Following last Friday’s pullback to $80K, the market stabilized over the weekend, rebounding toward $82K by Monday morning in Asia.
U.S. spot Bitcoin ETFs registered $82.39 million in net outflows on October 16, driven primarily by routine investor redemptions rather than a broader strategic portfolio shift.
Market sentiment continues to reflect cautious optimism, with the Crypto Fear and Greed Index standing at 49 as traders await upcoming corporate earnings releases and macroeconomic updates.
Key Market Drivers for the Week Ahead
With the Fed in its standard blackout period ahead of the October 27–28 FOMC meeting, rate expectations will be driven primarily by upcoming economic reports and earnings releases. Key U.S. consumer indicators scheduled for release this week could alter policy projections, as signs of overheating economic activity or elevated inflation metrics could create headwinds for crypto and duration-sensitive growth assets.
Simultaneously, attention in the U.S. will focus on the third-quarter earnings season. Key results from major tech firms including Tesla, Meta, and Netflix, alongside updates from top semiconductor producers, will provide critical insights into capital expenditure trends and sustained AI demand.
Here are the major economic indicators to watch out for this week:
- Oct 19: NAHB housing market index
- Oct 20: Pending home sales index and M/M%
- Oct 22: Weekly jobless claims, leading indicators, and Kansas City Fed survey
- Oct 23: US flash manufacturing PMI, US flash services PMI, and U. Michigan final consumer survey
