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Crypto Daily — 2026.9.28 Spot capital is rotating fully into altcoins, with Glassnode data showing altcoin trading volume has nearly quadrupled $BTC ’s, $QNT up another 34%, $HBAR surging 37%, while $BTC fell back to $83.9 K. 1. Glassnode pointed out that spot traders are shifting to altcoins on a large scale, with altcoin trading volume approaching four times $BTC ’s; $BTC is currently around $83,922 (-0.8%), with an intraday low of $82,563. Of the $126 million liquidated over 24 h, longs accounted for $92.06 million (73%), and the diversion of funds has caused Bitcoin to retreat after being rejected below $85 K. 2. Companies and institutions continued to increase their positions but also made allocation adjustments: Strategy added 1,665 $BTC and repurchased $152 million in STRC, Bitwise made a one-time purchase of $1.2 billion in $SOL, and BitMine’s $ETH holdings surpassed 6 million; meanwhile, BlackRock withdrew $127 million worth of $BTC and $ETH from Coinbase Prime. On the regulatory front, a report from US Senate Democrats stated that Tether had become a key channel for evading Iran sanctions, while Tether responded that it had assisted in freezing $550 million in related USDT. 3. Gate / $GT: -2.9% today, around $10.98, with a range of $10.72–$11.39. 4. Fundstrat’s Tom Lee believes this crypto bull market began in late June, with institutions still underallocated and likely to continue increasing their positions; Vitalik Buterin further elaborated on the “cryptographic world computer” roadmap, saying Hegota could be Ethereum’s final conventional hard fork; Peter Brandt said $XRP ’s chart is “already worth betting on.” 5. The leverage structure has shifted to defense: $BTC ’s open interest fell to $54.6 B, the long-short ratio dropped to 0.932, and $ETH stood at 0.973. Long liquidations were 2.7 times those of shorts; analysts generally believe $BTC remains in a bull market but could first see a pullback, with approximately $4.35 billion in options and unlock risks still needing to be absorbed in October. Polymarket also launched 15-minute Bitcoin price prediction markets in its US app on the same day. 6. Among major coins, $ETH is currently around $2,696 (+0.2%), repeatedly contesting the $2,700 level and the only major coin to close higher today; $SOL is around $119.8 (-2.0%) and fell below $120 despite Bitwise’s large purchase; $XRP is around $1.51 (-1.1%), with analysts believing it could target $1.80–$1.90 after moving above the 50-week EMA. 7. Altcoin sector: $QNT surged 34.4% for the second consecutive day to around $245.9, with trading volume of approximately $1.58 billion and a market cap of $3.58 billion, making it today’s strongest mover; $HBAR rose 37.3% (with trading volume of approximately $1.38 billion), while $ALGO followed with a 16.2% gain, and yesterday’s recommended $WLD gave back 10.7%. Entry pick: $HBAR (around $0.130) — with trading volume of approximately $1.38 billion and a market cap of $5.7 billion, it is the largest asset by market size among today’s high-volume breakouts and has the clearest enterprise-level narrative, with lower pullback risk than $QNT , which has doubled over two consecutive days. Market status today: $BTC around $83,922 (-0.8%); $ETH around $2,696 (+0.2%). Funds flowed from Bitcoin into altcoins, with major coins broadly declining while altcoins broadly rose. The Fear and Greed Index returned to the extreme greed zone at 75, with RSI at 62.4, as overheated sentiment and weakness in major coins emerged simultaneously. Next-day outlook: $BTC is expected to trade sideways tomorrow, with a range of approximately $82 K–$86 K, a bullish probability of 47/100, and a key level at $84 K. Holding it could lead to another test of $85 K, while a break below $82.5 K could send it down to $81 K. Long liquidations were 2.7 times those of shorts and the long-short ratio fell to 0.932, indicating that crowded long positions are being cleared, while the flow of spot capital into altcoins has left $BTC lacking incremental buying pressure in the short term; October’s $4.35 billion in options expiry and unlock pressure is the biggest variable for “Uptober,” while the altcoin rotation could continue to outperform major coins before sentiment peaks.

Traveled 80 kilometers round trip to attend an offline crypto meetup; BTC broke through a key resistance level—watch for subsequent changes in trading volume.