Bitcoin · 2026-10-24

That day's trend: Neutral leaning bullish

That day's view: Today's view: BTC closed at 80,888 on 10/24, down 0.37%, with an open of 81,189, a high of 81,214, and a low of 79,221. Selling accelerated on increased afternoon volume, probing the daily low, before a 0.76% rebound over the final six hours recovered most of the losses. Volume of 11,720 was 11.2% below the 7-day average of 13,196, indicating low volume throughout the day. Positioning: Funding rates were positive across all four periods, decelerating to 0.000960% in the middle period before surging to 0.009409% in the final period, 9.80 times the middle-period level, with short-side payment costs rising sharply. Open interest: OI rose 2.04% to 95,166, and the increase in OI alongside falling prices indicates new short entries. Market structure: The large-account long/short ratio rose 5.86%, significantly faster than the position-level ratio at 0.73%; the retail long/short ratio rose 4.35%, while the Fear & Greed Index increased from 50 to 51. The signal is classified as (c-mix), indicating two-way long/short rotation. New shorts sold off in the afternoon, overlapping with short covering toward the close. The selling-pressure structure remains unresolved, so the overall outlook is weak and choppy. Cross-asset trends show characteristics of a capital-rotation day, with ETH attracting noticeably stronger inflows than BTC. Outlook: The 10/28 FOMC decision and 10/30 options expiry are the key near-term variables. Resistance is at 81,214, while support is at 79,221. Watch for directional selection as account-level accumulation continues to outpace position-level accumulation.

Key Data

BTC closing price: $81,189.44 at UTC 2026-10-24 00:00 and $80,789.73 at UTC 2026-10-24 24:00, -0.37% over the window
Intraday range: high $81,213.64 / low $79,220.74, range of $1,992.90 (2.45%)
24-hour total market volume: 11,720 BTC (approximately $943 million)
Perpetual funding rate: four-period average +0.00443% (10-24 00:00 +0.00394% / 10-24 08:00 +0.00343% / 10-24 16:00 +0.00096% / 10-25 00:00 +0.00941%)
Aggressor buy/sell ratio: 24-hour average 1.0483, latest 1.3763
Long/short account ratio (retail): 24-hour average 2.1735, latest 2.2082
Large-account position long/short ratio: 24-hour average 1.7016, latest 1.7019
Open interest (OI): net change of +2.04% over 24h, currently 95,166 BTC
Perpetual basis: stable within the -0.05% to +0.05% range
Fear & Greed Index: 51 on 2026-10-24 (neutral)

24H Market Review

Phase · Early session (UTC 00-06): $81,189.44 → $80,776.01, -0.51%, 6h volume of 2,363 BTC.
Phase · Early afternoon (UTC 06-12): $80,776.01 → $80,599.41, -0.22%, 6h volume of 2,323 BTC.
Phase · Afternoon (UTC 12-18): $80,599.41 → $80,276.10, -0.40%, 6h volume of 5,432 BTC.
Phase · Close (UTC 18-24): $80,276.10 → $80,888.16, +0.76%, 6h volume of 1,601 BTC.

Upcoming Macro Calendar

🔴 2026-10-28 (Wednesday) · Fed October interest rate decision · Impact: high
🔴 2026-10-28 (Wednesday) · Fed Chair press conference (Warsh) · Impact: high
🔴 2026-10-30 (Friday) · BTC October options expiry (Deribit) · Impact: high
🟡 2026-11-02 (Monday) · US October ISM Manufacturing Index · Impact: medium
🟡 2026-11-04 (Wednesday) · US October ISM Services Index · Impact: medium
🔴 2026-11-06 (Friday) · US October Nonfarm Payrolls Report (NFP) · Impact: high
🔴 2026-11-10 (Tuesday) · US October Consumer Price Index (CPI, year-over-year/month-over-month) · Impact: high
🟡 2026-11-13 (Friday) · US October Producer Price Index (PPI) · Impact: medium

Long/Short Contest

Phase 1 (UTC 00-06) saw a sharp selloff of -0.51% on concentrated volume of 2,363 BTC | The window low of $79,220.74 was reached, forming a typical "concentrated selling-pressure pattern triggered by a bearish event"
OI was up a net 2.04% over 24h while prices fell, indicating active short accumulation | OI rose by 1,900 BTC as the price fell -0.37%, a typical active short accumulation pattern
The 2.45% range reflects intense long/short competition | The 24h range of 2.45% reached a recent high, and rising price volatility means higher position risk
Phase 4 (UTC 18-24) saw a single-session rebound of +0.76% on volume of 1,601 BTC | The window high of $81,213.64 was reached, forming a typical "technical rebound after a bearish event" pattern
The large-account position long/short ratio averaged 1.70 over 24h, indicating a mild institutional bullish bias | The large-account L/S ratio averaged 1.70 over 24h and ended at 1.70, showing that institutions maintained a mildly bullish stance during the window
Aggressor buying returned toward the close at 1.3763 > 1.0 | Taker buying returned toward the close, indicating market support around $79,220.74