Bitget UEX Daily Report | AI Return Concerns Weigh Heavily on Tech Stocks; OPEC+ Maintains Production Levels; Bitcoin in Weak Recovery

Bitget's daily market report highlights a broad tech-led selloff, with the Nasdaq falling 2.86% and the S&P 500 down 1.82% on October 30 as all seven major tech stocks declined, led by Intel's 28.58% plunge to $65.76 despite Q3 revenue of $16.5 billion (up 21% YoY) and Q4 guidance of $15-16 billion. Amazon fell 1.41% to $240.35 despite AWS revenue growing 39.3% to $45.98 billion, as trailing 12-month free cash flow showed a net outflow of $42.4 billion, intensifying scrutiny of AI capex payback. Seven OPEC+ members including Saudi Arabia and Russia maintained December production targets on November 1, with the next meeting set for November 29, while US Q3 employment costs rose 0.8% QoQ and 3.4% YoY, keeping inflation pressure in focus alongside the October ISM manufacturing PMI. Crypto markets were mixed: BTC traded near $78,182.50 (up 0.63% in 24 hours) and ETH near $2,274.63 (up 0.53%), but total crypto market cap fell 3.25% to about $2.61 trillion, with crypto-linked equities hit hard—Coinbase down 10.62%, Strategy down 7.84%, and Robinhood down 7.21%. Glassnode estimated the aggregate US spot BTC ETF cost basis at roughly $81,500 (price about 4.15% below it), while Strategy disclosed holdings of 848,517 BTC at an average cost near $75,446 (price about 3.54% above it). Tether's Q3 attestation showed roughly $191.5 billion in total reserves as of September 30, about $7