BTC Exchange Net Outflows Reach Near One-Year Highs【MEXC Alpha Trader – Daily Market Brief (September 29, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $83,048.00 (-0.65%) | ETH $2,665.07 (+0.43%) | SOL $117.10 (-2.82%)

· Market Sentiment: Funding Rate +0.0021% | Fear & Greed Index 73 (Greed)

II. Trading Signals / Market Highlights

· [Today's Focus] BTC | Spot withdrawals are accelerating, but leveraged buying has yet to be confirmed.

· As the market's primary liquidity anchor, BTC's 7-day average exchange net outflow has risen to 16,100 BTC per day, while perpetual buyer dominance has fallen to -1.4.

· Interpretation: Shrinking spot supply and weaker derivatives pricing are diverging, with capital positioning tilted toward holding rather than leveraged accumulation.

· Further Reading: 1

· [Market Watch] ETH | Institutional staking concentration is rising, further locking up circulating supply.

· ETH serves as the settlement layer for stablecoins, RWA, and L2. Bitmine's holdings have increased to 6.0013 million ETH, accounting for 4.9% of total supply, including 5.0673 million ETH already staked.

· Interpretation: Prices are easily influenced by short-term sentiment, while the staking ratio more directly reflects the contraction in tradable supply and the scale of institutional yield-oriented allocations.

· Further Reading: 1

· [Unusual Move] QNT | Clearing network partnership boosts valuation, with the price entering a project execution validation phase.

· As a play on institutional interoperability, QNT rose more than 400% at one point over four days after securing a technology partnership for The Clearing House's on-chain money project, which is expected to open in the first half of 2027.

· Interpretation: The partnership signals long-term infrastructure demand, while the rapid secondary-market revaluation has already priced in part of the execution expectations. Subsequent pricing will depend on actual integration and transaction volumes.

· Further Reading: 1

III. Regulation & Major Events

· Bitget | A vulnerability in a third-party security product led to approximately $388 million in assets being transferred without authorization. The platform said BTC withdrawals have resumed, with services for other networks to be restored in phases. Further Reading

IV. Exclusive Platform Benefits

· Loss Compensation Campaign (Round 3) (Futures)

· Alpha Trader September Welcome Campaign (Futures)

· Alpha Trader September Trading Competition (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Altcoin Trading Heats Up as Spot Volume Nears 4× BTC

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