BTC Briefly Tops $81,000 After Earlier Spot ETF Outflows【MEXC Alpha Trader – Daily Market Brief (November 5, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $80,630.00 (+4.74%)｜ETH $2,427.68 (+7.28%)｜SOL $95.98 (+4.39%)

· Market Sentiment: Funding Rate +0.0046%｜Fear & Greed Index 50 (Neutral)

· Rate Expectations: CME data on November 4 showed that the probability of a 25-basis-point rate hike in December had risen to 76.9%. Further Reading

· Crude Oil: Brent crude fell 7% intraday to $96.45 per barrel on November 5. Further Reading

II. Trading Signals / Hot Topics

· [Today's Focus] BTC｜Briefly Tops $81,000 After Earlier Spot ETF Net Outflows

· BTC, the crypto market’s main liquidity anchor, briefly topped $81,000 on November 4. Spot ETFs recorded net outflows of $115.6 million in the previous trading session, according to a report that day.

· Analysis: The ETF flows and price snapshot refer to different points in time, so they do not establish the source of funds behind this rebound.

· Further Reading: 1 2

· [U.S. Stocks Focus] Circle｜Revenue Growth Relies on Presale Recognition as Reserve Income Falls

· Stablecoin issuer Circle reported $865 million in third-quarter revenue and reserve income, including ARC presale revenue. Reserve income fell 8% year over year.

· Analysis: Presale revenue and reserve income are different in nature, so revenue growth does not necessarily indicate an expansion of the stablecoin reserve business.

· Further Reading: 1

· [U.S. Stocks Focus] Semiconductors｜Sector Falls as AI Hardware Valuations Come Under Pressure

· The Philadelphia Semiconductor Index, a bellwether for the AI hardware supply chain, fell 5% on November 5, while Nvidia dropped more than 2%.

· Analysis: The index’s larger decline compared with Nvidia points to varying degrees of weakness across the sector.

· Further Reading: 1

III. Regulation & Major Events

· U.S.｜Interim vote counts and media projections indicate that Democrats have retaken both chambers of Congress. Analysts believe progress on the CLARITY Act could be delayed until 2027. Further Reading

· Binance｜The platform said it would cover approximately $6.3 billion in losses from stolen assets, with approximately 98% of affected assets already replenished. Further Reading

· CFTC｜Perpetual futures on individual stocks were approved for trading on registered exchanges. The CFTC was sued by CMA on the same day amid a dispute over regulatory authority. 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: First Tokenized U.S. Stocks Go Live on Canton — Will the SEC Innovation Exemption Open the Door to On-Chain Equities?

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