BlockBeats News, October 28th: Chloe (@ChloeTalk1), a DeepThink columnist at HTX and a researcher at HTX Research, analyzed that this week, multiple macro events have overlapped, potentially forming the most influential market cycle of the year. During the ASEAN Summit in Malaysia, China and the United States reached a trade “framework,” including delaying China’s rare earth export restrictions and suspending 100% tariffs on China, among other measures. Trade easing has driven up Asia-Pacific stock markets and strengthened risk appetite.
Furthermore, due to the U.S. government shutdown causing a data vacuum, the market expects the Federal Reserve to cut interest rates by another 25 basis points at the October 28-29 meeting. The European Central Bank and the Bank of Japan will also announce interest rate decisions this week, further enhancing global easing expectations. Meanwhile, tech giants such as Microsoft, Alphabet, Meta, Apple, and Amazon will report earnings this week, with AI investment and profit expectations becoming a focus of attention.
In the crypto market, data from CoinGlass and Deribit shows that the total open interest of Bitcoin options contracts has reached $63 billion, with Deribit holding 80%, and the main positions concentrated in the high strike price range of $120,000 to $140,000. The overall sentiment is bullish, but options nearing expiration may bring short-term volatility.
Chloe pointed out that the easing of China-U.S. trade tensions and global easing expectations are jointly reinforcing bullish sentiment, while AI concepts and high open interest in options at high levels are adding new volatility factors to the market.
