10x Research Market Updates

10x Research Market Updates

10x Weekly Crypto Kickoff – The Volatility–ETF Signal: What’s driving the Next Market Move

The Week Ahead in Crypto Markets

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10x Research
Oct 05, 2025
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Why this report matters

Bitcoin is rewriting the script again—this time with a move that looks far more deliberate than speculative. ETF inflows are surging to record levels, leverage is building, and volatility remains remarkably low for such a sustained momentum. Altcoins, however, are struggling to keep up, hinting that this rally is being driven by deeper structural flows rather than retail enthusiasm. Option markets are indicating that traders are quietly positioning for a significantly larger move into year-end. The macro calendar this month could act as a catalyst, with critical Fed and global events clustering together.

Main data points

Firm BTC volumes lift crypto’s market cap: The Cryptocurrency market cap stands at $4.18 trillion, 8% larger than the previous week, with an average weekly volume of $171 billion, 1% higher than the average. Weekly Bitcoin volume was $60 billion, 21% higher than average, while Ethereum volume was $38.7 billion, -3% lower than average. Ethereum network fees (0.26 Gwei) are in the 10th percentile range, which indicates low network usage.

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