Binance Research: Bitcoin has confirmed a "golden cross," potentially signaling a stronger market recovery.

BlockBeats news, October 6 — Binance Research released its October market report, stating that despite the Federal Reserve's first rate hike since 2023 and the failure of the CLARITY Act to pass, the total crypto market capitalization still rose 11% in September to $2.99 trillion.

Spot BTC ETFs saw net inflows of $3.49 billion for the month, turning 2026 net flows positive for the first time on September 23. BTC confirmed a "golden cross" on September 8, with the 50-day moving average crossing above the 200-day moving average, and the gap has since widened to about $7,500. Historically, such deep resets are often followed by a relatively strong recovery.