The crypto market is entering a strong recovery phase after the historic flash crash last weekend, with total capitalization up 2.8% to approximately $3.85 trillion. Bitcoin (BTC) has surpassed $110,000, increasing by more than 2.8%, while Ethereum (ETH) exceeds $4,000 thanks to positive signals from global trade and regulation. Liquidations have sharply decreased to around $300 million, mainly from short positions being 'hunted'. Major highlight: Trump signaled a relaxation of tariffs with China, expected to meet Xi Jinping at the end of the month, along with the UK opening BTC/ETH ETNs for individual investors. The Fear & Greed Index improved to 35 (Fear), BTC RSI at 42 (still oversold but recovering) – signs of a Q4 bull run about to start. Below are the highlights from the last 24 hours:

1. Bitcoin Surpasses 110,000 USD, Predicted to Reach 112,000-124,000 USD by the Weekend

• BTC rises 2.8% to about 110,499 USD, after hitting a low of 104,782 USD during the crash (erasing 600 billion USD, the largest in history – 9 times the crash of 2/2025). The market is “catching up” with gold (new ATH), with Bitcoin lagging about 100 days – expecting a strong pump soon.

• BTC spot inflow is back to positive, on-chain shows 97% of supply is in profit. BTC shorts are about to be “destroyed” according to sentiment on X.

• Sentiment: VIX drops sharply, 10yr yield near the lowest since April, stocks near ATH – all support risk assets like BTC.

2. Ethereum Breaks Through 4,000 USD, ETF Inflow Increases Strongly

• ETH rises 2-3% to about 4,041 USD (from 3,892 USD yesterday), with Ethereum ETF recording an inflow of 2 billion USD in the past 8 days. ETH liquidations drop to 120 million USD, stablecoin supply ATH 162 billion USD strengthens the network.

• Highlight: UK FCA lifts 4-year ban, allows retail investors to trade BTC/ETH ETNs – 21Shares, Bitwise, WisdomTree launch products on LSE, BlackRock joins. Fusaka upgrade (November) will increase data blob 8x, boosting L2. Tether open-source Wallet Kit supports ETH multi-chain.

3. Macroeconomic Context

• The market benefits from Trump “soothing” tariffs (meeting Xi Jinping at the end of the month), high probability of Fed rate cuts, and institutional demand (ETFs). Gold ATH, but crypto is behaving like a risk asset recovering quickly. Total volume 140 billion USD (up 8%), DeFi 14%; altcoin season index 64/100 – Q4 bull run could surpass 2021.

Note: Crypto is highly volatile, DYOR before investing. If you need specific coin analysis or charts, let me know!