Bank of America: Global equity funds see record annualized inflows of $1.4 trillion; investor sentiment is bearish but short positions remain scarce.

According to HTX market data, Bitcoin has rebounded to break through the $70,000 level, with a 3.62% decline in the past 24 hours.

Crypto KOL XXAntiWar reviewed his trading activities this year, noting that his two largest losses stemmed from ZEC short positions, which he closed voluntarily to limit losses. Had he retained those positions, both would have been force-liquidated. Over the past several months, he spent most of his time trading ZEC swing positions, resulting in a net profit of roughly $20,000. This year’s gains came primarily from buying the storage sector on dips and swing trading HYPE. XXAntiWar shared that he had predicted ZEC would fall to $800 when the token was trading at $1200, but its price later surged to $1600. By the time ZEC pulled back to the $800 level, he no longer held any short positions. He emphasized that in futures trading, one should never stubbornly hold losing positions or add margin; excessive position sizes and high leverage reduce adjustment room, and funds allocated to futures accounts should be prepared for total loss.

US Treasury Secretary Scott Bessent said excessive interest rate hikes would be inappropriate as the energy supply shock is set to subside. The Federal Reserve should focus on the future; the market is resilient, bond auctions are strong, and demand for the US dollar is robust. He voiced confidence in the economy, adding that conditions are very good with no warning signs.

According to monitoring by Onchain Lens, BlackRock transferred 2,100 BTC (worth approximately $145 million) and 30,760 ETH (worth approximately $60.21 million) from its ETF wallet to Coinbase Prime over the past hour. BlackRock’s current on-chain holdings stand at around 787,100 BTC (valued at approximately $54.44 billion) and 2.859 million ETH (valued at approximately $5.6 billion), with a combined total value of roughly $60.04 billion.

According to CNBC, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said multiple large crypto trading platforms and new entrants are interested in adopting the agency’s proposed federal regulatory framework. Some large trading platforms are already registered with the CFTC for offering derivatives like perpetual futures, and the proposed framework would allow them to expand into spot trading. New entrants, meanwhile, aim to obtain approval from a single federal regulator rather than complying with individual state regulatory requirements. After the CLARITY Act stalled in the Senate in September, the CFTC and the U.S. Securities and Exchange Commission (SEC) began leveraging existing statutory authority to advance digital asset regulation. The CFTC issued a pre-notice of proposed rulemaking for a retail crypto commodity trading framework on October 5. Selig noted that current law permits the CFTC to register platforms offering margin, leveraged, or financed commodity trading, adding that the framework remains in the proposal stage. When discussing prediction markets, Selig reaffirmed the CFTC’s stance that it holds exclusive regulatory authority over event-based contracts. In response to enforcement actions by some states that treat prediction markets as unlicensed gambling, he said the CFTC will take jurisdiction disputes to the U.S. Supreme Court if necessary.

U.S. October PPI year-on-year rate came in at 6.5%, against expectations of 6.6% and a prior reading of 6.30%.