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Bitcoin breaks above $110,000 on Nov 1 as decentralized perpetual futures exceed $1 trillion monthly turnover
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Bitcoin crossed $110,000 as decentralized perps volume surpassed $1 trillion monthly, while sentiment stayed cautious at 33 and institutional Ethereum allocations contributed optimism.
Crypto markets on Nov 1 observed Bitcoin reclaim and sustain levels above $110,000 supported by significantly elevated decentralized perpetual futures activity, which surpassed $1 trillion monthly turnover for the first time based on referenced reporting. Bitmain allocated $29.5 million into Ethereum which strengthened institutional flow confidence and underscored AI-linked compute interest penetrating on-chain liquidity. Market sentiment remained cautious however, with the Crypto Fear and Greed Index reading 33. Conditions remained hypersensitive to funding rates, short-term volatility catalysts and directional positioning across leverage structured markets as traders prepared for a potentially eventful start to November positioning cycles.