Welcome to Markets Desk, here's what's moving right now.
Analyst sentiment on Chinese auto names took a sharp turn lower today. Great Wall Motor's consensus price target on the OTC market was slashed by more than a third, falling to eleven dollars and ninety-five cents from eighteen dollars, a signal that the street is meaningfully reassessing growth expectations for the Chinese automaker amid persistent headwinds in the sector.
Shifting to digital assets, Bitcoin ETFs had a rough Thursday, bleeding six hundred thirty-five million dollars in a single session. That one-day hit was enough to flip October into the red, with US spot Bitcoin ETFs now sitting at a net outflow of one hundred seventy-five million dollars for the month, snapping what had been a fragile three-day inflow streak.
And staying in crypto, Indian exchange CoinDCX is under scrutiny after old wallet addresses caused failed deposit sweeps, resulting in user losses the exchange says it absorbed. The situation is complicated by blockchain investigator ZachXBT's allegation of a fifteen point eight million dollar discrepancy that remains publicly unreconciled, keeping pressure on the platform's credibility.
That's the tape. Markets Desk, signing off the floor.
