Analysis: The inflow of stablecoin funds has risen ahead of the interest rate decision, providing a supportive foundation for the pump.

BlockBeats news, on October 29, ahead of the Fed's interest rate decision tonight, the inflow of stablecoins is on the rise. Aside from the almost certain 25 basis point rate cut, traders are also watching for signs that the Fed may slow down the reduction of its balance sheet, which would further ease the financial environment and potentially be favorable information for risk assets. Trading activity is currently becoming subdued, with liquidity on centralized trading platforms significantly declining, and the order book depth is only at 40% of the level before the 1011 liquidation. According to Wintermute data, the supply of stablecoins has risen for the first time since September, indicating that “macro tailwinds are translating into new inflows.” Meanwhile, the funding rates for perpetual futures of most major tokens have now turned positive again, while the open contracts for BTC and ETH are “rebuilding at a steady pace.” Although Uptober shows slight signs of a false start, macro tailwinds, cooling inflation, stabilizing geopolitical tensions, and a dovish Fed are laying the foundation for further rises for the remainder of the year. Historical data shows that the fourth quarter has always been the strongest period for Bitcoin. The vast majority of analysts hold the view that a breakout seems imminent.