Market Todayâ–Ľ Bearish
Why is crypto down today? Bitcoin fell 1.15% to $77,015 after Binance hack and outflows
TradingGain Newsroom··02 Nov 2026, 18:30 UTCBitcoin fell 1.15% over the last 24 hours to about $77,015, and the wider market mostly declined too, with only 62 of 252 tracked coins rising. The most likely reasons are the Binance hack and the outflows that followed its reopened withdrawals, along with $643 million of ETF outflows. Sentiment remains in the Fear zone.
Updated 00:00 ISTRefreshes every 2 hours from live Binance futures data
Market breadth62 / 252coins up in 24h
Fear & Greed37Fear · yesterday 34
BTC funding0.0100%per 8 hours
BTC open interest+0.15%24h · $7.60B
What moved the market
- A $6.3 billion hack linked to North Korea led Binance to freeze withdrawals for 45 hours. After they reopened, reports showed heavy outflows from the exchange.
- Bitcoin ETFs lost $643 million, which points to heavy selling pressure during the same period Bitcoin dropped.
- Only 62 of 252 tracked coins rose in 24 hours, so the decline was broad rather than limited to Bitcoin.
- Fear & Greed Index is at 37 (Fear), up from 34 yesterday. Bitcoin funding of 0.01% per 8 hours and open interest up only 0.15% suggest little new leveraged buying.
What to watch next
Bitcoin is trading below both support levels at $77,721 and $77,129. Traders may watch whether it can reclaim $77,721 and then test resistance near $78,647.
Bitcoin levels to watch today
Resistance 2$78,980
Resistance 1$78,647
Pivot$78,054
Support 1$77,721
Support 2$77,129
Classic daily pivot levels for BTC, calculated from the last completed daily candle.
BTCLive chartOpen full chart →
Written by TradingGain from live Binance futures data, the Fear & Greed Index and today's top stories.Live update →