Bitcoin Rebounds Toward $78,000 as the Market Steadies After the Binance Hack Sell-Off

By Kevin · 2026-11-02 · News

Nov. 2 (CandyPulse) — Bitcoin is climbing back after a rough week. The world's largest cryptocurrency recovered to around $78,000, trading near $78,300 on Nov. 2, up about 1% in 24 hours, after the record Binance hack knocked it to a six-week low near $76,100.

Key takeaways

Bitcoin rebounded to about $78,000 to $78,300 over Nov. 1–2
The sell-off followed the $6.3 billion Binance hack on Oct. 29, sending BTC to a six-week low near $76,100
About $1.5 billion in leveraged positions were liquidated during the drop
U.S. spot Bitcoin ETFs saw about $643 million in net outflows on Oct. 30
Analysts see $80,000 as the key test, with resistance near $78,800 and $79,800

The week in numbers

Metric	Figure
Six-week low	~$76,100
Price on Nov. 2	~$78,300 (up ~1%)
Liquidations during the sell-off	~$1.5B
Spot BTC ETF flows (Oct. 30)	~−$643M
Key resistance	~$78,800, ~$79,800, then $80,000
Downside risk	A retest below $75,000 if momentum fades

Why the rebound looks fragile

Prices are recovering, but trading volume fell sharply on the way up, which some analysts read as weak participation. Combined with ETF outflows, that suggests buyers are cautious rather than confident. Binance reopening withdrawals helped calm nerves; read Binance withdrawals resume with $3.64 billion in net outflows.

How we got here

Before the hack, Bitcoin had neared $81,000 ahead of the Fed decision after dipping below $80,000. For the long-term picture, see JPMorgan's 10-year Bitcoin forecast.

What's next

Watch whether Bitcoin can reclaim $80,000 and whether ETF flows turn positive. Track the live price on our Bitcoin price today page and our Bitcoin topic page.

Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile and can lose value. Always do your own research before making any investment decision.