Analyst: Bitcoin Rebounds Without Showing Overheating Signs, Seen as Healthy Bull Market Signal

Sept 28–Oct 4, 2026 #LookonchainWeeklyReport ?? Overview Stablecoin supply grew by $715.8M last week, DEX spot volume slipped and perp volume fell, while public companies added 3,342 BTC. ?? Stablecoin Market The total stablecoin market cap increased by $715.8M. ?? Spot &

Oct 5 Update: #Bitcoin ETFs: 1D NetFlow: +1,918 $BTC(+$164.22M)?? 7D NetFlow: +2,645 $BTC(+$226.41M)?? #Ethereum ETFs: 1D NetFlow: -23,533 $ETH(-$63.56M)?? 7D NetFlow: -52,114 $ETH(-$140.75M)??

According to data from BIT (bit.com), the Nasdaq index notched a new intraday record high, approaching 27,400 points at one point.

According to data from BIT (bit.com), TSMC's stock price rose by more than 1.7% intraday at one point, hitting a new high, with its total market capitalization reaching $2.5 trillion.

According to CoinDesk, global payments firm Stripe is expanding its stablecoin card business to global markets, betting that digital dollars can serve as an alternative payment method for consumers and businesses alongside traditional currencies. Stripe expects its stablecoin card program to cover more than 100 countries by the end of this year. Current clients include crypto exchange Kraken, fintech firm Ramp, and payment app Morse. Stripe announced that Henri Stern, CEO and co-founder of crypto wallet infrastructure company Privy, has taken on additional responsibilities to oversee Stripe’s stablecoin and crypto operations. Privy was acquired by Stripe last year. Stern noted that Stripe’s strategy is to integrate stablecoins into its existing infrastructure, rather than building a separate, standalone crypto payment system.

According to data from BIT (bit.com), SpaceX (SPCX) rose 4.17% intraday, breaking through $165 to currently trade at $165.38, marking a new high since hitting its bottom on August 3. BlockBeats previously reported that Morgan Stanley reaffirmed its "overweight" rating on SpaceX, setting a $300 target price, and noted the stock looks "very cheap" when factoring in its growth prospects. Analyst Adam Jonas stated that on a growth-adjusted basis, SpaceX’s trading valuation is roughly 40% lower than that of large-cap AI peers. Potential catalysts include the upcoming Starship flight, third-quarter financial results, Grok launch, and additional Neocloud deals, with a successful Starship capture likely being the largest catalyst since SpaceX’s IPO.