Most indicators have experienced a big Rebound! 11 charts review the October market, with record inflows into BlackRock ETFs.

For the encryption industry, in the just past October, most indicators finally began to rebound. This article will use 11 charts to review the encryption market conditions of the past month.

1. In October, the total on-chain transaction volume of BTC and Ether increased by 28.1% to $420 billion after adjustment, with BTC’s on-chain transaction volume increasing by 32.1% and Ether’s by 20.9%.

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2. After the October adjustment, the trading volume on the stablecoin chain rose by 8% to $899 billion, and the supply of stablecoins decreased by 0.7% to $149.3 billion. The market share of USDT and USDC is 79.5% and 16.9% respectively.

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3, BTCMiner income rose by 25.4% in October, reaching 1.02 billion US dollars. In addition, Ethereum stake income also stopped falling and rose to 2.215 billion US dollars, with a rise of 5.8%.

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4. In October, the Ethereum network burned 41,648 Ethercoins, worth about $105 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has burned a total of about 4.43 million Ethercoins, worth about $12.5 billion.

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5. In October, the trading volume of Non-fungible Tokens (NFTs) on the Ether blockchain rebounded, with a significant increase of 26.5%, reaching approximately 121.6 million US dollars.

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6. The Spot trading volume of Compliance Centralized Exchange (CEX) increased by 16.3% to $843 billion in October.

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7. In October, the net inflow of SpotBTC ETF showed positive growth, with an inflow amount of approximately USD 5.3 billion. On October 30th, the inflow of BlackRock’s IBIT reached a new high of USD 872 million.

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8. In terms of encryption futures, the open interest of BTC futures in October increased by 22.9%; the open interest of Ether futures increased by 14.6%; in terms of futures trading volume, the trading volume of BTC futures in October increased by 12.1%, reaching 1.25 trillion US dollars, and the trading volume of Ether futures increased by 4.8%.

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9. In October, the BTC futures open interest on the Chicago Mercantile Exchange increased by 21.5% to $12.5 billion (reaching a historical high), while the daily average trading volume rose by 9.6% to around $5.3 billion.

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In October, the monthly average trading volume of Ether futures increased to $488.8 billion, up 4.8%.

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11. In terms of encryption currency options, the open interest of BTC options in October increased by 35.76%, while the open interest of Ether options remained unchanged. In addition, in terms of the trading volume of BTC and Ether options, the monthly trading volume of BTC options reached 540 billion US dollars, an increase of 39.8%; the trading volume of Ether options was 102 billion US dollars, with a 4.7% increase.

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[Disclaimer] The market is risky, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, perspectives, or conclusions in this article are in line with their specific circumstances. Responsibility for investment is self-assumed.

This article is authorized for reprint from: ‘PANews’

Original author: The Block’s research director Lars