Crypto market today — BTC $81,343 (-3.6%) · premium +0.97% · 41 up vs 238 down · 23 Oct

The past 24 hours (measured by AntProfit · as of 08:30 on 23 Oct KST)

These numbers are not borrowed from other outlets — we read them directly from 21 exchanges.

A funding rate at the 0.01% baseline means longs are not crowding the futures market. And a premium near zero means both sides run at a similar temperature. With far more losers than gainers, the market was pressed down today.

Biggest gainers and losers (24h)

We count only coins with at least $10M turnover listed on three or more exchanges (this keeps single-venue pumps and scam tokens out). Prices come from the largest venue by turnover; turnover from the largest spot venue.

Biggest gainers

Biggest losers

Where the money went (turnover far above a week ago)

• ICNT $0.1810 (-0.03%) — spot turnover $1.5M, 10.4x a week ago
• BMT $0.0261 (+18.63%) — spot turnover $17.3M, 6.9x a week ago
• JCT $0.004533 (+13.78%) — spot turnover $6.4M, 6.6x a week ago

If turnover jumps while the price does not, someone large may be accumulating or exiting — check the order book on the coin page.

Kimchi premium right now

The kimchi premium (the price gap between Korean and overseas exchanges) is +0.97% — 24h average +0.77%, range +0.29% to +1.2%. Korea is slightly more expensive = normal domestic demand.

Coins with the widest gaps in our latest scan (one row per coin):

• IOST premium — Binance $0.000823 · Upbit $0.00085138 — 3.45% apart
• AXIS premium — KuCoin $0.2941 · Upbit $0.2987 — 1.57% apart
• VVV premium — Bitrue $25.81 · Upbit $26.10 — 1.13% apart

Read these gaps after fees, transfer time and FX. They are not an arbitrage call — they are a thermometer for which side of the market runs hotter.

Funding-rate skew (which way futures lean)

The funding rate is a fee that passes periodically between longs and shorts in perpetual futures. Positive means longs pay shorts; the further it drifts from the 0.01% baseline, the more crowded one side is.

• BTC 0.0073% per 8h (about 0.02% a day) — At the baseline = longs are not crowded
• ETH 0.0067% per 8h (about 0.02% a day) — At the baseline = longs are not crowded
• BTW a lot of money is betting it falls — holding leverage costs about 15% a day (Bybit)
• AXIS a lot of money is betting it falls — holding leverage costs about 9.02% a day (Bybit)

A holding cost this wide is not an income opportunity — it is a signal that one side is badly crowded. On such coins, price swings dwarf the fee.

Yesterday's main stories

1. Crypto Markets Drop Amid Tech Stock Weakness and Middle East Tensions

On October 22, 2026, global financial markets saw a rise in risk-off sentiment (a market condition where investors shift away from risky assets) due to weak tech stocks in the U.S., rising oil prices above $112 per barrel from Middle East tensions, and renewed doubts about artificial intelligence spending following earnings reports from Tesla and Meta. This macroeconomic environment directly affected the cryptocurrency market.

Bitcoin (BTC) fell to the $81,000 level, triggering mass derivative liquidations of around $350M to $400M in long positions (bets that prices will rise) in the crypto futures market and increasing market volatility.

2. JPMorgan Analyzes Actions by U.S. Regulatory Agencies

On October 22, 2026, a team of analysts at JPMorgan led by Nikolaos Panigirtzoglou released a report stating that recent piecemeal regulatory easing by U.S. agencies like the SEC, CFTC, and OCC helped offset the impact of the failed Senate Clarity Act and aided institutional entry. However, they pointed out that political and legal risk premiums will persist until formal legislation passes through Congress, as current agency rules could be reversed under a future presidential administration change.

Prices failed to form clear upward momentum as expectations of institutional participation coexisted with concerns over long-term policy uncertainty.

3. U.S. SEC Releases FAQ on Innovation Exemption for Tokenized Securities

On October 22, 2026, it was reported that the U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets published an Innovation Exemption FAQ on October 21 for Tokenized NMS Securities Trading Systems (TSVs) and liquidity providers. The guidance clarified public notice standards at least 30 days prior to commencing operations and procedures for issuer objection periods.

While it established institutional foundations for the long-term benefit of bringing real-world assets on-chain (RWA, or digitizing traditional financial assets on a blockchain), it failed to immediately prevent the broader market decline.

What to watch today and this week

1. 29 Oct (Thu) 03:00 KST — U.S. Federal Open Market Committee (FOMC) regular meeting and interest rate decision. This event will directly influence macro liquidity and the price direction of digital assets as the Federal Reserve announces its October rate decision and Chair Jerome Powell holds a press conference.
2. 29 Oct (Thu) 21:30 KST — U.S. September Core Personal Consumption Expenditures (PCE) Price Index and Q3 GDP releases. This event will reveal the Federal Reserve's most favored inflation indicator alongside finalized third-quarter U.S. economic growth figures.
3. 30 Oct (Fri) 17:00 KST — End-of-month Bitcoin (BTC) and Ethereum (ETH) options expiry. This event marks the monthly expiration date for major cryptocurrency derivative contracts on exchanges such as Deribit.

Volatility often picks up around these dates. Simply knowing when they land helps you avoid being caught off guard.

Newly listed (past 3 days)

• AXIS (Axis Robotics) — on 10 exchanges, spot turnover $8.6M
• PREDICT — on 4 exchanges
• IBKR — on 6 exchanges

Newly listed coins have short price histories and swing hard day to day. If the name is unfamiliar, start with the exchange count and turnover on the coin page.

This wrap is compiled automatically every morning. The numbers are read directly from 21 exchanges by AntProfit; stories and dates are included only when the source checks out. Nothing here recommends a trade.