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Free daily briefing · 06:30 ET · No. 8 out today
The flows, positioning and catalysts that matter today, with the number behind every call. One email. Six minutes.
Top 50 · biggest moves, 24h
LiveWhich of these matter, and why, is in tomorrow's issue.
Latest edition · No. 8
Wednesday, 28 October 2026 · 6 min read
A 5.4% fall puts the average ether holder at a loss. Bitcoin needs 33.5%.
Where to look today
The Federal Reserve decides at 18:00 UTC, and the market prices a wider bitcoin after it than before.
No US spot bitcoin fund sold on either 26 or 27 October, the first clean pair since 22 September.
Retail cut its long bias into the bounce: OKX accounts are 1.90 long per short in bitcoin, from 2.15 a day earlier.
Archive
BlackRock's fund took in $865m over the same eighteen sessions; Fidelity's gave back $589m.
Six of the seven chains earned $27,535 between them yesterday; Base earned $219,389.
On Monday they take 3.3%, and Utah is suing to claw back up to $61m of the business.
Irys alone did 633 times its normal daily volume, and 74.37m of its tokens unlock on 25 Oct.
The token gave back a 186% rally before the poll closed, and futures now equal half its float.
Questions
Token Tape is a free daily email newsletter on digital-asset markets. Each issue ranks the flows, positioning and catalysts that matter that day, with the numbers and a dated source behind every figure.
Every morning at about 06:30 ET, before the US equity open. Every issue is also published in the archive on this site the same morning.
Token Tape is edited by Eric Manoukian and written by an automated research desk he built and supervises. The desk pulls the data, drafts against a fixed editorial spec, and footnotes every figure.
CoinGecko, DefiLlama, Deribit, Hyperliquid, OKX, Coin Metrics, spot bitcoin ETF flow data, Polymarket, Kalshi, Snapshot governance, the US Treasury yield curve and primary documents such as filings and governance posts. Each issue lists its sources in the notes.
No. Token Tape ranks what deserves attention and explains why. It never makes buy or sell calls or sets price targets.
No. Token Tape is free. You can unsubscribe in one click from any issue.
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