Bitcoin Holds Around $80,000 on October 26, 2026

1. BITCOIN CHURNS NEAR THE $80,000 MARK. BTC traded in a narrow range on the morning of October 26. According to CoinMarketCap, BTC stood at $80,405 as of 07:40 KST, down 0.14% over 24 hours, while a later snapshot at 08:26 KST recorded $80,162, down 0.41%. Some sources noted a weekend dip below $80,000 before a rebound to around $80,600. The $80,000 area is considered a notable support because it aligns with the 50% Fibonacci retracement; nearby resistance sits at $81,700 and the next downside level is $78,400.

2. ETH AND SOL FLAT, BNB AND XRP EDGE HIGHER. ETH traded between roughly $2,327 and $2,349, representing either a 0.55% decline or a 0.50% gain over 24 hours depending on the snapshot, while SOL held near $101.55 and was nearly flat to slightly higher by some accounts. BNB and XRP posted modest gains of about 0.52–0.78% and 0.29–0.53%, respectively. The subdued moves among major coins suggest cautious money flow, even as a few large caps kept a light green tone.

3. RISKIER ALTCOINS FACE SHARP SELL-OFF. KuCoin reported BMT down 15.1% to $0.03226, COMP down 11.49% to $21.02, SAHARA down 9.27% to $0.00773 and KERNEL down 8.9% to $0.0471 as Bitcoin slipped below $80,000. Binance spot data also showed MTL down 25.07% and STEEM down 28.68%, with AIGENSYN down 15.15%. Selling pressure focused on small- and mid-cap coins, reflecting a narrower risk appetite.

4. DERIVATIVES LIQUIDATIONS TILT TOWARD SHORTS. Coinglass data cited on October 26 showed 24-hour liquidations across the top 20 assets at $56.63 million, with shorts accounting for 64.28%. ETH led with $27.09 million in liquidations, followed by BTC at $13.68 million. The high share of short liquidations suggests a mild rebound squeezed bearish positions, though overall liquidation size remains modest.

5. KIMCHI PREMIUM SITS NEAR 1%. BTC traded at 108.16 million KRW on Upbit versus 107.07 million KRW on Binance at 00:00 KST, implying a kimchi premium of about 1.01%. The narrow gap suggests Korean retail demand is not overheated, keeping local prices close to global levels.

Key thing to watch today: Bitcoin's reaction at $81,700 resistance and $78,400 support after churning around $80,000.

*This is aggregated information for reference only, not investment advice.*