Bitcoin hits $76,400, lowest since Sept. 18, and heads for a roughly 6.5% October loss
The Binance hack and a tech-stock selloff landed on the same day, pushing bitcoin to a six-week low as crypto futures liquidations jumped to $1.57 billion, about four times the prior level.
Bitcoin fell as low as $76,400 early Friday, its weakest level since Sept. 18, as the $6.3 billion Binance hack coincided with a tech-led stock selloff driven by Intel and Amazon.
| Item | Value |
|---|---|
| Bitcoin low (Oct. 30) | $76,400 (lowest since Sept. 18) |
| Oct. 1 open | $83,576 |
| October change (as of Friday morning) | About -6.5% |
| Crypto futures liquidations (24h) | $1.57B (BTC $522M, ETH $361M) |
| BNB (24h) | -6.2% |
| Fear & Greed index | 36 (fear) |
Why it matters — The October monthly candle closes at 00:00 UTC on Nov. 1. At current levels October would end with a monthly loss, and the gap to its 200-day average (about $73,125) has narrowed to 4%-5%. CoinDesk reported that large traders bought $78,000 puts within minutes of the first Binance outflows and that one-week put skew reached 18%, a sign of continued hedging against further losses. U.S. spot bitcoin ETFs, by contrast, logged a fourth straight day of net inflows on Thursday (+$17M), so institutional money has not rushed out.
Market reaction — Ether briefly dropped to $2,170. Futures volume rose 74% while open interest fell 3%, meaning leveraged positions were flushed out. Standard Chartered warned weakness could last until details of the hack emerge and frozen coins are released.
WMR data — Exchange volume rankings and coins with volume spikes are on the crypto dashboard; the Fear & Greed index and VIX are on Market pulse.
What to watch next — When Binance reopens withdrawals and how large net outflows are afterward, the monthly closing price, demand for $74,000 puts expiring Nov. 13, and Monday’s U.S. spot ETF flows.
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