Crypto market today — BTC $80,559 (-0.48%) · premium +1.38% · 80 up vs 125 down · 25 Oct

The past 24 hours (measured by AntProfit · as of 08:30 on 25 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)

• Q $0.0771 (-30.95%) — spot turnover $3.2M, 8.5x a week ago
• BIRB $0.0846 (+9.16%) — spot turnover $24.9M, 7.3x a week ago
• MAGMA $0.3661 (-4.62%) — spot turnover $1.9M, 5.9x 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 +1.38% — 24h average +1.34%, range +1% to +1.68%. Korea is slightly more expensive = normal domestic demand.

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

• SOPH premium — LBank $0.001498 · Upbit $0.00170514 — 13.83% apart
• ANIME premium — OKX $0.003426 · Bithumb $0.00360462 — 5.21% apart
• ORDER premium — Bitget $0.0655 · Upbit $0.0675 — 3.07% 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 0.0083% per 8h (about 0.03% a day) — At the baseline = longs are not crowded
• ETH 0.0024% per 8h (about 0.01% a day) — At the baseline = longs are not crowded
• BMT a lot of money is betting it falls — holding leverage costs about 13.23% a day (Bybit)
• ANIME a lot of money is betting it falls — holding leverage costs about 10.77% 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. BitMEX Co-Founder Arthur Hayes Sells Entire ETH Holdings

On October 24, 2026, BitMEX co-founder Arthur Hayes announced that he had sold all 6,400 ETH he owned, worth approximately $15.2 million. This massive sell-off occurred alongside consecutive net outflows from Ethereum spot exchange-traded funds (ETFs, financial products that track the price of an asset).

This added downward pressure on Ethereum's price, leaving it vulnerable around the $2,300 level.

2. Bitcoin Tests $80,000 Support Level Amid Liquidations

On October 24, 2026, Bitcoin faced a downturn after failing to break above $85,000, bringing its price down to around $80,500 and threatening the $80,000 support level (a price point where buying interest is expected to prevent further drops). During a 4-hour window, approximately $95 million in crypto liquidations (forced closure of leveraged positions) occurred, with long positions (bets that prices will rise) accounting for $91.19 million. According to on-chain data analysis from Glassnode, corporate buyers' average BTC acquisition cost is estimated at around $80,000, raising concerns about a potential break below this threshold.

Overall market sentiment contracted alongside macroeconomic uncertainties, pushing Bitcoin's price down to around $80,500.

3. Argentine Court Dismisses Crypto Fraud Case Against President Javier Milei

On October 23, 2026 (local time), Judge Marcelo Martínez de Giorgi of the Argentine Federal Court officially dismissed a fraud investigation involving President Javier Milei and his sister Karina Milei regarding the $Libra token.

Although this resolved a specific regulatory and judicial negative factor tied to a particular token, it was not enough to reverse the broader market downturn.

What to watch today and this week

1. 29 Oct 03:00 KST — U.S. Federal Open Market Committee (FOMC) interest rate decision and press conference. The Federal Reserve's rate decision and the press conference by Fed Chair Kevin Warsh scheduled at 03:30 KST are expected to significantly impact the overall cryptocurrency and risk asset markets.
2. 28 Oct - 29 Oct KST — Stellar Annual Conference 'Meridian 2026'. Global financial institutions such as BlackRock, DTCC, and BNY will join blockchain industry leaders to discuss payment systems, confidential token deployments, and network updates.

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

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.