Source:Coinbase Compiled by: Golden Finance Key Points: Bullish signals in October: Weakening of the US dollar, increased liquidity, and rising federal fund futures prices signal a greater likelihood of a dovish stance by the Federal Reserve. Gold as an indicator of liquidity inflows: Bitcoin (BTC) shows a relatively high correlation with global liquidity, whereas gold does not exhibit consistent correlations. Impact of the US government shutdown: Coinbase’s outlook for the cryptocurrency market in October is tactically bullish. We believe that a weaker US dollar, increased short-term global liquidity, and the Federal Reserve’s cautious policy inclination towards rate cuts will create favorable conditions for the cryptocurrency market.