 25-basis-point cut this month, providing short-term support to risk sentiment.
Gold remains a market focal point, surging to a record $4,022 per ounce (up 52% year-to-date), driven by strong central bank buying and declining real yields. Global reserves increased by over 800 tons in the first half of 2025, led by China, Turkey, and India, reflecting a trend toward reserve diversification. Major institutions including Bank of America and JPMorgan expect further price gains, forecasting gold to reach the $4,500–$5,000 range by 2026.
Notably, Bitcoin’s correlation with gold has risen above 0.85, while institutional inflows continue: yesterday saw $102.7 million flow into Bitcoin ETFs and $236.2 million into Ethereum ETFs, laying the foundation for a new rally phase.
