#十月上涨行情能如期而至吗？ Seeing a friend asking if Q4 big A will continue to rise, will it suck blood from the crypto world? My answer is, if Q4 A shares can maintain such a rising momentum, regardless of the possibility, as long as it continues to rise after the National Day, I believe that some funds will inevitably be transferred from the cryptocurrency industry to A shares, but how much of these funds will be, let's discuss and see.

It is important to see who the main investors in the crypto world are now, and what their main layout is. There is no doubt that a series of recent topics have directed purchasing power towards US investors, which is an indisputable conclusion. US investors and USDC are currently the market makers for purchases.

So, will American investors not shift their investments to A-shares because of the pump of big A? After all, investors are profit-seeking. Would they not lay out when there are better profits?

Indeed, investors are all pursuing greater profits, but compared to the currently uncertain A-share Changhong and the slow-bull US stocks, where is the outbreak point for A-shares? Where is the outbreak point for US stocks? Compared to A-shares, which one is more favored by funding?

In comparison, the A-share market is mainly due to the 8 trillion yuan buyback, while the U.S. stock market not only has the boost of AI and technology stocks, but also an increase in risk appetite due to the interest rate cut, and the biggest Favourable Information for the U.S. stock market is the U.S. election.

So in the end, in Q4, it will become a game between the US election and the $80 billion targeted repurchase funds. Whichever one has a greater stimulus on the market, more funds will flow into it. The crypto world can be regarded as a technology stock in the US stock market, especially ETH which has already become equivalent to the US stock market. Therefore, the relationship between the crypto world and the US stock market will be closer.

From the perspective of the data I currently have, the pump or decline of A-shares will have an impact on the crypto world, but it will not be significant. Even if Q4 can maintain a pump of the same scale, its attractiveness to overseas investors is relatively limited.