📈 Stocks ES +0.62% • NQ +1.29% • VIX -3.97%

🪙 Metals Gold +0.89% • Silver +0.72%

🌍 Macro DXY +0.35% • Brent -5.40%

🏦 Rates 10Y 4.99% +1bp • 30Y 5.30% +0bp • 10Y less 3M +95bp, positive

BTC 80,662, +0.83% today • 24h range 79,378 to 80,721, near the top of that range (96%)

ETH 2,344, +1.02% today • 24h range 2,294 to 2,355, near the top of that range (82%)

SOL 101.08, +0.31% today • 24h range 99.02 to 101.24, near the top of that range (93%)

Tue 27 Oct, 16:15 ET • the closing tape. Measured numbers only, no forecasts. Not financial advice.

BTC PDH 80,702 (below, 9 tests), PDL 79,265 (above, 4 tests), round 81,000

ETH PDH 2,341 (above, 7 tests), PDL 2,291 (above, 3 tests), round 2,300

SOL PDH 102.55 (below, 9 tests), PDL 99.75 (above, 4 tests), round 100

BTC 80,662 · stack mixed · 50/200 golden cross 45d ago

9 EMA 81,086 ▼ · 21 EMA 81,760 ▼ · 50 EMA 80,731 ▼ · 100 EMA 77,689 ▲ · 200 EMA 76,367 ▲

ETH 2,344 · stack mixed · 50/200 golden cross 50d ago

9 EMA 2,373 ▼ · 21 EMA 2,433 ▼ · 50 EMA 2,453 ▼ · 100 EMA 2,361 ▼ · 200 EMA 2,319 ▲

BTC funding +0.0100% _(highest in 30 days)_, OI $7.79B, L/S 2.08 _(higher than 85% of the last 30 days)_

ETH funding +0.0095% _(higher than 93% of the last 30 days)_, OI $5.52B, L/S 3.06

SOL funding +0.0100% _(highest in 30 days)_, OI $917.7M, L/S 3.01 _(higher than 96% of the last 30 days)_

BTC ETFs +$110M on Mon 26 Oct • 5d -$115M • led by IBIT +$110M

ETH ETFs -$88.6M on Mon 26 Oct • 5d -$206M • led by ETHA -$105M

SOL ETFs -$8.2M on Mon 26 Oct • 5d -$19.1M • led by BSOL -$7.2M

$1.8M longs against $5.5M shorts over 12h, shorts took it.

BTC heaviest near 80,902, $185k of shorts

ETH heaviest near 2,360, $340k of shorts

SOL heaviest near 101.54, $74k of shorts

BTC dealers long gamma for 12 days, spot above the flip at 79,050 • walls 80,000 / 80,000

ETH dealers long gamma, spot above the flip at 2,309 • walls 2,300 / 2,500

Long gamma damps the tape, short gamma amplifies it. Positioning, not direction.

TradFi

day week level

NVDA up agrees *PWH 222.2

AAPL up agrees PDL 345.8

MSFT up agrees *PWH 535.6

GOOGL down opposes clear

AMZN up agrees PDH 250.0

META up agrees PDL 633.3

AVGO down opposes PDH 327.7

TSLA up opposes clear

LLY up agrees *PDH 1,308

4 rows not shown

* marks a level as untested: nobody has traded back to it yet, which is when a level still pulls price.

Levels untested and still pulling price: NVDA, MSFT, LLY, JPM, GOLD

Levels sit underneath: AVGO, JPM, GOLD, SLVR

Calendar

• Wed 18:00 UTC - Federal Funds Rate (forecast 4.00%, previous 4.00%)

• Wed 18:00 UTC - FOMC Statement

• Wed 18:30 UTC - FOMC Press Conference

• Thu 12:30 UTC - Advance GDP q/q (forecast 3.2%, previous 1.5%)

• Thu 12:30 UTC - Core PCE (September) (forecast 0.3%, previous 0.2%)

Earnings

• HOOD 2026-10-27 after the close, impact 65/100

• GOOGL 2026-10-28 after the close

• MSFT 2026-10-28 after the close

• AMZN 2026-10-29 after the close

• MSTR 2026-10-29 after the close

and 1 more ahead