Crypto traders are navigating a volatile market following a $500 billion downturn in October. Analysts David Brickell and Chris Mills from the London Crypto Club highlight tightening liquidity indicators and suggest the Federal Reserve may soon conclude its quantitative tightening program. They foresee a short-term market correction before a potential rally into 2026. Despite ongoing trade war concerns, U.S. President Donald Trump has adopted a more conciliatory stance toward China. The Federal Reserve is anticipated to cut interest rates in October, potentially boosting risk-on assets like cryptocurrencies. However, financial stress in regional U.S. banks, including Zions Bancorp and Western Alliance, alongside economic weakness noted in the Fed's Beige Book, raises concerns about liquidity tightening.