Bitcoin Reclaims $81K. $10.9B Options and Fed Could Flip Everything

Bitcoin (BTC) climbed back to around $81,415 on October 28, posting a 1.8% 24-hour gain. However, this technical rebound unfolds against cooling market sentiment, massive derivatives exposure, and one of the most event-heavy macro weeks of the year. Bitcoin's Relative Strength Returns On-chain analytics firm Glassnode noted that Bitcoin is outperforming the S&P 500 once more, winning more trading days than it lost in recent weeks. The contrast with June is stark: back then BTC won only one day in five, its weakest stretch in more than five years.