📣 SUMEX Monday Watchlist: Top Crypto Shakers (Nov 3)

The market is picking up the pieces 🧩. Confidence is creeping back after the October massacre, with BTC below $110K again despite easing liquidations. On Myriad, degens are betting heavy — a 69% chance ETH smashes $5K before gold.

We've moved past the Fed-driven panic, and the $3.7T market cap is a magnet for dip-buyers. Here’s your Monday cheat sheet. 👀

📢 THE BIG DEALS

📉 Uptober? More like Floptober → BTC's had the worst October since 2015, down -3.69% after six straight green years. The failure to hold $110K shows momentum is fading.

Without a dovish Powell rescue, we’re back to leaning on technicals. Even the correlation with gold is tightening as both react to global macro jitters — including China axing gold tax rebates.

🔑 Jobs data holds the keys → Crypto limped through a sleepy weekend as everyone waits for the US jobs report that may never come.

The vibe got weird after the Treasury Secretary basically said high rates might have crashed the economy, driving parts of it into recession. Traders are stuck debating whether rate cuts are a bullish signal or a panic button.

💰 Tether out-banks the banks → The stablecoin giant is flexing hard with $10B in profit this year — enough to beat Bank of America and nipping at the heels of Goldman Sachs.

All that cash comes from the fat yields on its $135B Treasury stash. And now they're coming for the US market with a compliant stablecoin, USAT, launching soon. Not bad for a crypto company.

🏦 ETFs bleeding but not dead → Don't let the October chop fool you — total ETF inflows for the month ($3.61B) still beat September's haul.

Yeah, BlackRock's IBIT saw its worst day since August 4 with a $291M bleed, but that's mostly macro FUD from Trump's China moves — plus a closed arbitrage window. The institutional pipes are still flowing.

WEEKLY GAINERS & PAINERS

🚀 Pumping: WBT (+26.0%) is finally waking up after months of snoozing, ripping from $40 to $54. The pump comes with a Juventus FC shoutout, a new trading competition, and some classic exchange hype doing its thing.

💣 Dumping: ENA (-30.0%) is getting wrecked by its upcoming $64M token unlock. With 2.5% of the supply hitting thin markets on Wednesday, this was a volatility bomb waiting to explode — and it just did.

🔮 MAKE-OR-BREAK DATA (US)

MON: ISM & S&P Manufacturing PMI → Manufacturing still in contraction. Any surprise strength = hawkish Fed fuel. Weakness = crypto-positive.

TUE: JOLTS Job Openings → Lower number = stronger case for December rate cut = bullish for crypto.

WED: ADP Employment → Expected to bounce back to +28K. A strong print = USD strength. Weakness = rate cut confirmation.

WED: ISM & S&P Services PMI → Services still expanding. Hot readings = risk-off mood. Cool down = supports the bull case.

FRI: Michigan Consumer Sentiment → Slight uptick expected. Weak sentiment = potential for future Fed support.

⚡️ With the government still shut down, we're all just guessing from sketchy private data. If that jobs report actually drops Friday, prepare for a reality check.

#cryptonews@sumex_official