WEEX Exclusive：Bitcoin Tests $85K Resistance; STRK Surges | WEEX TradFi Daily Brief (October 12, 2026)

Today’s Digest

• Bitcoin traded near $83,700 and is testing the $84,000–$85,000 cost-cluster resistance.
• L2 scaling and ZK modular names led, with STRK strong; MAGIC led high-performance L1s, gaming and DePIN.
• NVIDIA’s market cap is approaching $6 trillion, with AI infrastructure demand still supporting; optical modules were relatively resilient.
• Ciena rose more than 14% last week, while Shopify rose more than 11%.
• Bond markets are closed on October 12 ET for the holiday, while equities trade as normal.

1 Crypto Highlights

1）Bitcoin Near $83,700; $84,000–$85,000 Is the Core Resistance

Bitcoin traded near $83,700 and is testing the $84,000–$85,000 cost-cluster zone. On-chain cost distribution shows this area as a major holder-reaction zone. If price cannot hold above it, the market may first retest $79,000–$77,000 support. A volume breakout that holds would digest much of the cost pressure and leave less resistance overhead. Near term, watch whether ETF inflows and major-token volume expand together.

Watchlist: BTC, ETH
Spot: BTC / ETH
Futures: BTC / ETH

2）L2 Scaling and ZK Modular Names Lead; STRK and Others Rally

Among altcoins, Layer 2 scaling, especially ZK and modular names, stood out. STRK, MANTA and MEGA rose together. The move stacked network upgrades, quantum-resistance plans and the RWA narrative. Starknet (STRK) unlocks about 127 million tokens on October 15, about 3.37% of circulating supply. The unlock is limited relative to daily volume, but profit-taking after the rally needs watching.

Watchlist: STRK, MANTA, MEGA
Spot: STRK / MANTA / MEGA
Futures: STRK / MANTA / MEGA

3）High-Performance L1s, Cross-Chain, Gaming and DePIN Shine; MAGIC Leads

High-performance Layer 1s, cross-chain interoperability, on-chain gaming and DePIN stood out. MAGIC led, with IO, FIL and EIGEN following. AI compute, decentralized storage and gaming demand lined up, rotating capital from high-volatility memes into tokens with infrastructure stories. If majors stall at resistance, high-beta groups can retrace faster.

Watchlist: MAGIC, IO, FIL, EIGEN
Spot: MAGIC / IO / FIL / EIGEN
Futures: MAGIC / IO / FIL / EIGEN

2 Stock Highlights

1）NVIDIA (NVDA) Market Cap Approaches $6 Trillion; AI Infrastructure Demand Still Supports

NVIDIA (NVDA) held high after the earlier rally as markets stayed focused on data-center and AI order visibility. Long-end yields are at multi-year highs, but weak labor data reduced the odds of further tightening, and capital still preferred compute hardware. Next is the durability of customer capex and later guidance.

Watchlist: NVDA
Spot: NVDA
Futures: NVDA

2）SpaceX (SPCX) Holds the Stage High as Starship and Compute-Cloud Stories Continue

SpaceX (SPCX) held high after rising more than 7% earlier. A major bank had reiterated Overweight with a $300 target and argued growth-adjusted valuation still trades at a discount to mega-cap AI peers. Starship test progress, third-quarter results and more compute-cloud deals remain potential catalysts.

Watchlist: SPCX
Spot: SPCX
Futures: SPCX

3）Optical Modules and Fiber Hold Up; LITE, GLW and COHR Attract Allocation

Optical communications was relatively resilient in a choppy tech tape. Lumentum (LITE), Corning (GLW) and Coherent (COHR) drew flows. AI data centers still need high-speed modules and fiber, and carrier expansion deals support valuations. High rates still cap overall risk appetite, but the infrastructure logic is intact.

Watchlist: LITE, GLW, COHR
Spot: LITE / GLW / COHR
Futures: LITE / GLW / COHR

4）Ciena (CIEN) Rose More Than 14% Last Week as Optical Demand Expectations Firmed

Ciena (CIEN) rose more than 14% last week, about 15.6% over five days. Peers put out high-double-digit growth outlooks for optical interconnect, while AI data centers kept demanding high-speed modules and fiber links. Capital rotated into the optical chain as semiconductors adjusted. Next is customer capex and order visibility.

Watchlist: CIEN
Spot: CIEN
Futures: CIEN

5）Shopify (SHOP) Rose More Than 11% Last Week on E-Commerce and AI Tool Expectations

Shopify (SHOP) rose more than 11% last week. Markets are watching monetization of AI-assisted tools and merchant services, plus expectations that consumer data is stabilizing. In the broader tech repair, software and e-commerce platforms drew flows. Next is merchant activity and guidance.

Watchlist: SHOP
Spot: SHOP
Futures: SHOP

3 Today’s Preview

Bond markets are closed on October 12 ET for the holiday, while equities trade as normal. Investors will watch rate-sensitive groups while bond pricing is paused, as well as logistics and consumer-related earnings expectations.

Bond Markets Closed — October 12 ET

Long-bond trading is paused for the holiday, while equities open as usual. A pause in yield pricing can amplify equity swings, and rate-sensitive real estate, small caps and long-duration tech may move on their own tape. If tech repair continues, QQQ and SPY remain core gauges; if risk appetite fades, IWM may be more sensitive.

Watchlist: SPY, QQQ, IWM
Spot: SPY / QQQ / IWM
Futures: SPY / QQQ / IWM