According to Odaily Planet Daily, QCP Capital stated that after last week's sell-off, cryptocurrencies are showing initial signs of recovery. BTC and ETH have rebounded to $112,000 and $4,100, respectively. Despite significant outflows from ETFs (particularly last Friday), spot prices stabilized over the weekend, suggesting that end-of-quarter basis liquidation may have been the primary driver of redemptions, and that the market's ability to absorb the selling pressure exceeded expectations. With the spot market rebounding, this week's ETF flows will set the tone for institutional demand ahead of the seasonally bullish months.

Despite a volatile month, BTC still saw monthly gains exceeding 3%, supporting the so-called "Uptober" market. However, it's important to note that BTC needs to break through the $115,000 mark to confirm a new uptrend. The options market reflects this hesitation: as trader confidence rebuilds, bearish skewness and open interest in BTC and ETH are gradually returning to normal.