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Daily CIO report

Daily CIO report: 2 November 2026

Bitcoin closed at $78,354, up 1.0% on the day. Its volatility regime is calm.

Written by our AI from the data shown. Every figure comes from the source named beside it. Nothing here is investment, tax, or legal advice. Past or simulated results do not indicate future results.

Markets

Bitcoin closed the UTC day at $78,354, up 1.0% on the day and down 2.2% over seven days. Ether closed the UTC day at $2,275, up 0.9% on the day and down 2.3% over seven days.

Over the same seven days among the other majors: Solana down 6.8%, XRP down 3.5%, BNB down 3.5%. Thirty-day realised volatility, annualised, ran from 28% for Bitcoin to 45% for XRP.

AssetClose1 day7 days30 days30-day volatility
Bitcoin (BTC)$78,354+1.0%-2.2%-7.3%28%
Ether (ETH)$2,275+0.9%-2.3%-14.7%37%
Solana (SOL)$94.53-1.1%-6.8%-20.3%42%
XRP (XRP)$1.25-0.1%-3.5%-15.8%45%
BNB (BNB)$712.69+1.2%-3.5%-7.2%41%
Daily closes in US dollars for the UTC day ending 2 November 2026 00:00. Source: Binance daily close (ArcticDB on S3 not connected); Binance daily close (USDT). Volatility is annualised from daily log changes.

Macro data not connected yet.

Regime

Our regime engine shows Bitcoin's volatility regime as calm, with a downtrend; and Ether's volatility regime as calm, with a downtrend. Other asset classes are not covered in this report yet.

Asset classVolatility regimeTrend
Digital assets: Bitcoincalmdowntrend
Digital assets: Ethercalmdowntrend
Equitiesnot covered yetnot covered yet
Ratesnot covered yetnot covered yet
FXnot covered yetnot covered yet
Commoditiesnot covered yetnot covered yet
Volatility regime: 21-day realised volatility against the past year's terciles (calm, normal, stressed), confirmed over three days. Trend: the close against its 50-day average and the 20-day change. Asset classes without a connected price history are not covered yet.

News

News feed not connected (the Massive news key is not set), so no headlines today.

Research

0 strategy versions moved through promotion in the same period. Research catalog not connected, so only promotion counts are shown.

Research activityCount
Strategy versions promoted in the last 7 days0
Aggregate counts only. Source: central promotions log

What we are watching

What we are watching: whether Bitcoin's calm volatility regime holds; whether Ether's trend state changes; how the majors move relative to each other. This describes current market conditions. It is not a forecast or a recommendation.

Sources

  • Binance daily close (ArcticDB on S3 not connected)
  • Binance daily close (USDT)
  • Hedgehog regime engine (research harness)
  • Central promotions log (counts only)

Important information

This report is for professional and high-net-worth investors only. It is not for retail investors. Because of US regulations, it is not intended for US citizens or residents.

It is education, not advice. It is not an offer, or a recommendation to buy or sell any asset or to use any strategy, and it does not take your circumstances into account.

The views in it are ours as of 2 November 2026. They may change without notice, and we may not update the report when they do.

Facts and figures from third parties come from the sources listed, which we believe to be reliable. We have not verified them independently and cannot guarantee that they are accurate or complete.

Any examples are hypothetical and for illustration only. Past or simulated results do not indicate future results.

Hedgehog Capital, its team, and its clients may hold positions in the assets, or run the strategies, discussed in this report.

Trading digital assets and derivatives involves significant risk, including the loss of all capital allocated. See the legal and risk notice.