1Price and market
- Overnight, as of 1:30 AM ET on Oct 27, Bitcoin traded at $79,789: down 0.5% in 24 hours, 3.9% on the week and 5.5% on the month.Binance
- The 24-hour range was $79,451–80,845: BTC climbed above $80,800 during the US session but slipped back below $80,000 in Asian trading while the US slept.Binance
- Saturday's low of $79,221 remains the bottom of the week and the month; the weekly high is $84,898 and the monthly high $87,220.Binance
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- Binance BTC/USDT spot volume over 24 hours was 14,852 BTC (about $1.19 billion): busier than a sleepy Monday, but no surge.Binance
- Bitcoin's market cap stands at $1.60 trillion with 59.4% dominance; the total crypto market lost 2.0% in 24 hours to $2.69 trillion as altcoins fell harder.CoinGecko
- Bitcoin is 36.8% below its all-time high of $126,080 from Oct 6, 2025, and down 30.9% over the past year.CoinGecko
- Ether traded at $2,312 overnight (−0.5% in 24 hours) with 10.5% dominance; in Oct 26 recaps ETH and XRP were each down 1.8%, SOL and DOGE 1.1%.Coinpedia
- The Coinbase premium over Binance in dollar terms was −0.02% (−$17 per coin): US buyers are neither pushing nor propping up the price.Coinbase
- Bitcoin in other currencies: €71,390, £59,788, ¥12.56 million.CoinGecko
2Technical analysis
- The daily RSI(14) is 40.4: below the midpoint, but still well above oversold (30).Binance
- Daily MACD (−527) is below its signal line (−147), and the histogram deepened to −380 from −341 a day earlier: downside momentum is building again.Binance
- Price sits below the 50-day EMA ($80,760) and 20-day EMA ($81,737): $80,800 is the first resistance, and pressure stays on until it is reclaimed.Binance
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- The 200-day EMA ($76,490) and 50-week average ($75,804) are the key trend support; the golden cross from Sep 13 is still intact.Binance
- ETF buyers' average cost basis is about $81,300 per Coinbase Institutional: Bitcoin is below it, leaving fund holders slightly underwater.Investinglive
- Glassnode puts the True Market Mean at $77,600 and a dense cost-basis supply zone at $85,000–87,500 (Oct 21 research).Crypto
- The Mayer Multiple is 1.09 (price 9% above the 200-day SMA of $73,030), 56th percentile: neither overheated nor capitulating.CoinLab
- The 200-week average is $67,392, with Bitcoin 18.4% above it; the Pi Cycle ratio is 0.49 (SMA111 $74,474 vs. 2× SMA350 $152,648): a cycle-top signal is far away.CoinLab
- Fractals: in the two-week window 4 of 6 similar historical stretches ended higher (median +3.7%), in the 50-day window only 2 of 6 (median −4.0%), in the six-month window 6 of 6 (median +6.1%).CoinLab
- CoinLab's Market Temperature is 33 out of 100 vs. 38 a week ago: MVRV, the Mayer Multiple and the 200-week average keep the market in the cool zone.CoinLab
- Polymarket for noon ET on Oct 28 shows a median of $79,847, with half of outcomes in $78,568–81,205; odds of finishing above the overnight price are 51%, and the up/down market gives 53.5% to up.Polymarket
- Our base-case sideways range of $79,000–81,000 matches the center of the Polymarket distribution: neither market expects a big move before the Fed.Polymarket
- October targets on Polymarket: 42.5% for a touch of $82,500 by month-end and 44.5% for $77,500; $75,000 at 15.5%, $85,000 at 13.5%.Polymarket
3Derivatives
- Funding on Binance, OKX and Hyperliquid is +0.01% per 8 hours (11% annualized), on Bybit +0.0033% (3.6%): longs are paying nearly triple the monthly average (+0.0037%).Binance
- Binance BTC open interest is 97,171 BTC ($7.75 billion): up 2.4% in 24 hours after a week of declines, as leverage rebuilds into a falling market.Binance
- 69.5% of Binance accounts are long (ratio 2.28), top traders 1.94: the crowd is still betting on a bounce.Binance
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- Takers bought slightly more in the latest reading (1.04), but Glassnode's weekly perpetual CVD sank to −$288 million: sellers are in control.Glassnode
- Glassnode: futures open interest across exchanges is $37.5 billion (+2.7% on the week, near the top of its normal band), and weekly long-side funding payments of $2.1 million are above normal.Glassnode
- CoinLab's squeeze score is −40: funding plus long-heavy positioning among accounts and top traders point to a long flush risk, not a short squeeze.CoinLab
- Binance mark price ($79,761) is slightly below the index ($79,796): futures trade at a small discount to spot.Binance
- On Oct 26, CoinGlass counted $154 million in market-wide liquidations, $118 million of them longs and $32.9 million in Bitcoin: the market calmed after the $810 million weekend flush.Crypto
4Options
- DVOL is 38.3 vs. 37.3 a week ago: implied volatility is barely rising ahead of the Fed.Deribit
- The put/call open-interest ratio is 0.60; total Deribit open interest is 393,942 BTC (about $31.4 billion).Deribit
- Today at 08:00 UTC (4:00 AM ET), 3,042 BTC expire with max pain at $80,000; on Oct 28, 2,751 BTC expire, also with $80,000 max pain and a put tilt (1.09).Deribit
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- The big one is Oct 30 at 08:00 UTC (4:00 AM ET): 135,545 BTC, about $10.8 billion and a third of all open interest, max pain $78,000, put/call 0.55.Deribit
- The largest position in the October series is $95,000 calls (about 25,600 contracts as of Oct 17); puts cluster at $70,000–75,000 strikes.Cryptoticker
- Glassnode's 25-delta skew is 10.4% (8.9% a week earlier): downside protection is getting pricier and nearing the top of its normal band.Glassnode
- The implied-minus-realized volatility spread is 32.3% vs. 4.7% a week earlier: options price a bigger move than the market is delivering.Glassnode
- Nov 27 has 39,463 BTC open with $81,000 max pain; Dec 25 has 135,224 BTC with $75,000 max pain.Deribit
5ETFs and institutions
- US spot Bitcoin ETFs took in $110.3 million on Oct 26, all of it into BlackRock's IBIT; every other fund was flat.Crypto Briefing
- It is the first inflow after two days of redemptions: funds lost $773.5 million on Oct 22–23, including $635.6 million on Oct 22.Crypto
- The week of Oct 19–23 ended with $301.2 million in net inflows; month-to-date through Oct 26, the funds are still down roughly $200 million.Investinglive
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- Cumulative Bitcoin ETF inflows since launch exceed $57 billion; the funds hold about 1.28–1.3 million BTC worth $102–104 billion.Crypto Briefing
- Ether ETFs lost $88.6 million on Oct 26, and October outflows have topped $1.1 billion.Crypto Briefing
- Glassnode: ETF holders' MVRV is 1.4, just below its normal low band: fund buyers have a thinner profit cushion than usual.Glassnode
- Strategy neither bought nor sold Bitcoin during Oct 19–25: it holds 848,517 BTC acquired for $64.02 billion including fees.Crypto
- Instead of coins, the company bought back $204.9 million of STRC preferred shares, $590.4 million over three weeks; its USD reserve is $4.83 billion.Crypto
- Strategy (MSTR) shares fell 4.25% on Oct 26; the company reports Q3 results on Oct 29 after the close.Hdfcsky
- Public companies hold 1,312,578 BTC ($104.6 billion, 6.25% of supply) across 181 treasuries; after Strategy, the largest are Metaplanet (44,000 BTC) and Twenty One (43,514 BTC).CoinGecko
6Sentiment and on-chain
- The Fear & Greed Index is 48 (Neutral) vs. 50 a day earlier, 55 a week ago and 70 a month ago.alternative.me
- MVRV on Oct 26 was 1.48, the 38th historical percentile: the average holder is up 48%, far from the overheated zone (above 2.5).Coinmetrics
- The short-term holder cost basis was $74,736 as of Oct 20: the market is 6.8% above it, so recent buyers are on average in profit.Bgeometrics
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- Glassnode weekly: 67.3% of supply is in profit (68.2% a week earlier), realized profits again exceed losses (0.8 vs. 0.6), and active addresses fell 2.2% to 615K.Glassnode
- Hot capital's share is 21.1%, well above normal, while spot CVD is −$80.5 million: more fast money in the coins, and selling on spot.Glassnode
- Per CryptoQuant, retail-sized deposits to Binance over 30 days hit a six-month high while whale deposits declined: small holders are selling, large ones are waiting.Crypto
- Stablecoin supply is $303.3 billion: down 0.7% on the week and $3.5 billion on the month, so fresh money isn't arriving.Defillama
7Mining
- Hashrate is 1,068 EH/s and difficulty 140.58T; the epoch is 81.3% complete, with 377 blocks left until the adjustment.mempool.space
- The next difficulty adjustment is expected Oct 29 at an estimated +6.4% after +5.9% last epoch: hashpower keeps growing despite the price drop.mempool.space
- Fees are at the floor, 1 sat/vB for both fast and within-the-hour confirmation: the network is uncongested.mempool.space
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- Block height is 973,351; 76,649 blocks remain to the halving, around Apr 11, 2028.mempool.space
- MARA Holdings, with 35,577 BTC, is the largest public miner by coins held.CoinGecko
8Macro
- On Oct 26 the S&P 500 rose 0.70% to 7,676.77, the Nasdaq 0.82% to 26,169.38 and the Dow 0.28% to 52,361.58; Bitcoin did not join the rally.Hdfcsky
- Tech was lifted by Anthropic's public IPO filing for a Nasdaq listing: first-half revenue of $16.3 billion and a net loss of $80.7 billion, mostly from accounting charges.Hdfcsky
- In Asia on Tuesday, the Nikkei 225 gained 2.2% (63,543) and the Kospi 3.6–4.0% on SK hynix and Samsung, while Hong Kong and Shanghai edged lower; US stock futures rose.News4jax
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- Oil is falling for a second day: Brent lost 1.8% to $114.6 on Monday and another 1% in Asia on Tuesday (about $114.7), WTI is near $100.9.France24
- The driver is talks in Tehran: ministers from Saudi Arabia, Turkey and Pakistan visited Iran, which called the discussions "very good"; the US, Iran and Israel still warn that fighting could resume.France24
- The 10-year Treasury yield was 5.00% on Oct 26 and 4.98% in Asian trading; the 2-year is 4.68%, down 9 bp in five days.Treasury
- The dollar index is 102.08 (+0.1%), USD/JPY 157.65; gold is $4,021 (−0.4% on the day, −2.9% over five days); the VIX fell 5.4% to 18.4.Yahoo Finance
- The Fed meets Oct 27–28: the decision is Wednesday at 2:00 PM ET, Kevin Warsh's press conference at 2:30 PM ET; the target range is 3.75–4.00% after September's hike.Federal Reserve
- Polymarket gives 93.6% to a hold and 6.5% to +25 bp; for December, 75% to a hike, with CME FedWatch at about 70%.Polymarket
- Today at 10:00 AM ET: the Conference Board consumer confidence index and US new home sales; the confidence release date has not been formally confirmed.Financecalendar
- Alphabet and Microsoft report Wednesday after the close, Amazon on Thursday; Meta announced a $35 billion stock sale: for AI-correlated Bitcoin, this is the week's No. 2 driver after the Fed.News4jax
- Oct 29 at 8:30 AM ET brings the first Q3 GDP estimate and September PCE; the ECB decides the same day, the Bank of Japan on Oct 30.Kucoin
9Regulation and events
- The OCC on Oct 26 urged community banks to issue stablecoins under the GENIUS Act: its rules take effect Jan 18, 2027, and applications are not yet open.CoinDesk
- The Independent Community Bankers of America is suing the OCC over trust charters for crypto firms, and Sen. Warren has asked the agency to explain nine such charters.CoinDesk
- CFTC Chair Mike Selig is pushing voluntary federal registration for crypto exchanges while the CLARITY Act is stuck in the Senate; Congress won't return to it until after the Nov 3 midterms.Dcdecentralized
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- Sen. Blumenthal on Oct 22 sent letters to Tether's CEO and to Polymarket and Kalshi, as scrutiny of crypto and prediction markets builds ahead of the elections.Dcdecentralized
- Canada opened a 60-day consultation on stablecoin rules, keeping its ban on issuer-paid yield.Crypto
- Today brings Israel's general election and a closed-door plenum of China's Communist Party; US midterms are Nov 3.France24
- Robinhood and SoFi report today after the US close; Coinbase and Strategy report Thursday, Oct 29.Decrypt