By CrypticJungle · Cryptohub Research · Data through 2026-10-31 · Published 2026-11-02
AI-assisted. The text is drafted by AI (Anthropic's Claude) from the data shown on this page, then reviewed and published by CrypticJungle, who is responsible for it. The AI may only use figures from the data shown on this page.
October 2026 was a month of broad declines across crypto, with the sharpest losses in altcoins. Bitcoin posted its highest daily close of the month, $86,417.75, on October 4, then moved lower through most of the remaining weeks and finished at $77,446.62. Ether and Solana fell further in percentage terms. Fear & Greed dropped from 73 on October 1 to 31 on October 31, and both US spot Bitcoin and Ether ETFs recorded net outflows.
The headline numbers: Bitcoin returned -7.41%, Ether -16.12% and Solana -19.24%, with total crypto market cap at $2.63T and BTC dominance at 59.2% at month end. The Cryptohub Macro Cycle Score stood at 33/100. BTC derivatives saw $3.06B of liquidations, and DeFi total value locked fell 10.87% to $84.89B. The sections below take each of these in turn, from price action and ETF flows to whale activity and the macro calendar.
Bitcoin lost 7.41% in October 2026, closing at $77,447, with total crypto market cap at $2.63T at month end.
| Asset | Open | Close | High | Low | Return % |
|---|---|---|---|---|---|
| BTC | 83,648.98 | 77,446.62 | 86,789.89 | 76,360.18 | -7.41 |
| ETH | 2,686 | 2,253.01 | 2,754.29 | 2,191.63 | -16.12 |
| SOL | 118.13 | 95.4 | 123.37 | 93.78 | -19.24 |
Bitcoin lost 7.41% in October 2026, closing the month at $77,447 after opening it at $83,648.98, while total crypto market cap stood at $2.63T. BTC traded between a low of $76,360.18 and a high of $86,789.89 during the month, and its highest daily close of the month was $86,417.75 on October 4. It stood at $81,184.45 on October 28 before slipping to the month-end close.
Ether and Solana fell harder than Bitcoin. Ether returned -16.12%, closing at $2,253.01, and Solana returned -19.24%, closing at $95.40. BTC dominance was 59.2% at month end and ETH dominance was 10.5%, while the Altcoin Season Index read 62/100. Both Ether and Solana also posted their highest daily closes of the month on October 4 and finished October well below those levels.
Source: CoinGecko, CoinGlass. Daily closes at 00:00 UTC. Monthly open is the last close of the previous month. Market cap and dominance are from the daily snapshot taken at 23:50 UTC on the last day of the month.
The Cryptohub Macro Cycle Score ended October 2026 at 33/100 (Lower Mid-Range), down 14 points from the end of the previous month.
| Dimension | Score (month end) | Change over month |
|---|---|---|
| institutional | 0 | -100 |
| sentiment | 44.3 | -28.8 |
| rotation | 39.1 | -9.3 |
| leverage | 49.5 | 7.7 |
| cycle | 26.7 | -5 |
| crossmarket | 51 | 4.8 |
| onchain | 31.6 | -4.2 |
| retail | 26 | -3.5 |
| structure | 18.4 | -2.8 |
| mining | 47.3 | 1.3 |
The Cryptohub Macro Cycle Score ended October 2026 at 33/100, in the Lower Mid-Range band and 14 points below its reading at the end of September. The month average was 40/100. The score was 47 on October 1, stood at 36 on both October 16 and October 19, reached its month high of 48 on October 22 and its month low of 33 on October 31, when BTC was at $77,197 on the score date.
Among the ten dimensions, institutional scored 0 at month end, a change of -100 points over the month, and sentiment scored 44.3, down 28.8 points. Rotation was 39.1 (down 9.3), cycle 26.7 (down 5), onchain 31.6 (down 4.2), retail 26 (down 3.5) and structure 18.4 (down 2.8). Leverage, at 49.5, was up 7.7 points, crossmarket, at 51, was up 4.8, and mining, at 47.3, was up 1.3. Leverage, crossmarket and mining were the only dimensions that scored higher than a month earlier.
Source: Cryptohub Macro Cycle Indicator (42 indicators, 10 dimensions). The score measures position between historical cycle extremes (0 = extreme low, 100 = extreme high). It describes where the market sits, not which way it is heading, and it is not a trading signal. Read directly from the Trading God system that powers the Discord and the Markets dashboard, so the figures match everywhere.
US spot Bitcoin ETFs recorded -$516M of net outflows in October 2026, with 13 of 22 trading days positive.
| ETF | Net flow ($M) | Positive days | Trading days | Largest day ($M) |
|---|---|---|---|---|
| BTC | -516 | 13 | 22 | -643 |
| ETH | -1,607 | 3 | 22 | -202 |
| SOL | -113 | 1 | 13 | -28 |
| XRP | 19 | 7 | 22 | 8 |
US spot Bitcoin ETFs recorded -$516M of net outflows in October 2026, with 13 of 22 trading days positive. Spot Ether ETFs saw net outflows of $1,607M, with only 3 of 22 trading days positive. Spot Solana ETFs recorded net outflows of $113M, with 1 positive day out of 13 trading days, while spot XRP ETFs took in $19M, with 7 positive days out of 22.
The largest single BTC day was October 30, at -$643M. Earlier in the month, daily net flow peaked at $526.7M on October 19 and reached $524.8M on October 21, while October 7 saw outflows of $484.9M. On the Ether side, the largest single day was -$202M, and on October 30 ETH ETFs recorded -$155.7M. BTC ETF net assets stood at $149.3B at month end, down 0.41% over the month.
Source: CoinGlass. Daily net flows of US spot ETFs in millions of USD.
BTC open interest ended October 2026 at $52.91B, up 0.42% over the month. $3.06B of BTC positions were liquidated, mostly longs (69% long).
BTC open interest ended October 2026 at $52.91B, up 0.42% over the month, while $3.06B of BTC positions were liquidated, 69% of them longs. Long liquidations totaled $2.11B and short liquidations $0.95B. The largest liquidation day was October 29, at $347M.
Open interest ranged between $51.28B and $55.95B during the month. It stood at $55.26B on October 4 and at $51.45B on October 10, then at $54.13B on October 28. Funding on BTC perpetuals averaged 0.0056% on an open interest weighted basis, quoted per 8-hour interval, within a range of -0.0002% to 0.0107%. The global long/short ratio was 2.84 at month end, against a monthly average of 1.66.
Source: CoinGlass. Funding is the OI-weighted rate for BTC perpetuals per 8-hour interval (daily readings), in percent as reported by CoinGlass.
BTC held on exchanges rose by 15,003 BTC in October 2026 to 2,500,779 BTC.
BTC held on exchanges rose by 15,003 BTC in October 2026 to 2,500,779 BTC. The balance was 2,476,986 BTC on October 1 and fell to 2,455,365 BTC on October 8. It then rose in every reading through October 26, when it reached 2,529,795 BTC, before easing to the month-end level.
Short-term holder SOPR ended the month at 0.999 after averaging 1.006, while long-term holder SOPR was 1.18, in line with its monthly average of 1.18. NUPL ended at 0.302, down 0.065 over the month. Active addresses averaged 640,837 a day. Stablecoin supply stood at $299B at month end, down $7.4B over the month.
Source: CoinGlass, DefiLlama. SOPR above 1 means coins moved at a profit on average. NUPL above 0 means the network holds unrealized profit on aggregate.
0 of 30 bull market peak indicators had reached their targets at the end of October 2026. Fear & Greed ended October 2026 at 31 after averaging 58.
| Peak indicator | Value at month end | Target | Status |
|---|---|---|---|
| Bitcoin Ahr999 Index | 0.46 | 4 | No |
| Pi Cycle Top Indicator | 77198.21 | 152099 | No |
| Puell Multiple | 1.01 | 2.2 | No |
| Bitcoin Rainbow Chart | 1 | 5 | No |
| Days of ETF Net Outflows | 1 | 10 | No |
| ETF-to-BTC Ratio | 9.6% | 3.5% | No |
| 2-Year MA Multiplier | 77198.21 | 446802 | No |
| MVRV Z-Score | 0.77 | 5 | No |
| Bitcoin Bubble Index | -5.74 | 80 | No |
| USDT Flexible Savings | 5.42% | 29% | No |
| RSI - 22 Day | 41.623 | 80 | No |
| Altcoin Season Index | 62.00 | 75 | No |
| Bitcoin Dominance | 59.86% | 65% | No |
| Bitcoin Long Term Holder Supply | 16.30M | 13.5M | No |
| Bitcoin Short Term Holder Supply (%) | 18.94% | 30% | No |
| Bitcoin Reserve Risk | 0.0013 | 0.005 | No |
| Bitcoin Net Unrealized P&L (NUPL) | 29.98% | 70% | No |
| Bitcoin RHODL Ratio | 923 | 10000 | No |
| Bitcoin Macro Oscillator (BMO) | 0.06 | 1.4 | No |
| Bitcoin MVRV Ratio | 1.43 | 3 | No |
| Bitcoin 4-Year Moving Average | 1.18 | 3.5 | No |
| Crypto Bitcoin Bull Run Index (CBBI) | 54 | 90 | No |
| Mayer Multiple | 1.06 | 2.2 | No |
| Bitcoin AHR999x Top Escape Indicator | 6.66 | 0.45 | No |
| MicroStrategy's Avg Bitcoin Cost | 75446 | 155655 | No |
| Bitcoin Trend Indicator | 6.14 | 7 | No |
| 3-Month Annualized Ratio | 9.95% | 30% | No |
| Bitcoin Terminal Price | 77480 | 187702 | No |
| The Golden Ratio Multiplier | 77480 | 135522 | No |
| Smithson's Bitcoin Price Forecast | 77480 | 175k-230k | No |
0 of 30 bull market peak indicators had reached their targets at the end of October 2026, and Fear & Greed ended the month at 31 after averaging 58. The index stood at 73 on October 1, ranged between a low of 29 and a high of 74 over the month, and read 50 on October 28 before the month-end reading.
Among the long-cycle indicators, the Puell Multiple was 1.01 against a target of 2.2, the MVRV Z-Score was 0.77 against a target of 5, and NUPL was 29.98% against a target of 70%. The Mayer Multiple was 1.06 against a target of 2.2, and the Crypto Bitcoin Bull Run Index was 54 against a target of 90. BTC traded at 0.87x its 2-year moving average, with the 5x line at $446,852, and the Pi Cycle gap stood at 50.5% below the top line.
Source: CoinGlass. Long-cycle indicators are shown as context, not as trade setups.
Graded whale wallets tracked by Cryptohub held positions in 40 coins at the end of October 2026, led by BTC with 9 open positions leaning short (22% long).
| Coin | Positions | Long % (by positions) | Net notional ($M) | Lean | Long % chg since October 15, 2026 |
|---|---|---|---|---|---|
| BTC | 9 | 22 | -13.5 | short | -20 |
| HYPE | 7 | 57 | 12.3 | neutral | 7 |
| ZEC | 7 | 0 | -6.9 | short | -43 |
| ENA | 6 | 33 | 0 | neutral | |
| NEAR | 5 | 0 | -1.4 | short | -25 |
| STRK | 5 | 0 | -0.5 | short | |
| ETH | 5 | 20 | -2.6 | short | -13 |
| ARB | 4 | 0 | -0.3 | short | |
| KPEPE | 4 | 0 | -1.2 | short | |
| ONDO | 4 | 0 | -0.5 | short | |
| XPL | 4 | 25 | 1.4 | short | |
| USELESS | 4 | 0 | -0.1 | short |
| Coin | Positions | Long % (by positions) | Lean |
|---|---|---|---|
| ETH | 18 | 83 | long |
| BTC | 10 | 70 | long |
| CRCL | 9 | 100 | long |
| SOL | 6 | 67 | neutral |
| HYPE | 5 | 40 | neutral |
| XAU | 4 | 75 | long |
Graded whale wallets tracked by Cryptohub held 149 open positions across 40 coins at the end of October 2026, with net notional of -$34.6M. None of the coins leaned long and 35 leaned short. BTC had the most positions, 9, with 22% long and net notional of -$13.5M, and its long share was 20 points lower than on October 15.
HYPE had 7 positions, 57% long, with net notional of $12.3M, and was classed neutral. ZEC also had 7 positions, none of them long, with net notional of -$6.9M, and its long share was down 43 points since October 15. ETH had 5 positions, 20% long, with net notional of -$2.6M. Graded Hyperliquid wallets numbered 23. On OKX, lead traders held 18 ETH positions, 83% long, 10 BTC positions, 70% long, and 9 CRCL positions, all long. The OKX lead traders lean the opposite way from the graded Hyperliquid wallets on both BTC and ETH.
Source: Cryptohub Defi Scanner (Hyperliquid, OKX). Positioning is the state at the end of October 2026 (daily snapshot, 23:50 UTC) from wallets that passed Cryptohub's grading standard (see methodology). Read directly from the Defi Scanner, so it matches the Discord feeds. Long % counts positions; net notional is the dollar value of longs minus shorts.
Cryptohub's graded whale wallets triggered 9,064 trade alerts across 17 of the 31 days of October 2026 with daily snapshots, $0.54B in notional.
| Coin (excl. memecoins) | Alerts | Buys/longs | Sells/shorts | Notional ($M) |
|---|---|---|---|---|
| SOL | 592 | 580 | 12 | 10.1 |
| BTC | 459 | 230 | 229 | 153.9 |
| ETH | 451 | 244 | 207 | 104.5 |
| XAU | 202 | 111 | 91 | 9.4 |
| ZEC | 179 | 152 | 27 | 25.7 |
| HYPE | 151 | 94 | 57 | 58.8 |
| SKHX | 89 | 28 | 61 | 13.5 |
| MSTR | 77 | 73 | 4 | 7.6 |
| SOXL | 64 | 64 | 0 | 4.1 |
| NEAR | 56 | 32 | 24 | 9.2 |
| Date | Asset | Side | Notional ($M) | Venue |
|---|---|---|---|---|
| 2026-10-15 | ETH | long | 22.62 | hyperliquid |
| 2026-10-20 | BTC | short | 20.72 | hyperliquid |
| 2026-10-20 | BTC | short | 12.43 | hyperliquid |
| 2026-10-19 | BTC | short | 10.68 | hyperliquid |
| 2026-10-15 | ETH | long | 10.32 | hyperliquid |
Cryptohub's graded whale wallets triggered 9,064 trade alerts across 17 of the 31 days of October 2026 with daily snapshots, representing $544M in notional. The Solana memecoin channel produced 6,009 of those alerts, followed by 1,395 on OKX, 908 on Hyperliquid and 752 from Solana majors.
Excluding memecoins, SOL drew 592 alerts, 580 of them buys, while BTC drew 459 alerts, split between 230 buys or longs and 229 sells or shorts, with $153.9M in notional. ETH had 451 alerts and $104.5M in notional, XAU had 202 alerts, and ZEC had 179 alerts, 152 of them buys or longs. The largest single trade was a $22.62M ETH long on Hyperliquid on October 15. Three of the next four were BTC shorts on Hyperliquid, of $20.72M and $12.43M on October 20 and $10.68M on October 19. Daily alert counts peaked at 760 on October 29 and stood at 252 on October 31.
Source: Cryptohub Defi Scanner. Counts are summed from daily snapshots taken at 23:50 UTC (17 of 31 days covered). Memecoin alerts are counted in the totals but left out of the coin table and the largest trades.
Solana memecoin venues handled $38.24B of volume across 1,556,894 new tokens in the days tracked, with 49,317 graduations. The average graded Solana wallet held 32% in cash and 33% in SOL at the end of October 2026, cash down 9 points since undefined.
| Holding | Average wallet % (undefined) | Average wallet % (October 31, 2026) | Change (pts) | Holdings ($M, October 31, 2026) |
|---|---|---|---|---|
| Cash (stablecoins and dollar tokens) | 41.2 | 32.3 | -8.9 | 1.49 |
| SOL (incl. staked) | 31.6 | 33.1 | 1.5 | 1.16 |
| Listed coins | 8.1 | 5.2 | -2.9 | 0.49 |
| Memecoins and other | 19.1 | 29.3 | 10.2 | 0.74 |
| Venue | Volume ($M) | Tokens launched | Graduations | Days |
|---|---|---|---|---|
| all | 38,240.6 | 1,556,894 | 49,317 | 17 |
| pumpfun-amm | 17,998 | 50,125 | 0 | 17 |
| meteora-all | 8,074.5 | 150,244 | 32,116 | 17 |
| meteora-dyn-v2 | 5,974.6 | 53,233 | 0 | 17 |
| raydium-all | 4,199.2 | 24,108 | 365 | 17 |
| pumpfun | 3,811.8 | 1,332,261 | 16,835 | 17 |
| raydium-clmm | 3,609.1 | 565 | 0 | 17 |
| orca | 3,338.8 | 162 | 0 | 17 |
Solana memecoin venues handled $38.24B of volume across 1,556,894 new tokens in the days tracked, with 49,317 graduations. The totals cover 17 days of snapshots. By venue, pumpfun-amm recorded $17,998M of volume and meteora-all $8,074.5M, and meteora-all also recorded 32,116 graduations. The pumpfun venue accounted for 1,332,261 tokens launched and 16,835 graduations.
The average graded Solana wallet held 32.3% in cash and 33.1% in SOL at the end of October 2026. The cash share was down 8.9 points from 41.2% in the earlier reading, while the SOL share was up 1.5 points from 31.6%. The memecoins and other bucket stood at 29.3%, up 10.2 points from 19.1%, and listed coins stood at 5.2%. Visible holdings of graded Solana wallets were $3.88M, down 54.66%.
Source: Cryptohub Defi Scanner, SolanaTracker, Jupiter Lend. Launchpad totals are summed from 17 daily snapshots (partial month). Cash vs SOL covers 52 graded Solana wallets: each wallet's own split, averaged. Cash counts every stablecoin and dollar token, including vault and lending versions (Jupiter Lend included). Deposits on Kamino, MarginFi or Drift and exchange balances are not visible, so a fall in visible holdings can mean money moved out of view. Visible holdings fell 55% over the period; part may have moved to platforms the scanner cannot see.
Total value locked in DeFi stood at $84.89B at the end of October 2026, with $258.14B of DEX volume over the month.
| Chain | TVL at month end ($B) | Change over month % |
|---|---|---|
| Ethereum | 43.86 | -17.51 |
| Bitcoin | 6.1 | 36.55 |
| Base | 5.84 | -6.88 |
| Tron | 5.53 | -1.71 |
| Solana | 5.45 | -15.68 |
| BSC | 5.24 | -7.58 |
| Hyperliquid L1 | 2.66 | 2.09 |
| Arbitrum | 1.43 | -0.14 |
Total value locked in DeFi stood at $84.89B at the end of October 2026, down 10.87% over the month, and DEX volume totaled $258.14B across the 31 days. Protocol fees came to $2,403M over the month.
Ethereum held $43.86B of TVL at month end, down 17.51%. Its TVL was $53.1B on October 1 and $53.9B on October 7, then fell to $46.1B on October 28 and $43.9B on October 31. Bitcoin chain TVL rose 36.55% to $6.1B. Base held $5.84B (down 6.88%), Tron $5.53B (down 1.71%), Solana $5.45B (down 15.68%) and BSC $5.24B (down 7.58%). Hyperliquid L1 held $2.66B, up 2.09%, and Arbitrum held $1.43B, down 0.14%. Bitcoin and Hyperliquid L1 were the only chains in the table to post gains.
Source: DefiLlama. TVL values are month-end readings from DefiLlama history. DEX volume and fees are summed over the calendar month.
The effective Fed funds rate ended October 2026 at 3.88% and the US 10-year yield at 4.98%. 8 key US data releases and rate decisions are scheduled for November 2026.
| Date | Scheduled release or rate decision (November 2026) |
|---|---|
| 2026-11-03 | Job Openings and Labor Turnover Survey |
| 2026-11-05 | Bank of England rate decision |
| 2026-11-06 | Employment Situation |
| 2026-11-10 | Consumer Price Index |
| 2026-11-13 | Producer Price Index |
| 2026-11-17 | Advance Monthly Sales for Retail and Food Services |
| 2026-11-25 | Gross Domestic Product |
| 2026-11-25 | Personal Income and Outlays |
The effective Fed funds rate ended October 2026 at 3.88%, unchanged from the previous month, while the US 10-year yield stood at 4.98%, down 0.31 percentage points, and the US 2-year yield at 4.61%, down 0.27 points. The broad dollar index was 121.3, up 0.35 over the month. US M2 stood at $23.41T as of September 2026, up 0.11 from the month before.
Gold returned -6.78% in October, the S&P 500 (SPY) returned -0.91% and the Nasdaq 100 (QQQ) returned -6.66%. The policy rate showed no change over the month, while both Treasury yields in the data moved lower. Eight key data releases and rate decisions are scheduled for November 2026.
Source: FRED, Twelve Data. Rates and yields from FRED. Release dates are as scheduled by the publishing agencies and central banks and can change.
The November calendar opens with the Job Openings and Labor Turnover Survey on November 3, followed by the Bank of England rate decision on November 5 and the Employment Situation report on November 6. The Consumer Price Index is scheduled for November 10 and the Producer Price Index for November 13, with Advance Monthly Sales for Retail and Food Services on November 17. Gross Domestic Product and Personal Income and Outlays are both scheduled for November 25.
Cryptohub's Macro Cycle Score ended October 2026 at 33/100 in the Lower Mid-Range, while Bitcoin fell 7.41% and US spot Bitcoin ETFs recorded $516M of net outflows.
Bitcoin lost 7.41% in October 2026, closing at $77,447, with total crypto market cap at $2.63T at month end.
US spot Bitcoin ETFs recorded -$516M of net outflows in October 2026, with 13 of 22 trading days positive.
The Cryptohub Macro Cycle Score ended October 2026 at 33/100 (Lower Mid-Range), down 14 points from the end of the previous month. The score describes where the market sits between historical cycle extremes, not which way it is heading.
$3.06B of BTC positions were liquidated, mostly longs (69% long).
BTC held on exchanges rose by 15,003 BTC in October 2026 to 2,500,779 BTC.
Total value locked in DeFi stood at $84.89B at the end of October 2026, with $258.14B of DEX volume over the month.
The effective Fed funds rate ended October 2026 at 3.88% and the US 10-year yield at 4.98%. 8 key US data releases and rate decisions are scheduled for November 2026.
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Data notice: figures in this report come from third-party providers (CoinGlass, CoinGecko, DefiLlama, FRED, Twelve Data, SolanaTracker) and Cryptohub's own tracking systems. They are shown as reported at the time of collection and may be delayed, revised or reported incorrectly by the source. Cryptohub checks the data but cannot guarantee that it is complete or accurate. This report is educational market commentary, not financial advice. Do your own research before making any decision, and never risk money you cannot afford to lose.
Cryptohub (2026). Crypto Market Report October 2026: Bitcoin Falls 7.41% as ETH Drops 16.12%. https://cryptohub.gg/reports/crypto-market-report-october-2026. Methodology: https://cryptohub.gg/reports/methodology. Data as JSON: https://cryptohub.gg/api/reports?action=get&slug=crypto-market-report-october-2026.