Gate Institutional Weekly: U.S. Stocks Retreat After Rally, Risk Events Drive a Surge in On-Chain MEV Revenue(October 26 – November 1, 2026)

Over the past week, stronger economic growth and inflation data reinforced the Fed’s high-interest-rate stance, weighing on U.S. equities, gold, and crypto assets. Spot BTC and ETH ETFs recorded net outflows of $202 million and $431 million, respectively. Gate TradFi weekly trading volume rebounded to approximately $11.5 billion, marking a third consecutive weekly increase, while trading shares of ETFs, Hong Kong stocks, and South Korean stocks expanded. On-chain liquidity continued to contract, with stablecoin supply declining 1.4% and Aave borrowing balances falling 2.9%, while stablecoin borrowing rates rose significantly. In derivatives, BTC OI increased 1.06% WoW, with funding rates positive for most of the week. However, options skew remained negative across all maturities, and DVOL briefly climbed to 44.25, signaling rising hedging demand.

Last Week’s Market Highlights:

• Market Overview: The S&P 500, Nasdaq, and Dow Jones fell 0.57%, 2.00%, and 0.85%, respectively. Gold declined approximately 3.0% WoW, while crypto assets also came under pressure.

• ETF Flows: Spot BTC and ETH ETFs recorded net outflows of approximately $202 million and $431 million, respectively, reflecting more cautious institutional positioning.

• Gate TradFi: Weekly trading volume rebounded to approximately $11.5 billion, marking a third consecutive weekly increase. U.S. equities remained dominant, while ETFs, Hong Kong stocks, and South Korean stocks gained share.

• On-chain: Stablecoin supply declined 1.4%, while Aave borrowing balances fell 2.9%.

• Derivatives: BTC perpetual OI increased 1.06% WoW, while options OI fell 25.01%. Skew remained negative across all maturities, and DVOL briefly reached 44.25, indicating stronger demand for downside protection.

Discover more details today → Gate Institutional Weekly: U.S. Stocks Retreat After Rally, Risk Events Drive a Surge in On-Chain MEV Revenue(October 26 – November 1, 2026)

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
November 4, 2026

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