Crypto Market Recap Oct 28: BTC Up 1.36%, EVAA Surges 134%

Bitcoin traded at $80,892.1 on Tuesday, October 28, 2026 at 12:05 WIB, up 1.36% over 24 hours with $8.51 billion in futures volume on Binance USDT-M. Ethereum followed at $2,352.2, gaining 1.55% on $6.16 billion in volume. The data comes from Binance's public Futures API, compiled by Queenby.

Bitcoin and Ethereum Climb Together, Large-Cap Alts Follow

Beyond BTC and ETH, other major coins also traded green. SOLUSDT rose 1.63% to $101.89 on $1.07 billion in volume, BNBUSDT gained 1.10% to $746.29 on $278 million, and XRPUSDT climbed 2.02% to $1.3263 on $505 million. Gains clustered in the 1-2% range suggest a broad, synchronized move rather than one coin driving the whole market.

BTC's volume above $8.5 billion in 24 hours points to thick liquidity despite the moderate price gain. Heavy volume paired with modest price moves often signals active two-way trading rather than a single buying wave.

Altcoins Steal the Spotlight: EVAAUSDT Jumps 134%

The day's biggest moves happened outside the top five coins. EVAAUSDT surged 134.64% in 24 hours on $276 million in volume, the largest gain among pairs with at least $50 million in liquidity. AINUSDT followed with a 66.91% gain on $730 million in volume, notably higher trading volume despite the smaller percentage move.

Three other names also rallied hard: APRUSDT gained 39.75% ($272 million volume), BTWUSDT rose 34.26% ($129 million), and HAEDALUSDT climbed 27.21% ($104 million). Moves of this size in a single day are typically driven by project-specific news, be it a new listing, partnership, or community-driven momentum, and tend to come with sharp volatility in both directions.

Biggest Losers: QUSDT Crashes 76%, BULLAUSDT Tumbles

On the other side, QUSDT posted the steepest decline, plunging 76.12% in 24 hours on $666 million in volume, one of the largest volumes on today's list. A drop that deep combined with that much volume signals heavy, large-scale selling rather than a minor pullback.

BULLAUSDT also tumbled 47.47% on $334 million in volume. Three more coins rounded out the losers list: AKEUSDT fell 29.02% ($123 million), IRYSUSDT dropped 24.99% ($74 million), and DOODUSDT declined 12.27% ($128 million). The pattern is a reminder that smaller altcoins can swing wildly in either direction within hours.

Funding Rate: Who's Paying Whom

Funding rate is a recurring payment exchanged every 8 hours between long and short traders on perpetual futures, depending on which side dominates. A positive rate means longs pay shorts, usually because long positioning is crowded and the exchange needs to bring the futures price back in line with spot.

Today's most positive funding rate belongs to AINUSDT at 0.0638% per 8 hours, followed by EVAAUSDT at 0.0499% and JCTUSDT at 0.0264%. These figures line up with the sharp price gains in AINUSDT and EVAAUSDT noted above, suggesting heavy long positioning in both coins.

On the opposite end, DOODUSDT recorded the most negative funding rate at minus 1.3622% per 8 hours, far more extreme than the rest of the market. A rate that large means short traders are paying a steep premium to longs, indicating a heavily crowded short position, which also tracks with DOODUSDT's 12.27% price decline over the same period. BULLAUSDT posted negative funding of 0.1263% and QNTUSDT came in at minus 0.0306%.

Open Interest and Long/Short Ratios: A Snapshot of Positioning

Open interest measures the total value of futures contracts still open, meaning not yet closed. BTCUSDT open interest sits at $7.67 billion, down 2.6% over the past week. That decline happened even as BTC's price rose over the last 24 hours, which could mean some traders closed older positions during the rally rather than adding fresh leverage.

On the account side, 66% of accounts holding BTCUSDT are positioned long, with a long-to-short ratio of 1.96. That means for every short account, there are nearly two long accounts. It's worth noting this metric counts the number of accounts, not position size, so one large account could offset many smaller ones on the other side.

For ETHUSDT, open interest stands at $5.51 billion, down 1.7% over the week, a similar pattern to BTC. ETH's long ratio runs even higher: 75% of accounts are long with a ratio of 2.96, suggesting retail sentiment on ETH skews more bullish than on BTC.

Taker Buy/Sell: Gauging Market Aggression

The taker buy/sell ratio compares aggressive market buy orders against market sell orders, capturing actual executed trades rather than just open positioning. A reading above 1 means aggressive buyers dominated execution.

For BTCUSDT yesterday, the ratio came in at 0.96, slightly below 1, meaning aggressive sellers were marginally more active even as BTC's price still rose 1.36% over 24 hours. That combination suggests the price gain wasn't purely driven by dominant taker buying, perhaps stacked limit buy orders at certain price levels played a role instead.

ETHUSDT showed a different pattern, with a taker buy/sell ratio of 1.02, slightly above 1, consistent with its larger 1.55% price gain on the same day. Aggressive buyers appear to have had a slight edge in ETH compared to BTC.

What It Means for Traders

A few concrete things worth watching from today's data:

• BTC's $80,892 level and ETH's $2,352 level serve as reference points for whether this 24-hour gain holds or reverses.
• DOODUSDT's minus 1.3622% funding rate is extreme, a setup that raises short squeeze risk if price suddenly reverses higher, since heavily crowded shorts could be forced to close at once.
• Both BTC and ETH open interest fell over the past week even as prices rose, worth tracking to see whether this is healthy consolidation or fading trading interest.
• EVAAUSDT, AINUSDT, and QUSDT stand out for high volatility today, and continued moves in these coins deserve attention given their trading volumes are also substantial rather than moving on thin liquidity.
• The long-skewed account ratios in BTC and ETH point to optimistic retail sentiment, but BTC's sub-1 taker buy/sell ratio offers a mixed signal worth weighing alongside it.