Supply Shock

Bitcoin’s Worst October in 7 Years: The End of Uptober? | Boaz Sobrado

Oct 28, 2025
In this discussion, Boaz Sobrado, a seasoned fintech analyst focused on crypto and regulatory trends, reveals why October was a rough month for Bitcoin. He explores how institutions are reshaping market narratives and discusses the rise of corporate Bitcoin adoption. The conversation dives into the impact of exchange shifts, with CME growing in influence, and the possibility of 24/7 trading reducing volatility. Sobrado also examines the strategic accumulation of Bitcoin by governments and the potential for Square to boost merchant payments.
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ADVICE

Bring Perps Onshore With Clear Rules

  • Legalizing retail perpetuals could repatriate offshore trading volume to regulated US venues.
  • Encourage policymakers to create clear, supervised frameworks to restore domestic price discovery.
INSIGHT

CME Has Become The Institutional Hub

  • CME has overtaken Binance and Deribit in futures and options volumes, becoming central to institutional Bitcoin trading.
  • That shift creates a bifurcation: onshore regulated Bitcoin markets versus offshore altcoin venues.
INSIGHT

24/7 Regulated Trading Will Change Volatility

  • CME plans 24/7 trading by 2026, reducing weekend-driven price dislocations.
  • Continuous trading on regulated venues may lower volatility caused when exchanges are closed.
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