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Jinse Finance reported that Glassnode stated: "In bitcoin perpetual contracts, the funding fees paid by long positions each month have dropped by about 62%, from $338 million per month in mid-August to the current $127 million per month. This highlights a clear macro downward trend in speculative demand, as traders are increasingly unwilling to pay interest to maintain long positions."

Jinse Finance reported that at the opening of the US stock market, the Dow Jones fell by 0.68%, the S&P 500 Index dropped by 1.12%, and the Nasdaq fell by 1.58%. Tesla (TSLA.O) dropped about 3% after Norway's sovereign wealth fund decided to vote against Musk's trillion-dollar compensation plan. Cryptocurrency-related stocks generally declined, with Riot Platforms (RIOT.O) and Robinhood (HOOD.O) both falling around 5%, and a certain exchange dropping more than 4%.