#美联储降息展望 In the past month, I have noticed an interesting phenomenon: the Crypto Assets market is completely contrary to the movement of the US stock market. There seems to be only a connection in terms of news, but the price movement is entirely opposite.

The current US stock market is in a jubilant phase, with the S&P 500 index breaking through to 6908 points, setting a new historical record, and accumulating a 17% increase this year. The Nasdaq index has soared to 23968 points, with the technology sector led by Nvidia experiencing an unprecedented market boom.

However, the Crypto Assets market is struggling. BTC has fallen from a high of $126,000 at the beginning of October to around $112,000 now, a decline of 11%. ETH has also failed to hold the $4,000 mark, and the entire cryptocurrency market has evaporated about $120 billion in market value since the beginning of the month.

From the perspective of capital flow analysis, large funds have shown a clear preference for the US stock market in October. Data shows that net inflows into US stock ETF products reached $24.6 billion this month, while Bitcoin ETFs experienced a net outflow of $7.3 billion.

As the end of the year approaches and time is running out, I sincerely hope that in the last two months, the Crypto Assets market can regain its strength, reverse the downturn, and demonstrate the resilience and vitality it deserves.