Binance Research: In October, the total market capitalization of the cryptocurrency market fell by 9.1%, and the pressure on AI capital expenditures has drawn attention

According to the Binance Research November 2026 market monthly report summary, the total market capitalization of the cryptocurrency market fell by 9.1% in October to $2.70 trillion. The report links the market correction to inflationary pressures, expectations of interest rate hikes by the Federal Reserve, and declines in technology stocks. During the same period, the net outflow from the US spot BTC ETF was approximately $516 million, while the net outflow from the ETH ETF was about $1.6 billion.

The report also mentions that the five major AI investment companies had a total capital expenditure of $230 billion in the third quarter, which is 2.2 times their operating cash flow, with a total free cash flow turning negative to about -$32 billion. Demand for AI inference continues to grow, but the revenue scale of related cryptocurrency inference service providers remains small. In addition, the tokenized stock product bStocks reached $1 billion in assets under management within 125 days of its launch, with an on-chain utilization rate of 18.54%, higher than the industry average of 13.91%.