Short-Term Holders Send Large Amounts of Loss-Making BTC to Exchanges【MEXC Alpha Trader – Daily Market Brief (November 3, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $77,003.00 (-1.68%) | ETH $2,254.67 (-1.48%) | SOL $92.17 (-2.78%)

· Market Sentiment: Funding Rate +0.0100% | Fear & Greed Index 26 (Fear)

· Elections: The U.S. midterm elections are being held today. Goldman Sachs estimates that Democrats have a greater than 90% chance of winning a House majority, while control of the Senate remains uncertain. Further Reading

· Geopolitics: After Iran signaled openness to negotiations, Trump said he was not considering further military strikes on Iran after the midterm elections. Authorization to negotiate does not mean an agreement has been reached. Further Reading

II. Trading Signals / Hot Topics

· [Today's Focus] BTC | Loss-Making BTC Flows to Exchanges as Holder Behavior Remains Unconfirmed

· BTC, the primary liquidity anchor of the crypto market, saw 36,600 BTC held at a loss by short-term holders transferred to exchanges over 24 hours.

· Takeaway: The transfers put the coins into trading channels, but do not necessarily mean they have been sold. Further Reading

· [On-Chain] ETH | Institutional Buying and Staking Affect Circulating Supply Structure

· BitMine added 8,573 ETH to its holdings last week, with 86% of its ETH holdings already staked.

· Takeaway: Staking reduces the immediate liquidity of the institution's holdings, but the actions of one institution do not represent market-wide supply and demand. Further Reading

· [U.S. Stocks Focus] AMD | Earnings Enter a Validation Phase as AI Assets Face a Performance Test

· AI chip leader AMD is expected to report approximately $13 billion in revenue in its earnings report this week; the AI crypto sector's market capitalization fell approximately 16% in October.

· Takeaway: The earnings report will test expectations for AI demand and investment returns, while token declines cannot be directly attributed to a single company. Further Reading Further Reading

III. Regulation & Major Events

· Binance | Elliptic says approximately $6.43 billion in assets were stolen, of which approximately $2.85 billion has been frozen or seized. Law enforcement investigations remain underway. Further Reading

· Mercado Bitcoin | Approximately $46.5 million in funds stolen across multiple chains has been traced to 46 addresses. Tether has frozen more than 4.5 million USDT linked to the case. Further Reading Further Reading

· Hong Kong Monetary Authority | EnsembleTX has entered the phase of round-the-clock, real-value tokenized settlement and plans to include regulated stablecoins in bill trials. Further Reading

IV. Platform-Exclusive Benefits

· Alpha Trader October Trading Competition (Futures)

· Heart of the Brave V15 (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Can NYSE’s Broadridge Partnership Preserve Traditional Shareholder Rights in Tokenized Stocks?

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