Bitcoin Drops Below $80,000 Ahead of Fed Decision, Put Options Remain Dominant

Chainthink

Release Time: 2026/10/27 11:45:09

Summary

Bitcoin fell below $80,000 on October 27, 2026, dropping to $79,700 during the session as the Fear & Greed Index indicated heightened caution. Ethereum declined 0.5%, and the DeFi index fell 1.8%. Asian tech stocks and the Korean Composite Stock Price Index rose 3.1%, but crypto assets lagged behind. The Fed’s rate decision looms, with a 90% probability of no rate hike. In the options market, demand for puts remains strong, with the largest Bitcoin put option at a $72,000 strike price for December 25. The put/call skew for 25 Delta options remains positive.

ChainThink reports that on October 27, Bitcoin fell below $80,000, dipping to $79,700 intraday; Ethereum declined 0.5%, and the DeFi index fell 1.8%.

The South Korean Composite Stock Price Index rose 3.1%, with Asian tech stocks strengthening, but the crypto market did not follow suit. The Federal Reserve began its two-day monetary policy meeting on Tuesday, with an interest rate decision expected on Wednesday.

CME FedWatch data shows that the market assigns approximately a 90% probability of maintaining interest rates unchanged, with traders monitoring whether further rate hikes are still possible this year.

Put demand still dominates the options market: The most actively traded Bitcoin option over the past 24 hours was the put option with a strike price of $72,000 expiring on December 25; the put/call skew for all maturities at the 25 Delta remains positive.

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