🛡️ $BTC Holds $76K After a Brutal October — Is the Worst Over?
Bitcoin steadied near $77,200 on Saturday morning, 31 October, holding above $76,000 support.
What happened, in simple words:
• On Friday, 30 October, US spot Bitcoin ETFs saw $643.33 million in net outflows, led by BlackRock ($233.7M) and Fidelity ($201.04M)
• About $427 million in leveraged positions were liquidated in 24 hours, hitting around 93,000 traders, mostly traders betting prices would rise
• October ended red: roughly $300 billion was wiped from the total crypto market, with Bitcoin down about 7.5% in October — its worst October in 12 years
• The Fear and Greed Index sits at 30, which means Fear, down from 51 last week
The steadier side: Ethereum held near $2,241, up about 2.2%, and Bitcoin's 24-hour range was $76,338 to $78,638. Today also marks 18 years since Bitcoin's whitepaper (31 October 2008).
Levels traders are watching: support near $76,400, then $74,000 and $73,000 if a daily close breaks below $76,000. Resistance sits at $78,000, then $80,000–$80,500. If $76,400 holds and Bitcoin reclaims $78,000, a bounce toward $80,000 is possible; if $76,000 breaks, $74,000 is next.
What it means: the $76K floor has held so far, but Friday's ETF outflows show big investors are still cautious. Monday's ETF flows (2 November) will be the next big test.
After a red October, do you think November opens with a bounce off $76K — or one more dip first?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin #CryptoNews
Bitcoin steadied near $77,200 on Saturday morning, 31 October, holding above $76,000 support.
What happened, in simple words:
• On Friday, 30 October, US spot Bitcoin ETFs saw $643.33 million in net outflows, led by BlackRock ($233.7M) and Fidelity ($201.04M)
• About $427 million in leveraged positions were liquidated in 24 hours, hitting around 93,000 traders, mostly traders betting prices would rise
• October ended red: roughly $300 billion was wiped from the total crypto market, with Bitcoin down about 7.5% in October — its worst October in 12 years
• The Fear and Greed Index sits at 30, which means Fear, down from 51 last week
The steadier side: Ethereum held near $2,241, up about 2.2%, and Bitcoin's 24-hour range was $76,338 to $78,638. Today also marks 18 years since Bitcoin's whitepaper (31 October 2008).
Levels traders are watching: support near $76,400, then $74,000 and $73,000 if a daily close breaks below $76,000. Resistance sits at $78,000, then $80,000–$80,500. If $76,400 holds and Bitcoin reclaims $78,000, a bounce toward $80,000 is possible; if $76,000 breaks, $74,000 is next.
What it means: the $76K floor has held so far, but Friday's ETF outflows show big investors are still cautious. Monday's ETF flows (2 November) will be the next big test.
After a red October, do you think November opens with a bounce off $76K — or one more dip first?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin #CryptoNews
