Quant Trading

The crypto market experienced a significant correction in October, with total market capitalization declining approximately 10.4% month-over-month. BTC fell 7.3% and ETH dropped 16.0%, reflecting weakening risk appetite and on-chain dollar liquidity. Capital shifted noticeably toward stablecoins, with USDT fixed-term holdings increasing 37% month-over-month, becoming the primary source of growth. Gate BTC Dual Investment maintained competitive yields across 3–22-day terms, particularly for 9-day and 15-day products. Gate Quant Funds' USDT strategies delivered an average 30-day annualized return of approximately 4.6%, with an October drawdown of just 0.01%. Gate Stocks trading became more diversified, although holdings remained highly concentrated in technology, semiconductors, and aerospace, with SPCX and SK Hynix accounting for a combined 58.5%.

In October 2026, the crypto market ended two consecutive months of gains, with BTC, ETH, and SOL declining 7.3%, 16.0%, and 19.2%, respectively. Only approximately 13.2% of the Top 250 crypto assets posted positive returns, reflecting a significant contraction in market breadth. U.S. spot BTC and ETH ETFs recorded net outflows of $514.4 million and $1.6074 billion, respectively, while total crypto liquidations reached approximately $6.22 billion, with long positions accounting for 68.7%. Meanwhile, stablecoin supply contracted by approximately $7.5 billion, and DeFi TVL fell 10.87%, placing further pressure on liquidity across the Ethereum and Solana ecosystems. The report further examines the trading dynamics of 20/60-day trend filters, cross-sectional momentum, mean reversion, and funding rate arbitrage. Combining key BTC price levels with ETF flows and derivatives positioning, it assesses market trends, relative asset value, and strategy execution conditions for November.

In September, the crypto market shifted from the rapid rebound seen in August to range-bound trading at elevated levels. Gate Simple Earn holdings increased by approximately 14% month-over-month, driven jointly by demand for fixed-term USDT products and flexible BTC and ETH products. Meanwhile, Idle Earn continued to expand its product lineup with the addition of USD1, offering an annualized yield of up to 8.16%. Gate Dual Currency Investment also demonstrated a clear yield advantage, with the 2-day BTC Sell High product outperforming the market average by 30.1 percentage points. Among Quand Fund, Stellar Core Smart-Invest delivered the strongest performance, with a cumulative return of 19.2%. Stock trading remained dominated by U.S. equities, while holdings were highly concentrated in leading assets such as SpaceX and SK Hynix.

In September 2026, the crypto market continued to advance, building on the recovery seen in August. High-beta assets such as SOL and DOGE (+13.33%) outperformed BTC. Among the Top 500 cryptocurrencies, 369 posted gains while 96 declined, with an average return of +29.79% across the full sample. STONK (+1,456.56%) and ORBIO (+991.92%) ranked among the top performers. Among valid samples in September, the average trading volume expansion was approximately 2.43x, with a median of 0.95x. VTHO (181.47x) and QNT (82.94x) stood out at the top of the volume expansion rankings. The combination of rising prices and surging trading volumes emerged as one of the clearest structural signals in September.

Global equity markets advanced broadly in August, while the crypto market rebounded significantly, with BTC, ETH, and most major altcoins posting gains. Gate Simple Earn holdings expanded notably in the latter half of the month. Gate also launched Idle Earn for USDT with a 3% annualized yield, allowing idle funds to earn automatically once enabled. GUSD assets reached a record high of $257 million in mid-August. In Dual Investment, the 0-day BTC Sell High product offered an annualized yield of 89.1%, 12.5 percentage points above the market average. Among Quant Funds, Interstellar Hedge (USDT) ranked first with a 6.3% period return, bringing its cumulative return to 19.7%. Within Gate Stocks holdings, SpaceX and SK Hynix ranked first and second, accounting for 29.2% and 27.8%, respectively.

Risk assets advanced broadly in August, with BTC and ETH gaining approximately 25.1% and 32.6%, respectively. ETH led the crypto market despite higher volatility, while the NAS100 outperformed both the US500 and US30. Gate futures data showed continued growth in BTC and ETH open interest, alongside moderately positive funding rates. Long accounts remained dominant, although taker selling volume stayed relatively high. A wave of short liquidations also provided a temporary boost to the month’s rally. Across the four backtested models, the 100-day moving average and 20-day price momentum strategy delivered positive cumulative returns, with future execution focused on trend confirmation, volatility-based position sizing, and leverage risk control.

In August 2026, the crypto market continued its recovery and accelerated in the latter half of the month, with total market capitalization rising from approximately $2.24 trillion to $2.70 trillion, representing a monthly gain of around 20.66%. Among 489 valid samples, 365 recorded gains, accounting for 74.64% of the total, with a median return of 6.50%. BTC and ETH rose 23.67% and 29.95%, respectively, while long-tail assets such as PONS, BTR, and GOOSE led the gains. However, the sharp drawdowns in KAITO and US highlighted the need to remain cautious about token unlocks and liquidity risks. Over the month, 96 tokens saw trading volume increase by more than 3x, 46 by more than 5x, and 19 by more than 10x. Among tokens with volume growth exceeding 10x, 16 posted gains, two declined, and one remained broadly flat, indicating that positive price-volume momentum strengthened further compared with July.

In July, the crypto market continued its cautious recovery, with total market capitalization rebounding to $2.26 trillion, up approximately 7.6% month over month. As some capital shifted back toward stable-yield strategies, total GUSD issuance rose rapidly to approximately 215 million tokens. Gate Dual Investment delivered strong performance, with annualized yields on 0-day BTC Buy Low and Sell High products reaching 95.5% and 113.5%, respectively, outperforming the market averages by 34.4 and 32.6 percentage points. Among quantitative funds, Interstellar Pioneer led with a monthly return of 4.2%, while Interstellar Hedge recorded a cumulative return of 19.1% and maintained a 100% monthly win rate for 25 consecutive months. In terms of stock holdings, SK Hynix and SpaceX ranked as the top two positions, accounting for 59.3% and 15.2%, respectively.

July’s crypto market saw a tiered recovery. BTC rebounded from its lows but failed to hold its monthly high, while ETH clearly outperformed, supported by sustained spot ETF inflows and a stronger ETH/BTC ratio. SOL lagged, indicating that capital remained concentrated in core assets rather than spreading broadly across altcoins. Derivatives leverage eased and funding rates stayed near neutral, suggesting the recovery was driven more by spot and ETF demand. Although the 20/60-day trend filter remained unprofitable in backtesting, it significantly reduced maximum drawdown, highlighting the continued importance of trend confirmation and risk control.

In July 2026, the crypto market staged a partial recovery following the June correction. The combined market capitalization of the Top 500 sample rebounded from approximately US$2.11 trillion to US$2.28 trillion, representing a monthly gain of around 8.31%. Among the valid sample, 258 tokens advanced and 218 declined, with gainers accounting for 52.33%. BTC rose 10.54% and ETH gained 22.13%, while DeFi and mid-cap assets were particularly active. The top performers were broadly concentrated across meme/community assets, AI/InfoFi, DeFi blue chips, gaming, and long-tail ecosystem tokens. AKE, KAITO, and UNI were among the leading gainers, while sharp drawdowns in PRN, LAB, DEXE, VELVET, and CASHCAT highlighted the persistently elevated risks in long-tail assets. Among valid tokens, the average trading-volume expansion multiple was approximately 1.21×, while the median stood at 0.80×.

Robinhood Chain represents one of the most significant efforts by a traditional financial institution to build on-chain financial infrastructure. Its long-term vision is to establish a comprehensive ecosystem for tokenized financial assets centered around tokenized stocks, ETFs, stablecoins, and other RWAs. However, contrary to initial market expectations, the ecosystem's early growth was driven by Memes, Launchpads, and the Uniswap ecosystem rather than RWAs, reflecting the typical evolution of a new blockchain during its bootstrapping phase. Over the long term, Robinhood Chain's success will depend on whether it can leverage its early user base, trading activity, and liquidity to foster the adoption of tokenized securities and broader on-chain financial assets, ultimately establishing a sustainable on-chain financial infrastructure.

Gate Wealth Report H1 2026 analyzes crypto market trends, Simple Earn, Dual Investment, On-Chain Earn, and Gate Stocks performance, highlighting yield strategies and asset allocation insights.