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Bitcoin struggles near $80K amid volatile trading but MEXC CEO expects a rebound in 2026.

Market News
26 Oct 2026, 20:33 WIB
Bitcoin
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Bitcoin struggles near $80K amid volatile trading but MEXC CEO expects a rebound in 2026.

Bitcoin's price fluctuated around the $80,000 mark on October 26, with leveraged long liquidations reaching $36 million, representing 65% of all bitcoin liquidations. Despite a downward trend wiping out hopes for a strong October rally, MEXC CEO Vugar Usi Zade highlighted bitcoin's growing resilience to macroeconomic and geopolitical shocks, noting its positive reaction to recent Federal Reserve rate hikes. He explained that institutional trading mechanisms and ETF flows are changing how bitcoin prices form, decoupling inflows from immediate price changes. Looking ahead, Usi Zade remains optimistic that as economic pressures ease in 2026, bitcoin will enter a stronger bull cycle and see price gains.

As of Oct 27, 2026 00:41 WIB, Bitcoin trades at Rp1.449.110.118 on Pluang, showing a slight 0.47% decline over the past day. Despite the recent price fluctuations around $80,000 mentioned in the article, Pluang data indicates a dominant sell order activity at 73%, with a typical hold time of 112 days. The market cap stands at Rp29.270,56 trillion, highlighting Bitcoin's significant presence on the platform.

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