According to CoinMeta, the Bitcoin premium index on Coinbase fell to -0.2037 on October 31, with a premium gap of -158. During the same period, the funding rate on Binance’s BTC platform rose to 0.0100, an increase of 123.6% compared to the past 30 days, while the number of open contracts on Binance decreased by 1.5% from a month ago. Additionally, on October 29, the US GDP was at 3.40%, and the Personal Consumption Expenditures Price Index ( PCE ) was at 3.65%. The price of Bitcoin dropped from $80,800 on October 27 to $77,900 on October 29. The correlation coefficient between Bitcoin prices and the US Dollar Index ( DXY ) over the past 90 trading sessions was -0.27.