“It
feels
like
there
is
less
mental
bandwidth
for
traditional
finance
players
to
think
about
crypto
given
the
preponderance
of
macro
narratives
and
tradable
opportunities
around
Israel/Iran,
China
stimulus,
the
Fed
cuts,
and
Trump
election
odds,”
Joshua
Lim,
co-founder
of
crypto
trading
firm
Arbelos
Markets,
said
in
a
Telegram
message.
“Crypto
volumes
and
volatility
have
languished
while
the
crypto-native
community
itself
has
increasingly
rotated
into
short-lived
memecoin
narratives
and
away
from
majors,”
he
added.
Crypto
investors
who
overwhelmingly
anticipated
October
to
be
a
bullish
month
have
been
disappointed
with
prices
down
to
flat
for
the
month
so
far.