Standard Chartered Bank said that "if this week goes well," Bitcoin may not fall below $100,000 again. Analyst Geoffrey Kendrick pointed out that the Bitcoin-gold ratio has rebounded to slightly higher than the level before October 10. This ratio compares the market value of Bitcoin with the market value of gold and rises as the market value of Bitcoin grows. Another key signal of the market's renewed strength is that spot Bitcoin ETFs will usher in new inflows of funds. If even half of these funds flow back into Bitcoin ETFs from Monday to Wednesday this week, it will be a strong signal of rebounding market sentiment. In recent weeks, the inflow of funds into Bitcoin ETFs has lagged behind that of gold ETFs, and "some catching up is needed." (The Block)