{"id":52224,"date":"2021-11-02T18:43:31","date_gmt":"2021-11-02T16:43:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52224"},"modified":"2025-09-03T09:13:02","modified_gmt":"2025-09-03T06:13:02","slug":"october-2021-in-numbers-record-bitcoin-etf-debut-meme-token-rally-and-2-9b-for-ethereum-miners","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/october-2021-in-numbers-record-bitcoin-etf-debut-meme-token-rally-and-2-9b-for-ethereum-miners\/","title":{"rendered":"October 2021 in Numbers: Record Bitcoin ETF Debut, Meme Token Rally, and $2.9B for Ethereum Miners"},"content":{"rendered":"<div class=\"wp-block-monthly-reviews-top-blk review_top_blk\">\n<h2 class=\"wp-block-heading\"><strong>Key<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li>Bitcoin and Ethereum hit all\u2011time highs above $67,000 and $4,400 respectively. One of the market drivers was the launch of the first US bitcoin futures ETF.<\/li>\n<li>October saw a trend toward meme tokens, as well as native metaverse and GameFi coins.<\/li>\n<li>Inflation expectations prompted investors to turn their attention to cryptocurrency company equities.<\/li>\n<li>Trading volume on leading spot exchanges approached $1.5 trillion, behind only the April\u2013May highs this year. A similar pattern was seen on DEXs.<\/li>\n<li>The US rose to the lead in Bitcoin\u2019s hash rate share. The metric is recovering strongly after the Chinese ban.<\/li>\n<li>Bitcoin miners approached peak earnings, while Ethereum posted a record $2.9 billion.<\/li>\n<li>The market capitalization of stablecoins reached $125 billion. Tether\u2019s USDT capitalization stands at $70 billion.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Leading asset dynamics<\/strong><\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"490\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-56-1024x490.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154842\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-56-1024x490.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-56-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-56-768x368.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-56-1536x735.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-56.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Weekly BTC\/USD chart on Bitstamp. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"458\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETH-46-1024x458.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154844\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETH-46-1024x458.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-46-300x134.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-46-768x344.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-46-1536x688.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-46.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Weekly ETH\/USD chart on Bitstamp. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BITSTAMP%3AETHUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>In October Bitcoin and Ethereum hit all-time highs above $67,000 and $4,400 respectively.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"841\" height=\"235\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/dinamika.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154846\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/dinamika.png 841w, https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-300x84.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-768x215.png 768w\" sizes=\"auto, (max-width: 841px) 100vw, 841px\" \/><figcaption>Bitcoin and Ethereum dynamics in October. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"336\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/bitkoin-po-mesyatsam-1024x336.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154847\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/bitkoin-po-mesyatsam-1024x336.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/bitkoin-po-mesyatsam-300x98.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/bitkoin-po-mesyatsam-768x252.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/bitkoin-po-mesyatsam.png 1284w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Bitcoin monthly dynamics. Data: <a href=\"https:\/\/www.coinglass.com\/today\">coinglass<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Bitcoin rose 39.9% for the month, and Ethereum 42.9%.<\/li>\n<li>A historically favorable year-end is ahead within the bull market.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"410\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/gainers-18-1024x410.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154849\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/gainers-18-1024x410.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/gainers-18-300x120.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/gainers-18-768x307.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/gainers-18-1536x614.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/gainers-18.png 1585w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"405\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/losers-18-1024x405.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154850\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/losers-18-1024x405.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/losers-18-300x119.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/losers-18-768x304.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/losers-18-1536x607.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/losers-18.png 1586w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Meme tokens led the October rally, as did NFT\/metaverse native coins. Shiba Inu (SHIB) briefly surpassed its closest competitor Dogecoin by market cap, and the Safemoon DeFi protocol\u2019s native token also featured among October\u2019s top performers.<\/li>\n<li>Positive momentum was also seen in native metaverse, NFT, and GameFi coins, for example Decentraland (MANA) and Sandbox (SAND), amid the rebranding of Facebook to Meta.<\/li>\n<li>Separately, the meme-token trend surged. In addition to Shiba Inu, other dog-themed tokens \u2014 Dogecoin (DOGE), Floki Inu (FLOKI), Dogelon Mars (ELON), YooShi (YOOSHI) and Baby Doge Coin (BABYDOGE) \u2014 rallied sharply last month.<\/li>\n<li>The native token of the Cream Finance DeFi protocol showed negative momentum after another hack, in which the attacker stole $130 million.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<h3>Equities of cryptocurrency-related companies<\/h3>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>MicroStrategy (MSTR): <br \/><span style=\"color: #33B905\">+16.15%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Coinbase (COIN): <br \/><span style=\"color: #33B905\">+37.15%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Bakkt (BKKT): <br \/><span style=\"color: #33B905\">+351%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Galaxy Digital (GLXY): <br \/><span style=\"color: #33B905\">+64.44%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<h3>Crypto- and mining-related equities performance<\/h3>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Canaan (CAN): <br \/><span style=\"color: #33B905\">+33.91%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Ebang International (EBON): <br \/><span style=\"color: #33B905\">+7.43%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Riot Blockchain (RIOT): <br \/><span style=\"color: #33B905\">+0.07%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Hut 8 (HUT): <br \/><span style=\"color: #33B905\">+48.72%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Marathon Digital (MARA): <br \/><span style=\"color: #33B905\">+53.51%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<p>Crypto- and mining-related stocks delivered strong results in October alongside Bitcoin\u2019s positive momentum. Bakkt\u2019s shares stood out in particular \u2014 despite a muted start to trading on 18 October, they surged 351% over two weeks on the back of a partnership with Mastercard.<\/p>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Macro backdrop<\/strong><\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"355\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-489.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154862\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-489.png 624w, https:\/\/u1f987.com\/wp-content\/uploads\/2-489-300x171.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><figcaption>Data: <a href=\"https:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html\">CME FedWatch Tool<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"360\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-579.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154863\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-579.png 624w, https:\/\/u1f987.com\/wp-content\/uploads\/1-579-300x173.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><figcaption>Data: <a href=\"https:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html\">CME FedWatch Tool<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>November 3 will see a Federal Reserve meeting. The decision could signal the start of tapering asset purchases at a pace of $15 billion per month, beginning in mid\u2011November.<\/li>\n<li>Normalization of monetary policy is driven by concerns about rising inflation expectations. Ongoing supply-chain issues and high energy prices could keep consumer price inflation elevated.<\/li>\n<li>The futures market prices in a 62.5% probability of the first Fed rate hike in June 2022. By that point the Fed will have fully unwound its asset purchases. A month ago the odds were only 1 in 4.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"365\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-297.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154865\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-297.png 624w, https:\/\/u1f987.com\/wp-content\/uploads\/3-297-300x175.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><figcaption>Dynamics of the Bloomberg Galaxy Crypto Index and two\u2011year inflation outlook. Data: <a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/cryptos%20vs%202y2y.png?itok=aTTcOF8_\">Zerohedge<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>The October rise in inflation expectations boosted the probability of three rate hikes in 2022 \u2014 from 7.3% a month ago to 46.4%. At the September 22 meeting, half of Fed participants projected one hike next year, while another half looked to 2023.<\/li>\n<li><a href=\"https:\/\/www.bloomberg.com\/markets\/rates-bonds\/government-bonds\/us\"><span data-descr=\"flattening of the yield curve\" class=\"old_tooltip\">Flattening of the U.S. yield curve<\/span><\/a> became a signal of potential loss of Fed control over inflation. Investors started to entertain a scenario where policymakers would tighten sharply in 2022, potentially slowing the economy.<\/li>\n<li>Starting the return to normal monetary conditions could trigger stress in financial markets. In anticipation of the launch of the Bitcoin futures ETF, the first cryptocurrency began to be viewed more as an inflation hedge. Goldman Sachs has taken note of this relationship.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Market mood, correlations and volatility<\/strong><\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"532\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-1024x532.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154868\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-1024x532.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-300x156.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-768x399.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2.png 1052w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Fear-and-greed index dynamics. Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">alternative.me<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"665\" height=\"125\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/tablitsa-k-volatilnosti.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154869\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/tablitsa-k-volatilnosti.png 665w, https:\/\/u1f987.com\/wp-content\/uploads\/tablitsa-k-volatilnosti-300x56.png 300w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/figure>\n<\/div>\n<\/div>\n<p>In October, bulls dominated the market. The fear-and-greed index, lifted substantially since the start of the month, signals growing investor optimism.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"372\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/korrelyatsiya-aktivov-1024x372.jpg\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154872\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/korrelyatsiya-aktivov-1024x372.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/korrelyatsiya-aktivov-300x109.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/korrelyatsiya-aktivov-768x279.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/korrelyatsiya-aktivov.jpg 1204w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>90\u2011day asset-correlation indicators. Data: <a href=\"https:\/\/www.blockchaincenter.net\/cryptocurrency-correlation-study\/?timeframe=90days&#038;asset1=SP500&#038;asset2=BTC#correlationtable\">BlockchainCenter<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Bitcoin and gold prices moved largely in opposite directions, but the correlation was a modest negative (-0.03). The correlation of Bitcoin with the S&#038;P 500 and Dow Jones remained positive, strengthening versus September (0.27 vs 0.17).<\/li>\n<li>The rising correlation between Bitcoin and equities may be linked to the launch of crypto\u2011ETFs in the US. As the asset class is embraced by institutional investors, this relationship could intensify.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"532\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-1024x532.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154868\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-1024x532.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-300x156.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2-768x399.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti-2.png 1052w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Fear and greed index dynamics. Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">alternative.me<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"612\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-volatilnosti-bitkoina-1.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154875\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-volatilnosti-bitkoina-1.png 904w, https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-volatilnosti-bitkoina-1-300x165.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-volatilnosti-bitkoina-1-768x422.png 768w\" sizes=\"auto, (max-width: 904px) 100vw, 904px\" \/><figcaption>Bitcoin price volatility index (historic volatility). Data: <a href=\"https:\/\/satochi.co\/\">satochi.co<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In October the historical volatility indicator aSOPR remained above 1. This signals improving market sentiment and that most investors are taking profits rather than selling at a loss.<\/li>\n<li>The Stock-to-Flow Deflection indicator sits well below 1, implying Bitcoin is undervalued according to the PlanB stock\u2011to\u2011flow model. However, since mid\u2011July the indicator has risen, suggesting an approaching market-cycle shift.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-1024x576.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154886\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score.png 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Bitcoin MVRV Z-Score indicator dynamics. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=market.MvrvZScore\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-stock-to-flow-deflection-1024x576.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154884\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-stock-to-flow-deflection-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-stock-to-flow-deflection-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-stock-to-flow-deflection-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-stock-to-flow-deflection.png 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Stock-to-Flow Deflection indicator. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=indicators.StockToFlowDeflection\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Throughout October the aSOPR indicator stayed above 1, signalling improving sentiment and that most investors take profits rather than selling at a loss.<\/li>\n<li>The Stock-to-Flow Deflection indicator sits well below 1, suggesting Bitcoin is undervalued per the PlanB model. Since mid\u2011July, the indicator has risen, implying an approaching cycle shift.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>On-chain data<\/strong><\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"889\" height=\"553\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-001-BTC.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154881\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-001-BTC.png 889w, https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-001-BTC-300x187.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-001-BTC-768x478.png 768w\" sizes=\"auto, (max-width: 889px) 100vw, 889px\" \/><figcaption>Dynamic of addresses with balance above 0.01 BTC. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Addresses&#038;ema=0&#038;m=addresses.MinPointZero1Count&#038;mAvg=0&#038;mMedian=0&#038;s=1451581818&#038;u=1635638400&#038;zoom=&#038;%E2%80%A6\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"986\" height=\"582\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-01-BTC.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154882\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-01-BTC.png 986w, https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-01-BTC-300x177.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-adresov-s-balansom-bolee-01-BTC-768x453.png 768w\" sizes=\"auto, (max-width: 986px) 100vw, 986px\" \/><figcaption>Dynamic of addresses with balance above 0.1 BTC. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Addresses&#038;ema=0&#038;m=addresses.MinPoint1Count&#038;mAvg=0&#038;mMedian=0&#038;s=1479554474&#038;u=1635638400&#038;zoom=&#038;%E2%80%A6\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>The number of addresses with a balance of 0.01 BTC or more in October approached the historical high reached in April at 9,161,934.<\/li>\n<li>The 0.1 BTC+ category hit a October high of 3,258,532. The previous peak was 3,258,100 on 22 April.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-1024x576.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154883\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average.png 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Dynamic of the aSOPR indicator. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=indicators.SoprAdjusted&#038;mAvg=7&#038;mMedian=0&#038;s=1541101480&#038;u=1635709480&#038;zoom=1095\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"612\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-sharpa-1024x612.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154876\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-sharpa-1024x612.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-sharpa-300x179.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-sharpa-768x459.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/koeffitsient-sharpa.png 1045w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Sharpe ratio dynamics for Bitcoin relative to other assets (four-year period). Data: <a href=\"https:\/\/charts.woobull.com\/bitcoin-risk-adjusted-return\/\">Woobull Charts<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Throughout October the historical volatility indicator aSOPR remained above 1. This signals improving market sentiment and that most investors take profits rather than sell at a loss.<\/li>\n<li>The Stock-to-Flow Deflection indicator sits well below 1. This implies Bitcoin is undervalued according to PlanB\u2019s stock-to-flow model. Since mid\u2011July values have risen, signaling a forthcoming market-cycle shift.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"612\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-1024x576.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154886\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-mvrv-z-score.png 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Dynamics of the MVRV Z-Score indicator. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=market.MvrvZScore\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<p>Values of the MVRV Z-Score metric are still far from the overbought zone (highlighted in red). Therefore, the bull market is not yet over.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"wp-block-heading\"><strong>Ethereum<\/strong><\/h3>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"500\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-sutochnogo-chisla-sozhzhenyh-ETH-1024x500.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154890\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-sutochnogo-chisla-sozhzhenyh-ETH-1024x500.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-sutochnogo-chisla-sozhzhenyh-ETH-300x147.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-sutochnogo-chisla-sozhzhenyh-ETH-768x375.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/dinamika-sutochnogo-chisla-sozhzhenyh-ETH.png 1220w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Daily ETH burned. Data: <a href=\"https:\/\/etherscan.io\/chart\/dailyethburnt\">Etherscan<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/balansy-ethe-na-tsentralizovannyh-birzhah-1024x572.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154891\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/balansy-ethe-na-tsentralizovannyh-birzhah-1024x572.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/balansy-ethe-na-tsentralizovannyh-birzhah-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/balansy-ethe-na-tsentralizovannyh-birzhah-768x429.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/balansy-ethe-na-tsentralizovannyh-birzhah.png 1236w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Ethereum balances on centralized exchanges. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=&#038;m=distribution.BalanceExchanges&#038;s=1633167919&#038;u=1635759919&#038;zoom=30\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Since the activation of EIP-1559 in August, the network burned more than 712,000 ETH (about $3 billion) \u2014 of which over 297,000 ETH in October (about $1.28 billion).<\/li>\n<li>Daily burned supply remains correlated with price: on October 29 Ethereum hit a fresh high above $4,400 \u2014 a day earlier the network burned a record amount (16,852.13 ETH).<\/li>\n<li>The trend toward shrinking Ethereum balances on centralized exchanges strengthened: since the start of October, ETH supply on these platforms fell 5.52% and 11.57% year\u2011to\u2011date.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"612\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/kolichestvo-ETH-na-depozitnom-kontrakte-chislo-validatorov-1024x612.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154893\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/kolichestvo-ETH-na-depozitnom-kontrakte-chislo-validatorov-1024x612.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/kolichestvo-ETH-na-depozitnom-kontrakte-chislo-validatorov-300x179.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/kolichestvo-ETH-na-depozitnom-kontrakte-chislo-validatorov-768x459.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/kolichestvo-ETH-na-depozitnom-kontrakte-chislo-validatorov.png 1070w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Dynamics of ETH on the Ethereum 2.0 deposit contract and validators. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=ETH%202.0&#038;m=eth2.StakingTotalVolumeSum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1005\" height=\"615\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/chislo-adresov-Eth2-s-balansom-bolshe-32ETH.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154894\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/chislo-adresov-Eth2-s-balansom-bolshe-32ETH.png 1005w, https:\/\/u1f987.com\/wp-content\/uploads\/chislo-adresov-Eth2-s-balansom-bolshe-32ETH-300x184.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/chislo-adresov-Eth2-s-balansom-bolshe-32ETH-768x470.png 768w\" sizes=\"auto, (max-width: 1005px) 100vw, 1005px\" \/><figcaption>Dynamic of Ethereum 2.0 addresses with balance \u2265 32 ETH. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=ETH%202.0&#038;m=addresses.Min32Count\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In October the number of validators on the Beacon Chain exceeded 250,000 for the first time, rising 3.3% month\u2011over\u2011month.<\/li>\n<li>The number of ETH on the deposit contract continued to grow \u2014 by the end of October it exceeded 8 million. The market capitalization is now around $35 billion.<\/li>\n<li>The number of addresses with balance \u2265 32 ETH has been rising for the third month in a row, reaching 108,804 on 31 October.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<h3 class=\"wp-block-heading\"><strong>Lightning Network<\/strong><\/h3>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"897\" height=\"579\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/chislo-nod-i-kolichestvo-kanalov-seti-LN.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154895\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/chislo-nod-i-kolichestvo-kanalov-seti-LN.png 897w, https:\/\/u1f987.com\/wp-content\/uploads\/chislo-nod-i-kolichestvo-kanalov-seti-LN-300x194.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/chislo-nod-i-kolichestvo-kanalov-seti-LN-768x496.png 768w\" sizes=\"auto, (max-width: 897px) 100vw, 897px\" \/><figcaption>Nodes and channels in the Lightning Network. Data: <a href=\"https:\/\/studio.glassnode.com\/dashboards\/lightning-network\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"638\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/emkost-seti-LN-1024x638.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154896\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/emkost-seti-LN-1024x638.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/emkost-seti-LN-300x187.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/emkost-seti-LN-768x478.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/emkost-seti-LN.png 1135w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Lightning Network capacity. Data: <a href=\"https:\/\/bitcoinvisuals.com\/ln-capacity\">Bitcoin Visuals<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>With the appearance of simpler, more powerful node\u2011operators for the Lightning Network (LN), and its growing adoption in El Salvador, October saw a 10.5% rise in nodes and 7% more channels, reaching record levels. The LN capacity grew 6.9%, from 2959 BTC to 3162 BTC. September\u2019s figure rose by 25%.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Mining, hash rate, fees<\/strong><\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"472\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-8-1024x472.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154899\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-8-1024x472.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-8-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-8-768x354.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-8.png 1303w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Bitcoin hash-rate dynamics since year\u2011start, EH\/s. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;m=mining.HashRateMean&#038;s=1627938753&#038;u=1635714753&#038;zoom=90\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"709\" height=\"523\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Evolution-of-country-share.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154900\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Evolution-of-country-share.png 709w, https:\/\/u1f987.com\/wp-content\/uploads\/Evolution-of-country-share-300x221.png 300w\" sizes=\"auto, (max-width: 709px) 100vw, 709px\" \/><figcaption>Share of hash rate by country in Bitcoin. Data: <a href=\"https:\/\/cbeci.org\/mining_map\">CBECI<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In October the United States led in the share of Bitcoin hash rate (35.4%), up from to China\u2019s exit. Russia remained around 11.2% and Kazakhstan about 18.1%.<\/li>\n<li>Hash-rate leadership in the US reflected the country\u2019s broader role in the crypto market.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-6-1024x536.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154906\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-6-1024x536.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-6-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-6-768x402.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-6-.png 1039w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Dynamics of Ethereum hash rate, h\/s. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=&#038;m=mining.HashRateMean\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"995\" height=\"580\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednjej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-3.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154908\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-3.png 995w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-3-300x175.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-3-768x448.png 768w\" sizes=\"auto, (max-width: 995px) 100vw, 995px\" \/><figcaption>Average BTC- and ETH-transaction fees. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=fees.VolumeMean&#038;s=1627992520&#038;u=1635768520&#038;zoom=90\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>The hash rate of Ethereum also hit new highs. Over the past month the correlation with price rose by 6%, with a record high of 746.12 TH\/s on October 25.<\/li>\n<li>Against the NFT hype and DeFi growth, the average Ethereum transaction fee exceeded $50 again. The last time it was at these levels was early September, and before that \u2014 in May.<\/li>\n<li>Bitcoin\u2019s average transaction fee mostly hovered around $3\u2013$4. It will be interesting to observe after the Taproot soft fork, expected mid\u2011November, which should enhance privacy and scalability.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"472\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-4.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154910\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-4.png 760w, https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-4-300x186.png 300w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/><figcaption>Bitcoin miners\u2019 monthly revenues, $ mln. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1627996707&#038;u=1635772707&#038;zoom=90\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"979\" height=\"470\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-3.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154913\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-3.png 979w, https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-3-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-3-768x369.png 768w\" sizes=\"auto, (max-width: 979px) 100vw, 979px\" \/><figcaption>Ethereum miners\u2019 monthly revenues, $ mln. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1627996825&#038;u=1635772825&#038;zoom=90\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Bitcoin miners earned $1.72 billion, roughly on par with the record $1.74 billion in March.<\/li>\n<li>October mining revenue from Ethereum miners reached a record $2.9 billion, including $1.34 billion in transaction fees (46.2% of total revenue).<\/li>\n<li>One clear driver of increased miner revenues is the rapid rise in prices.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Trading volumes<\/strong><\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/obem-torgov-2-1024x569.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154916\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/obem-torgov-2-1024x569.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-torgov-2-300x167.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-torgov-2-768x427.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-torgov-2-1536x854.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-torgov-2.png 1678w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Trading volume on leading spot exchanges, $ bln. Data: <a href=\"https:\/\/www.cryptocompare.com\/coins\/btc\/charts\/USDT?p=1M\">CryptoCompare<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Trading volume on leading spot platforms reached $1.497 trillion in October \u2014 the third-largest figure in 2021.<\/li>\n<li>The three leaders remain Binance ($856 billion), OKEx ($173 billion) and Huobi ($149.6 billion).<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Futures and options<\/strong><\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-9-1024x571.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154918\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-9-1024x571.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-9-300x167.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-9-768x428.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-9-1536x856.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-9-0.png 1722w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Bitcoin and Ethereum futures volumes, $ bln. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=derivatives.FuturesVolumeDailySum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"472\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/otkrytyj-interes-1-1024x472.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154920\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/otkrytyj-interes-1-1024x472.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/otkrytyj-interes-1-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/otkrytyj-interes-1-768x354.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/otkrytyj-interes-1.png 1349w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Open interest in Bitcoin futures, $ bln. Data: <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">coinglass<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Open interest (OI) in Bitcoin futures in October neared an all\u2011time high \u2014 peak 21 October saw $26.4 billion. Bitcoin itself hit a price high above $67,000. For the month, volume traded was $1.9 trillion.<\/li>\n<li>On CME, total open positions rose by 216% \u2014 from $1.72 billion to $5.45 billion. Rising Bitcoin prices were aided by demand from large investors, including institutions. OI on FTX and Binance also hit record highs at $4.5 billion and $6.1 billion respectively.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"471\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Pozitsii-melkih-igrokov-Nonreportable-positions-1024x471.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154955\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Pozitsii-melkih-igrokov-Nonreportable-positions-1024x471.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Pozitsii-melkih-igrokov-Nonreportable-positions-1024x471-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Pozitsii-melkih-igrokov-Nonreportable-positions-1024x471-768x353.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Nonreportable positions on CME. Data: <a href=\"https:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/index.htm\">CFTC<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"919\" height=\"534\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-krupnyh-igrokov-institutsionalov-Commercial-na-CME.-Dannye-CFTC-2.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154958\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-krupnyh-igrokov-institutsionalov-Commercial-na-CME.-Dannye-CFTC-2.png 919w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-po-mikrofyuchersam-krupnyh-igrokov-institutsionalov-Commercial-na-CME.-Dannye-CFTC.-3.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-po-mikrofyuchersam-krupnyh-igrokov-institutsionalov-Commercial-na-CME.-Dannye-CFTC.-2-768x446.png 768w\" sizes=\"auto, (max-width: 919px) 100vw, 919px\" \/><figcaption>Position dynamics of large Commercial players on CME. Data: <a href=\"https:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/index.htm\">CFTC<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Large Commercial players became even more dominant in the Non\u2011Commercial category; in contrast, Nonreportable and especially Commercial players increased long positions.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"552\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-mikrofyuchersam-na-bitkoin-CME-1-1024x552.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154960\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-mikrofyuchersam-na-bitkoin-CME-1-1024x552.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-mikrofyuchersam-na-bitkoin-CME-1-300x162.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-mikrofyuchersam-na-bitkoin-CME-1-768x414.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-mikrofyuchersam-na-bitkoin-CME-1.png 1030w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Open interest in micro Bitcoin futures. Data: <a href=\"https:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/index.htm\">CFTC<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"515\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-po-mikrofyuchersam-krupnyh-igrokov-kategorii-Commercial-na-birzhe-CME.-Dannye-CFTC.-3.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154962\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-po-mikrofyuchersam-krupnyh-igrokov-kategorii-Commercial-na-birzhe-CME.-Dannye-CFTC.-3.png 770w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-po-mikrofyuchersam-krupnyh-igrokov-kategorii-Commercial-na-birzhe-CME.-Dannye-CFTC.-3-300x201.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-pozitsij-po-mikrofyuchersam-krupnyh-igrokov-kategorii-Commercial-na-birzhe-CME.-Dannye-CFTC.-3-768x514.png 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><figcaption>Position dynamics of micro futures of large Commercial players on the CME. Data: <a href=\"https:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/index.htm\">CFTC<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"856\" height=\"558\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-Ethereum-fyuchersam-na-CME-2.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154963\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-Ethereum-fyuchersam-na-CME-2.png 856w, https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-Ethereum-fyuchersam-na-CME-2-300x196.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Otkrytyj-interes-po-Ethereum-fyuchersam-na-CME-2-768x501.png 768w\" sizes=\"auto, (max-width: 856px) 100vw, 856px\" \/><figcaption>Open interest in Ethereum futures on CME. Data: <a href=\"https:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/index.htm\">CFTC<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Notably, open interest in micro Bitcoin futures surged about 150% in October, reaching 65,656 contracts. Each contract represents one-tenth of a Bitcoin.<\/li>\n<li>Relative to futures, CME terms mirror the broader futures market: long positions dominate among institutional investors, with a different mix elsewhere.<\/li>\n<li>Open interest in Ethereum futures also rose, with Non\u2011Commercial traders tending to short positions; Nonreportable and especially Commercials are building long positions.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"717\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-1024x717.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154965\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-1024x717.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-300x210.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-768x538.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1.png 1057w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Largest public companies holding Bitcoin in reserves. Data: <a href=\"https:\/\/www.buybitcoinworldwide.com\/treasuries\/\">Bitcoin Treasuries<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"717\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-1024x717.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" class=\"wp-image-154965\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-1024x-717.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-300x210.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1-768x538.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-publichnye-kompanii-uderzhivayushhie-v-rezervah-bitkoin.-Dannye-Bitcoin-Treasuries.-1.png 1057w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Top public companies holding Bitcoin in reserves. Data: <a href=\"https:\/\/www.buybitcoinworldwide.com\/treasuries\/\">Bitcoin Treasuries<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Across listed companies, crypto reserves were largely unchanged in dollar terms as Bitcoin rose. Riot Blockchain was an exception, with its digital holdings rising from 2687 BTC to 3534 BTC over the month.<\/li>\n<li>Weekly inflows into crypto funds in October reached a record $1.47 billion, linked to the successful launches of the ProShares and Valkyrie Bitcoin ETFs. Investments in these products totalled $1.24 billion.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\"> <strong>Major venture rounds<\/strong> <\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk has_ventures\">\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$700M<\/strong><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/digital-currency-group-valued-at-10-billion-after-private-sale-of-existing-shareholders-stock-worth-700-million\">Digital Currency Group<\/a>, the parent company of Grayscale, in a private stock sale to existing shareholders. Valuation placed at $10B.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$420M<\/strong><\/p>\n<p>Bitcoin exchange <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-raises-420-million-at-a-25-billion-valuation\">FTX<\/a> in a Series B-1 funding round. Sixty-nine investors participated, valuation reached $25B.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$400M<\/strong><\/p>\n<p>crypto payments startup <a href=\"https:\/\/u1f987.com\/en\/news\/media-moonpay-valued-at-3-4-billion-after-first-funding-round\">MoonPay<\/a> in a seed round led by Tiger Global Management and Coatue Management. Media reports value the project at $3.4B.<\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$400M<\/strong><\/p>\n<p>centralised crypto lending platform <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-network-raises-400-million-amid-regulatory-scrutiny\">Celsius Network<\/a> in a round led by WestCap and CDPQ. Valuation exceeded $3B.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$298M<\/strong><\/p>\n<p>TradingView, a financial analytics portal. At the close of the investment round the platform was valued at $3B.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$250M<\/strong><\/p>\n<p>Alchemy, an infrastructure blockchain platform, in a Series C round. Investors include a16z, Pantera Capital and others; valuation around $3.5B.<\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$152M<\/strong><\/p>\n<p>Sky Mavis, developer of NFT game Axie Infinity, in a Series B round. Media reports value the company at $3B.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$100M<\/strong><\/p>\n<p>CoinList, a platform for token sales, in Series A. Valuation around $1.5B.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$65M<\/strong><\/p>\n<p>Animoca Brands, a blockchain games provider, valued at $2.2B.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Regulatory highlights<\/strong><\/h2>\n<div class=\"reviews_has_halves stretch\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-81141\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-1.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" width=\"106\" height=\"80\"><\/p>\n<ul>\n<li>Russian Duma will consider restricting non\u2011qualified investors\u2019 crypto exposure.<\/li>\n<li>Deputy Finance Minister <a href=\"https:\/\/u1f987.com\/en\/news\/russia-denies-plans-to-ban-bitcoin-purchases-on-foreign-exchanges\">opposed<\/a> plans to ban buying Bitcoin on foreign exchanges.<\/li>\n<li>Aksakov proposed legally <a href=\"https:\/\/u1f987.com\/en\/news\/aksakov-proposes-codifying-miners-tax-treatment-in-law\">to set out<\/a> taxation for miners.<\/li>\n<\/ul>\n<\/div>\n<div class=\"review_single_blk has_region has_top_divider\">\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-full wp-image-116085\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" width=\"105\" height=\"79\"><\/p>\n<ul>\n<li>Zelenskyy <a href=\"https:\/\/u1f987.com\/en\/news\/zelensky-returns-law-on-virtual-assets-for-reconsideration\">reinstated<\/a> legislation on virtual assets for review.<\/li>\n<li>The head of the Ukrainian central bank <a href=\"https:\/\/u1f987.com\/en\/news\/ukraines-central-bank-chief-flags-regulators-concerns-over-digital-assets\">outlined<\/a> regulator concerns about digital assets.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-full wp-image-81142\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-1.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" width=\"105\" height=\"79\"><\/p>\n<ul>\n<li>SEC <a href=\"https:\/\/u1f987.com\/en\/news\/media-sec-to-regulate-stablecoins-in-the-united-states\">will regulate<\/a> stablecoins in the US.<\/li>\n<li>US Treasury <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-treasury-issues-sanctions-compliance-guidance-for-participants-in-the-crypto-industry\">issued<\/a> guidelines on sanctions compliance for participants in the crypto industry.<\/li>\n<li>FDIC chief said regulators <a href=\"https:\/\/u1f987.com\/en\/news\/fdic-chair-us-regulators-shaping-framework-for-banks-crypto-activities\">are focused<\/a> on developing guidance for banks\u2019 interactions with crypto markets.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"review_single_blk has_map review_2_map\">\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2644-15.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" width=\"2350\" height=\"1182\"><\/p>\n<div class=\"country_blk\" data-blk=\"1\"><strong>FATF<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/fatf-publishes-final-version-of-its-guidance-for-the-crypto-industry\">published<\/a> the final version of guiding principles for the crypto industry. <\/div>\n<div class=\"country_blk\" data-blk=\"2\"><strong>IMF<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/imf-urges-stronger-regulation-of-cryptocurrencies\">urged<\/a> stronger regulation of cryptocurrencies and warned of \u201ccontagion risks\u201d to global finance from stablecoins.<\/div>\n<div class=\"country_blk\" data-blk=\"3\"><strong>BIS<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/bis-issues-recommendations-on-regulating-stablecoins\">issued<\/a> guidance on stablecoins regulation.<\/div>\n<div class=\"country_blk\" data-blk=\"4\">Estonian Financial Intelligence Unit chief proposed <a href=\"https:\/\/u1f987.com\/en\/news\/head-of-estonian-regulator-proposes-revoking-previously-issued-cryptocurrency-licenses\">to revoke<\/a> licenses issued earlier for crypto firms.<\/div>\n<div class=\"country_blk\" data-blk=\"5\">G7 finance leaders <a href=\"https:\/\/u1f987.com\/en\/news\/g7-finance-leaders-outline-cbdc-development-recommendations\">presented<\/a> recommendations on CBDC development.<\/div>\n<div class=\"country_blk\" data-blk=\"6\">Pakistan\u2019s Supreme Court <a href=\"https:\/\/u1f987.com\/en\/news\/sind-high-court-orders-pakistans-government-to-regulate-cryptocurrencies\">ordered<\/a> government to regulate cryptocurrencies.<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Notable October events<\/strong><\/h2>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/Proshares_ETF-min.png);\"><strong><a href=\"https:\/\/u1f987.com\/en\/news\/trading-starts-for-proshares-first-us-bitcoin-futures-etf\">Trading began for the first US Bitcoin futures ETF from ProShares<\/a><\/strong><\/div>\n<p>On 19 October NYSE\u2011listed BITO began trading? an ETF on Bitcoin futures from ProShares. The fund posted the second-best debut by volume.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/mastercard_btc-min.png);\"><strong><a href=\"https:\/\/u1f987.com\/en\/news\/mastercard-to-add-bitcoin-payments-to-its-network\">Mastercard to add Bitcoin support to its network<\/a><\/strong><\/div>\n<p>Banks and merchants <a href=\"https:\/\/u1f987.com\/en\/news\/mastercard-to-add-bitcoin-payments-to-its-network\">will gain<\/a> the ability to integrate cryptocurrencies into their products. The move includes Bitcoin wallets, crypto-enabled cards, and loyalty programs whose points can be converted into digital assets. Mastercard will be a partner of Bakkt.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/USA_generic-min.png);\"><strong><a href=\"https:\/\/u1f987.com\/en\/news\/us-takes-the-lead-in-bitcoin-hashrate-share\">The US leads in Bitcoin hash-rate share<\/a><\/strong><\/div>\n<p>The United States <a href=\"https:\/\/u1f987.com\/en\/news\/us-takes-the-lead-in-bitcoin-hashrate-share\">has displaced<\/a> China from the top spot in Bitcoin\u2019s processing power. Since May 2021 the US share rose from 17.8% to 35.4%. Russia sits third at 11.2%, with Kazakhstan at 18.1%.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/Meta-1-min.png);\"><strong>Facebook is now Meta. NFTs in the metaverse from Zukerberg\u2019s company<\/strong><\/div>\n<p>On 28 October Facebook underwent a large rebrand \u2014 the company is now called Meta. This signals commitment to building a metaverse that runs on VR and AR headsets, mobile devices and gaming consoles. From 1 December, shares will trade under the ticker MVRS.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\"><strong>Quotes<\/strong><\/h2>\n<div class=\"review_single_blk has_quote s\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mask-Group-65.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" width=\"166\" height=\"166\">&#8220;Bitcoin at $43,000 is less risky than when it traded at $300. It has formed; huge venture investment is in the industry; big banks are in the game too.&#8221;<strong>Bill Miller<\/strong><em>Investor<\/em><\/p>\n<\/div>\n<div class=\"review_single_blk has_quote s\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mask-Group-66.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" width=\"166\" height=\"166\">&#8220;In the not-too-distant future people won\u2019t even realise they are using Bitcoin and the Lightning Network, the way internet users don\u2019t know how TCP\/IP works. They will be able to pay in the network as easily as sending a photo.&#8221;<strong>Elizabeth Stark<\/strong><em>CEO Lightning Labs<\/em><\/p>\n<\/div>\n<div class=\"review_single_blk has_quote s\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mask-Group-67.png\" alt=\"October 2021 in numbers: record Bitcoin ETF debut, meme-token rally and $2.9B for Ethereum miners\" width=\"166\" height=\"166\">&#8220;Crypto could be a unit of account, but it is very unstable. For moving funds from one place to another, yes; but for trading \u2014 especially trading energy resources \u2014 I think that remains premature.&#8221;<strong>Vladimir Putin<\/strong><em>President of Russia<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum hit all-time highs, a trend toward meme tokens and GameFi emerged, trading volume on leading spot exchanges approached $1.5 trillion, and the stablecoin market capitalization reached $125 billion \u2014 all in ForkLog\u2019s latest analytic report.<\/p>\n","protected":false},"author":1,"featured_media":52225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"4","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1740,1155,1211],"class_list":["post-52224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitcoin-industry-in-numbers","tag-games-and-gamefi","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"57","promo_type":"1","layout_type":"4","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=52224"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52224\/revisions"}],"predecessor-version":[{"id":52226,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52224\/revisions\/52226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/52225"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=52224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=52224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=52224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}