Bitget UEX Daily | Anthropic Pursues IPO; Meta Raises AI Capital; BTC Hovers Near Cost Basis (October 27, 2026)

I. Hot News Highlights

1. AI | Anthropic Publicly Files for an IPO

Anthropic filed an S-1 with the SEC on October 26, proposing a Nasdaq listing under “ANT.” Share count and price range remain undetermined, and the registration has not become effective.

Market impact: The filing provides more information for assessing AI application revenue, losses and capital requirements. Updates and pricing will help investors evaluate how application growth supports upstream compute investment.

2. US Manufacturing | Orders Slow as Costs Stay Elevated

The Dallas Fed October production index fell from 29.5 to 15.8 and new orders from 30.7 to 9.3, while general business activity rose from 9.8 to 13.4. Raw-material prices increased to 55.3, indicating persistent cost pressure.

Market impact: Manufacturing continued expanding at a slower pace. Deliveries, margins and tonight’s national durable goods release will help assess investment demand.

3. Macro | Fed Meeting Begins Ahead of a Busy Data Session

The Fed meets on October 27–28 US time; no decision has been announced today. Durable goods orders, consumer confidence, new home sales and the Richmond Fed manufacturing survey are scheduled tonight.

Market impact: Investment demand, household confidence and prices will be assessed together. Successive earnings and economic releases may amplify changes in growth and rate expectations.

II. Market Review

Commodities and FX

Oil retreated from last week’s highs and gold traded above $4,000, while long-term Treasury yields remained near 5%. Corporate costs, the dollar and financing conditions remain important for earnings and valuations.

Cryptocurrency Performance

BTC: 80,069.53 USDT, down 0.16% over 24 hours. ETH: 2,321.09 USDT, down 0.42%. Total crypto market capitalization was approximately $2.70 trillion, down 1.57%, with its separate update at 09:17 BJT.

Liquidation distances and cost gaps use contemporaneous USD reference prices of $79,968.56 for BTC and $2,318.16 for ETH.

BTC liquidation zones: A relatively prominent potential short-liquidation cluster lies around $80,600–81,300, approximately 0.79%–1.66% above the reference price. A potential long-liquidation cluster lies around $78,700–79,400, approximately 0.71%–1.59% below. Near-edge distances are similar, with the lower side slightly closer; leverage changes matter in either direction.

ETH liquidation zones: A relatively prominent potential short-liquidation cluster lies around $2,340–2,365, approximately 0.94%–2.02% above the reference price. A potential long-liquidation cluster lies around $2,275–2,295, approximately 1.00%–1.86% below. Near-edge distances are similar, with the upper side slightly closer; watch potential short liquidations on rebounds and long deleveraging on declines.

BTC institutional costs: Glassnode’s October 21 report estimates an average BTC cost of approximately $80,200 for the treasury companies it covers, using holdings data through October 19. BTC is approximately 0.29% below that reference. Strategy’s October 26 disclosure reported 848,517 BTC held as of October 25 at an average total cost of $75,446, including fees; BTC is approximately 5.99% above that cost. These percentages compare BTC prices with BTC costs only.

Market watch: BTC continues hovering near the $80,200 treasury cost reference, which is close to the lower $78,700–79,400 liquidation zone. Further declines warrant attention to widening reference losses and deleveraging. Both assets have similar upper and lower near-edge distances; the maps alone offer no clear direction or guaranteed support or resistance.

Major US Equity Indices

All three indexes rebounded, led by the Nasdaq, as technology sentiment improved. Revenue, profits and cash flow in upcoming earnings will test the fundamental support for the recovery.

Magnificent Seven

Four rose and three fell, with Tesla leading gains and Meta the largest decliner. Investors continue distinguishing chip demand, platform profitability and the costs of raising AI capital.

Sector Moves

Chips and design tools: Nvidia gained 2.39%, NXP 4.64% and Cadence 1.79%. Cadence released earnings after the close, so those results cannot explain its entire regular-session gain.

Crypto-linked equities: Coinbase fell 2.95%, Strategy 4.24% and Circle 7.07%, diverging from the tech rebound. Asset prices, trading activity and treasury financing remain separate factors to monitor.

III. In-Depth US Equity Analysis

1. Meta | Financing Highlights AI Capital Requirements

Event overview: Meta closed at $630.56, down 1.88%. It launched approximately $35 billion of underwritten offerings, comprising $22.5 billion of common stock and $12.5 billion of depositary shares representing mandatory convertible preferred stock. A separate planned ATM program of up to $60 billion is not expected before Q1 2027.

Market interpretation: The offerings and future program must be distinguished from completed funding. Broader financing capacity brings potential dilution and investment returns into focus.

Investment implications: Watch pricing, conversion and settlement terms, and operating cash generated by investment. Long-term per-share returns matter more than headline financing size.

2. Tesla | Upgrade Supports Expectations

Event overview: Tesla closed at $391.62, up 5.21%. Barclays upgraded it from Equal Weight to Overweight and raised its target from $370 to $450.

Market interpretation: The analyst sees stronger automotive, energy and autonomous-driving prospects, alongside a potential SpaceX combination. That combination remains an expectation, not an announced transaction.

Investment implications: Watch vehicle sales and margins, storage deliveries and Robotaxi operations. Operating performance will test the growth assumptions behind the upgrade.

3. Cadence | After-Hours Outlook Upgrade Supports Design Demand

Event overview: Cadence closed at $322.17, up 1.79%, before reporting third-quarter revenue of $1.633 billion, approximately 22% higher year on year, non-GAAP EPS of $2.11 and backlog of $8.2 billion.

Market interpretation: Full-year guidance calls for revenue of $6.387–6.417 billion and non-GAAP EPS of $8.37–8.43. Backlog still requires contract execution before becoming revenue.

Investment implications: Watch recurring revenue, design-tool adoption and margins. After-hours results and the next session’s reaction should be assessed separately from pre-release expectations.

IV. Market & Project Updates

1. Strategy Pauses Weekly BTC Buying and Repurchases STRC

Strategy reported no BTC purchases or sales and no ATM share sales during October 19–25. It used $204.9 million of cash to repurchase 2,068,459 STRC preferred shares; this capital-management action was not BTC spot buying.

2. Bitmine Updates Its ETH Treasury and Buybacks

Bitmine’s October 26 disclosure reported 6,051,933 ETH held as of 14:00 ET on October 25 and 10,452 ETH acquired over the past week. It also repurchased approximately 2.04 million common shares, a separate capital allocation from crypto purchases.

3. Glassnode Flags Divergence Between Spot Demand and Leverage

Glassnode’s October 26 Week 44 report said spot buying weakened after BTC’s failed rally, while futures leverage and long funding remained elevated. The report describes the prior week’s structure; renewed spot demand and leverage reduction remain key checks.

V. Today’s Market Calendar

Event preview: Core capital-goods orders, housing demand and consumer confidence will help assess the breadth of growth. The Fed’s decision follows the meeting’s conclusion; its opening today does not mean policy has already changed.

Institutional view: On October 26, RWA Wealth Partners CIO JP Powers said Anthropic’s filing supported optimism, while its eventual market reception remains to be tested. He also highlighted potential whipsaws if the week’s catalysts send conflicting signals.

For market information only; not investment advice.