🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
QCP Capital: The market rebound provides support for "Rising October", and BTC needs to effectively break through $115,000 to confirm the upward trend.
On September 29, QCP Capital stated that after last week's dumping wave, crypto assets are showing initial signs of recovery. BTC and ETH have rebounded to $112,000 and $4,100, respectively. Despite significant capital outflow from ETFs (especially last Friday), spot prices stabilized sideways over the weekend, suggesting that quarter-end basis closes or redemptions may be the main reasons, and the market's ability to absorb selling pressure exceeded expectations. With the spot rebound, ETF capital flows this week will set the tone for institutional demand ahead of the seasonally bullish months. After a month of volatility, BTC's monthly rise still exceeds 3%, providing support for the so-called "Uptober". However, it should be noted that BTC must effectively break through the $115,000 level to confirm a new upward trend. The options market reflects this hesitation — as trader confidence rebuilds, the put skew and open interest for BTC and ETH are gradually returning to normal.