Fed Holds Rates Steady as BTC Briefly Breaks Above $81,000【MEXC Alpha Trader – Daily Market Brief (October 29, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $79,985.00 (-1.04%) | ETH $2,315.16 (-1.59%) | SOL $99.90 (-1.65%)

· Market Sentiment: Funding Rate +0.0031% | Fear & Greed Index 51 (Neutral)

· Federal Reserve: Rates remained at 3.75%–4.00%, with two officials favoring a rate hike; the two-year U.S. Treasury yield briefly declined after the decision. Further Reading Further Reading

II. Trading Signals / Hot Topics

· [Today's Focus] BTC | Briefly breaks above $81,000 after the rate decision as options expiry approaches.

· BTC, the broader market's liquidity anchor, briefly broke above $81,000 after the rate decision; BTC options with a notional value of approximately $10.92 billion expire on October 30.

· Analysis: Notional value is not actual trading volume, but hedging adjustments ahead of expiry could affect liquidity; a brief price quote does not represent the current price.

· Further Reading: 1 2

· [On-Chain] SOL | ETF outflows as institutional staking access expands.

· Spot ETFs for SOL, a proxy for high-frequency on-chain activity, saw net outflows of $19.16 million on October 27; Jupiter and BitGo launched an institutional validator.

· Analysis: ETF outflows reflect redemptions through that investment channel, while the custody and staking partnership does not mean new institutional capital has entered.

· Further Reading: 1 2

· [U.S. Stocks Focus] Robinhood | Crypto revenue falls as trading business diverges.

· Crypto trading platform Robinhood reported a 55% year-on-year decline in third-quarter crypto trading revenue, and its shares fell more than 7% in after-hours trading following the results; options and event contract revenue grew.

· Analysis: Growth in non-crypto businesses alongside shrinking crypto revenue reflects divergent trading demand across products.

· Further Reading: 1 2

III. Regulation & Major Events

· U.S. Treasury | Bessent said he would work to bridge the gap in crypto regulation between the SEC and CFTC. Further Reading

· Thailand | The Supreme Court ruled that Bitcoin is property under the law, but the ruling does not grant it legal tender status. Further Reading

· Solflare | The staking provider suffered a security incident, and rewards for affected nodes were suspended; user funds remain under the control of users' keys. Further Reading

IV. Platform-Exclusive Benefits

· Loss Protection Campaign (Round 4) (Futures)

· Alpha Trader October Trading Competition (Futures)

· Battle of the Brave V15 (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Fed Holds Rates Steady as Two Officials Call for a Rate Hike

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