Bitcoin beat the S&P 500 on 56% of October sessions but still fell 4.25% for the month

• —Bitcoin's average edge in winning sessions was 0.71%, versus a 1.44% shortfall in losing ones
• —IBIT took in $5.7 billion from Aug. 3 to Oct. 26; all other funds combined added $221 million
• —Stablecoin supply is $12.7 billion below its May peak and the Coinbase premium stayed negative all October
• —The ETF cost basis sits near $81,300, with a break below $77,000–77,800 exposing $73,000–75,000