ZEROBASE WEEKLY 10.5–10.11 ZBT traded a wider, softer range this week, mostly between $0.076 and $0.090. It opened October 5 near $0.086, pushed toward $0.090 early in the week, then sold off with the broader market to a low around $0.076 on October 8 before a modest recovery to close near $0.082, down roughly 5%. Spot volume expanded on the decline days (into the $5–12 million range) and liquidity stayed orderly, with the bid holding and spreads not blowing out on the dip. Crypto spent the week digesting elevated yields, oil volatility, and a midweek equity scare. Total market capitalization finished near $2.80 trillion, down about 3.6% from the October 4 wrap. Bitcoin dominance edged up to 59.5% from 58.9%; Ether’s share slipped to 10.9%. Only 9 of the top 50 coins finished higher, and the median move was about −5.3%. Bitcoin opened the period near $86,600–$86,700 on October 5 (the week’s high), faded through midweek, printed a low around $80,650 on October 8, then stabilized and closed the wrap near $83,000, down about 2.6% on the week. That still left it roughly 34% below its all-time high and up about 6.9% over 30 days. Ether tracked lower with more damage, touching about $2,414 before finishing near $2,502, down about 7.3% on the week and essentially flat over 30 days. Solana lost closer to 9–10% and traded near $110 by the weekend. The 10-year Treasury yield opened the week at 5.311% (its highest since 2002) and stayed elevated in the low-to-mid 5.2–5.3% area, touching higher midweek after the September FOMC minutes showed most participants still expecting another hike by year-end. Brent crude rose about 2.4% to near $104.70 on residual Iran-related energy and shipping concerns plus weather effects; WTI held near $91–92. U.S. equities absorbed the crosscurrents better than crypto: the S&P 500 gained 1.15% to close at 7,811.54 (setting a record close on Tuesday at 7,818.93), the Nasdaq added 0.64% to about 27,366, and the Dow rose 0.93% to 51,655. A Thursday Financial Times report that OpenAI’s annualized revenue ran roughly $20 billion below earlier figures briefly pressured chip and AI-related names before a Friday recovery. U.S. spot Bitcoin ETFs recorded roughly $680 million in net outflows over the five sessions to October 9 (with the bulk on October 7–8), reversing the prior week’s modest inflows; Ether products also saw large withdrawals in a similar range. Liquidations spiked midweek—more than $1 billion in leveraged positions were cleared in a 24-hour window on October 8, the large majority longs—as Bitcoin briefly tested the low $80,000s. Funding rates on major pairs stayed near neutral to mildly positive, and Bitcoin futures open interest declined roughly 7% on Binance over the week. Crypto Fear & Greed Index cooled from the low 70s (greed) early in the week toward the mid-50s to low 60s (neutral/greed) by the weekend. On-chain signals stayed relatively constructive through the price action. A large share of supply remains in longer-term hands, futures leverage was reduced rather than expanded into the dip, and quieter sessions showed net coins moving off exchanges. Stablecoin supply edged lower by roughly $900 million on the week. In summary, October 5–11 was a digestion and deleveraging week after the early-October probe above $86,000–$87,000. High yields, residual geopolitical oil risk, and the midweek AI-revenue scare weighed more heavily on crypto than on equities. Bitcoin’s relative outperformance and rising dominance, together with cleared leverage and stable longer-term holder structure, left the market consolidating lower but not broken, with the $80,000–$82,000 zone as the nearer reference.