Odaily Planet Daily News: JPMorgan analyst Nikolaos Panigirtzoglou stated in a report this week that retail investors have been leaning towards "depreciation trade," which refers to profitable trades such as interest free assets in the face of a weakening US dollar and a decrease in real bond yields. Nikolaos Panigirtzoglou pointed out that spot Bitcoin ETFs attracted $1.3 billion in new investor funds in the first two days of this week, bringing their total October inflow to $4.4 billion, making it the third largest net inflow month since the spot Bitcoin ETF went public in January. In another measure of the "animal spirit" of retail investors, meme stocks and artificial intelligence related tokens also performed better than the overall cryptocurrency market. The concept of "animal spirit" was proposed by economist Keynes, emphasizing the influence of investor emotions and psychological factors on the market. He believed that the stock market was driven by investor confidence and expectations. Investors' confidence has increased, and the stock market usually performs well; However, with low investor sentiment, the stock market may experience a decline. (Golden Ten)