PANews reported on November 2 that QCP Capital released a weekend summary report, which pointed out that Thursday's core PCE data was slightly higher than expected, while Friday's non-farm payrolls data unexpectedly fell, causing the US dollar index to rebound and regain the 104 level. This week, BTC's net inflow exceeded US$2.1 billion. BlackRock's IBIT had a single-day net inflow of US$872 million, the largest single-day net inflow since its launch in January.
Despite Bitcoin falling below $69,000 on Friday, market interest remains strong, with total open interest in BTC futures and BTC options remaining high at $40.65 billion and $25.3 billion, respectively. While Trump is favored to be the next U.S. president, betting on him has dropped sharply from a high of 66% on Polymarket to 57% and 43%. Regardless of the outcome, the market is likely to see a “good news run out” similar to what happened after the Nashville Bitcoin Conference.
