BTC Spot Premium Has Remained Negative for 19 Consecutive Days【MEXC Alpha Trader – Daily Market Brief (October 13, 2026)】

I. Macro and Market Sentiment

· Market data: BTC $82,363.00（-1.52%）｜ETH $2,461.46（-3.16%）｜SOL $105.24（-5.73%）

· Market sentiment: Funding rate +0.0024%｜Fear & Greed Index 57（Greed）

· Rates and energy: Brent crude rose to $107.25/barrel, while the long-bond term premium stands at around 0.98%, tightening energy-driven inflation and financing conditions simultaneously. Read more

· Data preview: September headline CPI is expected to come in close to 3.7% year over year, with this week's CPI and PPI set to test market pricing for rate hikes. Read more

II. Trading Signals / Hot Topics

· [Today's Focus] BTC｜Spot Demand Remains Unconfirmed, With Rate Pressure Driving Near-Term Pricing

· As the primary liquidity anchor for the broader market, the Coinbase BTC premium has been negative for 19 consecutive days, most recently at around -0.12%.

· Interpretation: The negative premium indicates that regional spot buying is weaker than in global markets, with price volatility driven more by macro liquidity than spot absorption.

· Read more: 1

· [On-Chain] ETH｜Treasury Staking Concentration and Shrinking Circulating Supply Have Become Key Variables

· As a settlement layer for RWA, stablecoins, and L2s, Bitmine holds around 6.03 million ETH, representing approximately 4.9% of supply, of which 84% is staked.

· Interpretation: Price action is susceptible to risk-asset sentiment, while the staking ratio directly affects tradable circulating supply and marginal supply elasticity.

· Read more: 1

· [Unusual Move] SOL｜Treasury Buying and Selling Are Diverging, While Concentrated Transfers Amplify Spot Supply Sensitivity

· As a proxy for high-frequency on-chain activity throughput, SkyAI has sold around 1.25 million SOL over the past 5 days, while DFDV added around 22,000 SOL over the same period.

· Interpretation: The two treasury flows are moving in opposite directions, but the scale of selling far exceeds accumulation, increasing market sensitivity to exchange liquidity and actual trading volumes.

· Read more: 1 2

III. Regulation and Major Events

· FSB｜Calls for cross-border information sharing, risk monitoring, and issuer crisis-resolution mechanisms for stablecoins. Read more

· France｜Plans to include crypto assets in its exit tax from 2027 and require declarations from holders with year-end self-custodied assets exceeding €100,000. Read more

· XRPL｜xrpld 3.4.1 has fixed a payment engine vulnerability, and the foundation stated that no additional XRP was issued. Read more

IV. Platform-Exclusive Benefits

· Loss Subsidy Campaign (Round 4) (Futures)

· Alpha Trader October Zero-Fee Task (Futures)

━━━━━━━━━━━━━━━━━━━━━━

Recommended Reading: MEXC On-Chain Daily Report: Hong Kong to List Its Second Spot Solana ETF on October 13

DISCLAIMER - AI-GENERATED CONTENTS

This report is generated by an artificial intelligence (AI) system that automatically collects and synthesizes information from third-party public sources. It is provided on an "AS IS" basis for informational purposes only. We do not warrant that the report is accurate, complete, or error-free. AI may misinterpret data or omit critical information. AI may also generate factually incorrect or fabricated content, including false citations or conclusions. Treat this as a machine-generated product ONLY. The report relies on external sources over which we have no control. We do not verify their accuracy, and they may contain errors or misinformation.

THIS REPORT DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, LEGAL, OR TRADING ADVICE. Nothing herein recommends buying, selling, or holding any asset. All investments carry substantial risk, including loss of principal. Past performance does not guarantee future results. Consult licensed professionals before acting.

You are solely responsible for verifying all information and for all decisions made based on this report.