What Happened Today on Oct 31, 2026?
$BTC is trading at $77,367 (+0.6%) on Halloween after a scary week! The market just survived the biggest hack in history.
Key Updates:
1. Binance Hack Aftermath: Binance suffered a $6.34B exploit on Oct 29. The exchange confirmed it will cover all losses from its own treasury and partners froze $3B of stolen assets. Withdrawals are paused but set to restart Nov 1 with new proof-of-reserves on Nov 2.
2. Massive Liquidations: Over $427M in leveraged positions were liquidated in 24h, affecting 93k traders. $BTC touched $76,337 before bouncing back.
3. Whales Are Buying: While retail was panicking, 9 new whale wallets bought 1900 $BTC worth $148M from Galaxy Digital. This is classic Fear buying!
4. Market Sentiment: Fear & Greed Index is at 30 (Fear) today, down from 51 last week. As Warren Buffett says - Be fearful when others are greedy and greedy when others are fearful. Now is Fear!
My Take:
$BTC holding $76k-$77k support is bullish. If we reclaim $78.5k, next target is $80k. $ETH is also up 2.2% to $2,241. The Halloween dump looks like a buying opportunity.
Is $BTC bottomed? I think whales think so.
What's your view? Will $BTC hit $80k next week?
#Bitco in #Binance #Halloween