Bitcoin Holds Near $77,000 as ETF Investors Pull $643 Million

and Market Liquidations Ease

Introduction

Bitcoin is attempting to stabilize near $77,000 after a sharp market sell-off triggered by the Binance security incident. Following a volatile trading session on October 30, BTC spent much of the subsequent night fluctuating between approximately $77,000 and $77,500, according to Journal du Coin.

The market is now focused on three important indicators: substantial withdrawals from US spot Bitcoin exchange-traded funds (ETFs), the ability of Bitcoin to defend the $75,000 support region, and a sharp reduction in forced liquidations across crypto derivatives markets.

Data reported on October 30 showed that US spot Bitcoin ETFs recorded approximately $643.33 million in net outflows, ending a four-session inflow streak. At the same time, total crypto liquidations over a 24-hour period fell to approximately $397.7 million, down from more than $1.5 billion during the previous major sell-off.

The figures suggest that the immediate wave of forced selling has eased. However, institutional withdrawals and broader macroeconomic uncertainty continue to create pressure on the market.

Key Highlights

• Bitcoin traded in a relatively narrow range of approximately $77,000–$77,500 during the night leading into October 31.

• US spot Bitcoin ETFs recorded $643.33 million in net outflows on October 30, according to SoSoValue data reported by TokenPost.

• BlackRock's IBIT recorded approximately $233.70 million in outflows, while Fidelity's FBTC lost approximately $201.04 million.

• Bitcoin briefly fell to approximately $76,140 on October 30, its lowest level since around September 17.

• The $75,000 area is emerging as an important technical support region.

• Crypto liquidations declined to approximately $397.7 million over 24 hours, compared with more than $1.5 billion during the previous sell-off.

• The US midterm elections on November 3 and the upcoming US employment report are among the next events investors are monitoring.

1. Bitcoin Attempts to Stabilize After the Binance-Related Sell-Off

Bitcoin's latest decline followed a difficult period for the broader cryptocurrency market. The reported Binance security incident intensified selling pressure at a time when leveraged positions were already vulnerable.

During October 30 trading, Bitcoin dropped to approximately $76,140, reaching its lowest level since around September 17, according to market data cited by Forbes. The cryptocurrency subsequently recovered some ground and traded around $77,000–$77,500 during the night leading into October 31.

The recovery indicates that buyers have appeared around lower price levels. However, a short-term rebound does not necessarily confirm that the market has established a durable bottom.

The $75,000 region has become an important reference point for traders. Mitchell Askew of Blockware identified this level as a key area to watch, suggesting that a sustained hold above it could create conditions for a recovery toward $80,000 after the US midterm elections.

That remains an analyst scenario rather than a confirmed market direction. Bitcoin would still need to attract stronger demand and overcome resistance above its current trading range.

2. Bitcoin ETFs Record $643 Million in Daily Outflows

The second major indicator is institutional investment activity.

US spot Bitcoin ETFs recorded approximately $643.33 million in net outflows on October 30, according to SoSoValue data reported by TokenPost. The withdrawals ended four consecutive sessions of net inflows and represented a significant reversal in institutional fund flows.

The largest reported withdrawals came from two major products:

Bitcoin ETF	Net outflow
BlackRock IBIT	$233.70 million
Fidelity FBTC	$201.04 million
ARK 21Shares ARKB	$129.55 million
Grayscale GBTC	$53.32 million
Bitwise BITB	$25.72 million
Total US spot Bitcoin ETF outflows	$643.33 million

Despite the withdrawals, cumulative net inflows into US spot Bitcoin ETFs remained positive at approximately $56.98 billion. Total net assets stood at around $98.14 billion, according to the same report.

This distinction matters. A large single-day withdrawal does not automatically mean institutional investors have abandoned Bitcoin. ETF flows can change substantially during periods of volatility as investors reduce exposure, rebalance portfolios or respond to new market risks.

Nevertheless, the scale of the withdrawals suggests that institutional demand was not strong enough to absorb all the selling pressure during the October 30 session.

Ethereum spot ETFs also experienced pressure, recording approximately $155.9 million in net outflows on the same day, according to Journal du Coin.

3. The $75,000 Support Level Becomes a Key Market Reference

The third important figure is the $75,000 price region.

Bitcoin's decline toward $76,140 brought the market closer to this level, which analysts are watching as a potential support zone.

Support is a price area where buying interest has historically emerged strongly enough to slow or reverse a decline. It is not a guaranteed floor, and its significance depends on how the market behaves when the price approaches it.

Mitchell Askew of Blockware argued that holding above $75,000 through the weekend could support a rebound and a potential move into the $80,000 range following the US midterm elections.

The scenario would require several conditions:

• Bitcoin must continue holding above the $75,000 region.

• Buyers must return with stronger spot-market demand.

• ETF outflows should moderate or reverse.

• Market participants must regain confidence following the Binance incident.

If these conditions are not met, Bitcoin could remain vulnerable to renewed selling pressure. A decisive move below the support region could encourage further defensive positioning and increase volatility.

For now, $75,000 is best treated as a market level under observation, rather than a confirmed price floor.

4. Crypto Liquidations Fall as Leverage Is Reduced

Another important development is the decline in forced liquidations.

Journal du Coin reported approximately $397.7 million in crypto liquidations over the 24 hours covered by its October 31 article, compared with more than $1.5 billion during the previous major sell-off.

Liquidations occur when an exchange automatically closes leveraged positions because traders no longer have enough collateral to maintain them. During a rapid decline, long positions can be liquidated, creating additional selling pressure.

The latest reduction suggests that much of the immediate forced-selling activity may have passed.

However, the composition of the remaining positions still matters. Journal du Coin reported that approximately 77% of liquidated positions in the measured period were long positions.

The Fear & Greed Index also remained in the fear region, around 35 out of 100, indicating that sentiment had not recovered alongside the reduction in liquidations.

Lower liquidation figures can reduce one source of market instability, but they do not necessarily indicate that new buyers are entering the market.

A sustainable recovery would likely require a combination of reduced leverage, stronger spot demand and improving investor sentiment.

5. Binance Security Incident Remains a Market Risk

The Binance incident continues to influence sentiment across the cryptocurrency sector.

The reported breach created concerns about the security of exchange infrastructure and the movement of stolen digital assets. The resulting uncertainty contributed to a broader reduction in risk appetite.

Forbes reported that Bitcoin's decline was already underway before the incident became the immediate market focus. Analysts cited by the publication also pointed to excessive leverage and the Federal Reserve's hawkish policy outlook as contributing factors.

This distinction is important: the Binance incident may have accelerated an existing market decline, but it should not be treated as the sole explanation for Bitcoin's weakness.

Journal du Coin also reported that an attacker-linked wallet still held approximately 18,270 BTC, valued at around $1.4 billion at the time of its report. The movement of these funds remains a potential source of market concern because large transactions could attract attention and increase uncertainty.

The market will also monitor Binance's withdrawal operations and any further official updates about the incident.

6. US Midterm Elections and Federal Reserve Policy Add to Market Uncertainty

Bitcoin's weekend stabilization comes ahead of a busy week for financial markets.

The US midterm elections are scheduled for November 3, 2026. Political developments can influence expectations around regulation, fiscal policy and broader financial-market sentiment.

The next US employment report is scheduled for November 6. Journal du Coin cited expectations for approximately 55,000 new jobs, although the actual result may differ.

Monetary policy is another important factor. The Federal Reserve maintained its target interest-rate range at 3.75%–4.00% on October 28. However, two members of the Federal Open Market Committee reportedly preferred an immediate rate increase.

The possibility of tighter monetary policy can weigh on risk-sensitive assets such as Bitcoin by influencing borrowing costs, liquidity conditions and investor appetite.

Market participants will therefore be watching both economic data and political developments as they assess whether the latest Bitcoin rebound can continue.

What Happens Next?

Bitcoin's near-term direction will depend on whether buyers can turn the current stabilization into a more sustained recovery.

1. The $75,000 support region

A sustained hold above this area could help stabilize sentiment. A break below it would increase the risk of another test of lower price levels.

2. ETF fund flows

Investors will watch whether the $643.33 million withdrawal session is an isolated reaction or the beginning of a longer period of institutional selling.

3. Binance security updates

Further information about the breach, asset recovery and exchange operations could influence confidence across centralized and decentralized crypto markets.

4. Derivatives positioning

Lower liquidation activity may reduce immediate selling pressure, but renewed leverage could make Bitcoin vulnerable to another sharp move.

5. US political and economic events

The November 3 midterm elections and November 6 employment report could affect expectations for economic policy and risk assets.

Final Takeaway

Bitcoin's movement around $77,000 reflects a market attempting to stabilize after a major security-related shock. The decline in liquidations suggests that the most intense phase of forced selling may have eased, but the $643.33 million in spot ETF outflows shows that institutional demand remains under pressure.

The $75,000 region is now a key technical level to monitor. Holding above it could support a recovery attempt toward $80,000, as suggested by Blockware's Mitchell Askew. A sustained break below it, however, could renew downside concerns.

For now, Bitcoin's weekend outlook remains dependent on three factors: price stability, ETF flows and the wider response to the Binance incident. The coming US political and economic events may provide the next major catalyst.

Informational Disclaimer

This article is published by Coinccino for informational and educational purposes only. It does not constitute financial, investment, trading or legal advice. Cryptocurrency markets are highly volatile and involve risks, including market losses, liquidity constraints, leverage-related liquidations and security incidents. Coinccino does not provide buy or sell signals and does not guarantee investment outcomes. Readers should conduct independent research and assess their own risk tolerance before making financial decisions.