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Glassnode stated that recent investors buying BTC have exited the strong sell-off zone. Almost all short-term holders are in profit, and this proportion has now fallen to about 70%.For investors expecting the upward trend of BTC to continue, the current entry conditions have clearly improved compared to a month ago. The decrease in the profit ratio of short-term holders indicates that the pressure from profit-taking in the market has eased, but this does not mean that BTC will necessarily rise in the future.

Reuters reported on October 26 that amid fluctuations in global tech stocks, Chinese artificial intelligence and semiconductor-related stocks have already declined. The STAR50 index, dominated by mainland artificial intelligence and semiconductor leaders, has dropped 40% in less than four months, with a market value evaporating by about $480 billion. The CSI 300 index has fallen about 20% from its June peak, interrupting nearly two years of gains. Beijing fund manager Dong Baozhen said: The stock market has evolved into a speculative frenzy bull market, and now the bubble is bursting. Traders noted that the decline does not have a clear single trigger factor; high prices, tax bills, and the possibility of the U.S. or other countries banning Chinese equipment from entering data centers have all had an impact. During the same period, the Nasdaq has retreated 6% from its record high three weeks ago.Goldman Sachs stated that AI stocks account for 42% of China's market value and 57% of the trading volume of mainland A-shares and Hong Kong H-shares. When the robotics company Yushu went public, retail investors oversubscribed by about 8,000 times, and since trading began in August, its stock price has fallen by about half; chip company Changxin Storage has dropped more than a quarter in the past month. Mu Xi Integrated Circuit and Moore Threads saw their stock prices rise by about 700% and 400% respectively on their first day of trading last year, but have also fallen by about half since July. Optical module companies Zhongji Xuchuang and Guangxun Technology have dropped about 60% from their June and July peaks, partly due to the U.S. moving towards banning these companies from supplying to U.S. data centers. Hainan investor Chen Wensheng said: He bought Yushu because he felt official support and that there were state-owned background funds investing, but he is currently suffering losses with friends.The STAR50 is currently still about 100 times its past earnings, having fallen from a high of nearly 250 times, with investors comparing it to the Nasdaq 100's price-to-earnings ratio of about 30 times. Hong Hao, Managing Director and Chief Investment Officer of Lotus Asset Management in Hong Kong, said: The current situation will cause many companies trying to go public to pause. Leo Wang, a partner at Beijing Qianchuang Capital, said: Overemphasizing the market capitalization weight of tech companies in major indices will create serious bubbles in certain industries and siphon off funds from other sectors. Wang Zhuo, a partner at Shanghai Zhuozhu Investment Management, said: Chip manufacturers and AI suppliers will ultimately fall into price wars like other Chinese manufacturers. HSBC Research stated that Asian funds have generally been selling over the past three months but are still overweight in China; Goldman Sachs' updated recommendation list this month includes Zhongji Xuchuang and Changxin Storage. The China Securities Regulatory Commission did not immediately respond to Reuters' inquiries; Chairman Wu Qing met with market participants earlier this month to hear suggestions for improving the capital market.

According to Binance spot market data, the market has experienced significant fluctuations. AVA has increased by 8.23% in 24 hours, and WOO has increased by 5.13% in 24 hours.At the same time, WCT has shown a "high and then low" state, with a decrease of 11.31% in 24 hours, and F has also shown a "high and then low" state, with a decrease of 6.54% in 24 hours. Other tokens such as ZRX, ATOM, AERO, SYRUP, MARSCOIN, and CFX have all reached new lows today, with declines ranging from 5.24% to 11.34%.

Bitwise released a report indicating that Bitcoin is currently holding resiliently around $82,000, a price level close to the spot ETF holding cost. Key support levels below include the short-term holder cost price of approximately $74,800 and the real market average of about $77,600. The former can serve as a reference for judging the short-term market direction, while the latter corresponds to the price level at which half of the invested capital in the market is in profit or loss. The price range formed by these two points may become the dividing line between bulls and bears.The trading range for Bitcoin over the past 30 days and 60 days has narrowed to 1.8% and 3.0%, respectively, with the implied volatility at-the-money for each term also approaching the lower end of the distribution range over the past three years. Among them, the 3-month and 6-month implied volatility are at the 0.8 and 0.2 percentiles of historical distribution, indicating that the market's pricing for future volatility has dropped to extremely low levels.So far this week, net inflows into U.S. Bitcoin spot ETFs have reached $1.074 billion, rising in sync with the cumulative trading volume of the spot market, providing support for Bitcoin prices and offsetting some macro pressures. However, realized profits in the market have also increased, particularly among long-term holders. Meanwhile, the net position change indicator for long-term holders is negative, suggesting they may be in a distribution phase, which could be one reason for the ongoing consolidation of Bitcoin prices.

According to Gate market data, spot gold has fallen below 4080 USD/ounce, with an intraday decline of 1.50%; spot silver has dropped below 56 USD/ounce, with an intraday decline of 3.40%.

The Hong Kong Hang Seng Index fell 2% to 23178.37 points. MiniMax's decline once reached 6.2%, dropping below the IPO issuance price.

According to The Block, Bitcoin's 28-day volatility has dropped to 1.2%, close to the lowest level since 2026, reflecting that current market trading activity remains sluggish.K33 analysts expect that as the Federal Reserve's interest rate decision next week and the U.S. midterm elections on November 3 approach, Bitcoin market volatility may rise.

According to The Washington Post, ABC News, and Ipsos joint polling, President Trump's approval rating has dropped to 33%, with a disapproval rating of 66%, among which 52% of respondents expressed strong disapproval of his performance. This approval rating is an 8 percentage point decrease compared to the same period last year and is lower than at any time during his first term.With two weeks to go until the U.S. midterm election voting day, the Republican Party is facing a severe political situation. Polls show that as inflation pressures mount and voter dissatisfaction rises, the Democratic Party's support in the struggle for congressional control is increasing; for the first time in over a decade, the Democratic Party has gained higher voter trust than the Republican Party on economic governance issues.Overall results indicate that American voters have lost confidence in the president, are deeply concerned about Trump's decision to wage war on Iran, and are experiencing the economic impacts of war, particularly the impact of rising gasoline prices on household finances.

According to CME's "FedWatch" data, the probability of the Federal Reserve maintaining interest rates in October is 84.5%, while the probability of a 25 basis point rate hike is 15.5%.

During the IMF meeting in Bangkok, Federal Reserve Chairman Kevin Walsh stated that he would not predict the outcomes of the remaining two interest rate meetings this year and was unwilling to disclose potential actions in advance. He said, "This is a new chapter for the Federal Reserve; we no longer do this." Regarding the recent signals from colleagues indicating "no urgency to raise interest rates this month," he neither explicitly supported nor refuted them. Walsh reiterated that the Federal Reserve will achieve price stability and noted that the global economy has largely aligned with central bank expectations since the interest rate hike in September, while describing the recent actions of various central banks as a synchronized tightening of monetary policy in most regions of the world.In September, the Federal Reserve unanimously raised interest rates by 25 basis points, increasing the target range for the federal funds rate to 3.75% to 4%. At that time, most officials expected at least one more rate hike this year. Despite the core CPI rising by 0.33% month-on-month in September, marking a strong increase for the second consecutive month, and the latest producer price data also being robust, Walsh hardly mentioned this week's inflation report and did not significantly attempt to change market expectations for the October meeting. Reports indicated that during his speech, the dollar weakened, and market bets on an interest rate hike in October dropped from about 30% to around 17%.Additionally, Walsh believes that the U.S. is experiencing significant investment growth and holds an optimistic view on economic resilience and the productivity boost brought by AI, but he warned that the development path will be "very bumpy," and the short-term impact of AI on employment remains unclear. DBS Bank macro strategist Wei Liang Chang stated that Walsh reiterated that artificial intelligence will improve productivity in the medium term, which may help ease inflation expectations and alleviate concerns about the Federal Reserve's consecutive rate hikes. Saxo Markets Chief Investment Strategist Charu Chanana noted that Walsh's refusal to commit to another rate hike led to some bets on Federal Reserve rate hikes falling flat, and related comments did not help the dollar following the release of strong inflation data.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.46%, the S&P 500 down 0.4%, and the Nasdaq down 1.29%. The chip sector opened lower for four consecutive days this week, with SK Hynix (SKHY.O) and SanDisk (SNDK.O) dropping 6%, Micron Technology (MU.O) down 3.9%, Western Digital (WDC.O) down over 5%, and NVIDIA (NVDA.O) down over 3%.

U.S. Treasury yields collectively declined, with long-term yields leading the drop. Market data shows that the yield on the U.S. 20-year Treasury bond is 5.434%, down 14.6 basis points for the day; the 30-year Treasury bond yield is 5.385%, down 14.1 basis points for the day; the 10-year Treasury bond yield is 5.054%, down 13.6 basis points for the day. The U.S. 7-year Treasury bond yield fell 13.5 basis points for the day, and the 5-year Treasury bond yield dropped 11.5 basis points.

According to Gate Market, Hong Kong stock large model stocks fell, Zhipu (02513.HK) and MINIMAX-W (00100.HK) both dropped over 10%.

According to Gate Market, Bitcoin rapidly dropped in the last hour, briefly falling to 80,230 USD, and then rebounded.As a result, in the last hour, the total liquidation across the network reached 484 million USD, with long positions accounting for 464 million USD. Among them, there were 3 individual long positions liquidated, each exceeding 10 million USD, all occurring on Binance.

According to Lookonchain monitoring, "Brother Magi" Huang Licheng has been completely liquidated. Over the past 4 months, he turned $56,000 into $12.25 million through trading, but has now fallen back to $21,800.

According to Gate market data, the South Korean KOSPI index fell by 7%. SK Hynix dropped by 10%, and Samsung Electronics fell by nearly 8%.

According to a report by Daum, while global exchanges are expanding into perpetual contracts, options, and traditional stocks, South Korean local exchanges are still limited to spot trading due to regulatory restrictions. Data from CoinGecko shows that in the second quarter of 2026, the total spot trading volume of the five major Korean won exchanges—Upbit, Bithumb, Coinone, DigitalX (formerly Korbit), and GOPAX—was approximately $14.67 billion, a decrease of 33.0% from $21.88 billion in the first quarter.Coinbase completed its integration with the derivatives exchange Deribit this month and plans to launch a unified platform covering spot, derivatives, and stocks; Binance is expanding into precious metals, stocks, and index-related perpetual contracts. Current regulations in South Korea prohibit local institutions from engaging in cryptocurrency derivatives business, and the upcoming virtual asset tax law only covers spot gains, with a lack of clear taxation mechanisms for overseas derivatives gains. The industry is concerned about the loss of competitiveness for local exchanges and tax inequities. South Korean financial regulatory authorities have yet to propose a specific timeline for the introduction of cryptocurrency derivatives trading.

According to Lookonchain monitoring, Bonk Guy (@theunipcs)'s portfolio value has dropped from a peak of 26 million dollars to 10.4 million dollars, shrinking by more than 15 million dollars.Meanwhile, PONS revenue has decreased from a peak of 11.42 million dollars to 103,600 dollars, with the token price falling by nearly 70%. Currently, Bonk Guy holds 10.9 million PONS, and the position value has decreased from a peak of about 10.3 million dollars to 3.47 million dollars.

On-chain data company CryptoQuant researcher Rei Researcher pointed out in a report released on Monday that as the Bitcoin supply on exchanges continues to shrink, the price of Bitcoin may see an upward trend. The report shows that the Bitcoin held by exchanges has decreased from 2.8 million in February to 2.67 million. The recent price of Bitcoin is around $83,485, remaining stable over the past 24 hours but rising 8% over the past 30 days, following the best-performing quarter in years.The report states, "If buying demand continues to improve while exchange supply remains low, Bitcoin could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend." The report adds, "More importantly, Bitcoin has rebounded from its lows in recent weeks, while exchange reserves continue to decline. This is a notable development, indicating that even as the market recovers, the supply available for trading is still decreasing." The report also notes that investors may be transferring Bitcoin out of exchanges and into cold wallets.In the first half of 2026, Bitcoin traded below $65,000 for most of the time. After reaching an all-time high of $126,080 in October 2025, the cryptocurrency has been in a bear market for most of this year. However, the situation changed in August when the U.S. Treasury doubled the scale of liquidity support repurchase operations, weakening the dollar while boosting non-yielding assets like Bitcoin. Analysts say that the so-called "devaluation trade" has heated up again, benefiting Bitcoin as it did in 2024 and 2025. Currently, the price of Bitcoin is still over 30% lower than its historical record.