BTC Spot ETFs Record $678.9 Million in Weekly Net Outflows【MEXC Alpha Trader – Daily Market Brief (October 12, 2026)】

I. Macro & Market Sentiment

· Market data: BTC $83,542.00（+0.72%）｜ETH $2,538.48（+1.21%）｜SOL $111.34（+1.27%）

· Market sentiment: Funding rate -0.0005%｜Fear & Greed Index 69（Greed）

· Data preview: US September CPI and core CPI next week will test the interest-rate path, with markets pricing in roughly a 19% chance of a rate hike on October 28. Read More

II. Trading Signals / Hot Topics

· [Today's Focus] BTC｜Spot ETF Outflows Diverge From the Price Rebound, Signaling a Disconnect in Capital Structure

· As the market’s primary liquidity anchor, BTC spot ETFs recorded net outflows of $678.9 million this week, while ETH spot ETFs saw net outflows of $542.2 million over the same period.

· Analysis: Spot ETFs serve as institutional subscription and redemption channels. Concurrent outflows across both assets indicate that the price recovery has yet to be validated through this channel, pointing to broad capital contraction rather than asset-specific divergence.

· Read More: 1

· [On-Chain] FIL｜The End of Genesis Vesting Will Reduce New Supply, Shifting Token Valuation Toward the Existing Circulating Structure

· As a supply-side case study in decentralized storage, FIL’s six-year genesis vesting program is nearing completion, with annual new supply expected to decline 77%.

· Analysis: Scheduled vesting unlocks represent a persistent source of sell-side flow. Their conclusion will reduce structural supply, making future price signals more dependent on block rewards and actual selling pressure from token holders.

· Read More: 1

· [Unusual Move] AERO｜A Cross-Chain DEX Merger Reshapes Revenue Allocation, Driving Simultaneous Momentum in Both Tokens

· As a multi-chain liquidity aggregation vehicle, AERO and VELO will merge into a unified AERO on October 21, with approximately 94.5% of historical revenue allocated to AERO holders.

· Analysis: The token merger concentrates trading liquidity and revenue claims in a single asset. Elevated near-term trading activity reflects the market’s reassessment of migration terms and cash-flow allocation.

· Read More: 1

III. Regulation & Major Events

· Ledger / CryptoBilis｜Ledger confirmed that affected devices contained unauthorized hardware implants, with potential losses of related crypto assets possibly exceeding $86 million. Read More

· SEC / Linqto｜The SEC sued two former Linqto executives, alleging they misled investors out of more than $430 million through SPV interest sales. Read More

IV. Platform-Exclusive Benefits

· Loss Subsidy Campaign (Round 4) (Futures)

· Alpha Trader October Zero-Fee Mission (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Tokenized Commodities Expand Into Gold Lending and Oil Markets

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