Bitcoin (BTC) — Onchain News & Whale Tracking

Analysis: The number of non-empty Bitcoin wallets has dropped by around 108,700, and sell-offs by retail investors may signal a bullish trend.

Santiment noted in a post that the number of non-empty Bitcoin wallets reached 59.99 million on October 16, and has since fallen by around 108,700. BTC’s price has now dropped below $75,000, a sign that some small-scale holders may be losing patience. Santiment emphasized that the decline in wallet count does not necessarily mean Bitcoin’s actual usage is shrinking. During extended market downturns, small traders often merge wallets or liquidate positions out of panic; this retail capitulation has historically been a hallmark preceding major crypto market rallies. If wallet numbers keep declining while BTC’s price stabilizes, this signal will turn more bullish.

X trader TwoEyes bets the US will end lockdowns in November, and holds long positions worth tens of millions of dollars in Bitcoin and gold.

According to TradingBeats monitoring, cross-market trader TwoEyes (X handle: two_gifts_) invested approximately $7,594 in the early hours of today to buy the "Yes" prediction for "the U.S. announcing the end of its blockade on Iran by the end of November". The average execution price corresponds to an implied probability of around 21.8%. Currently, the market probability for this outcome has dropped to 17.5%, and the position is valued at roughly $6,088, with an unrealized loss of about $1,506. The same account also allocated around $1,964 to purchase the "Yes" prediction for "Russia and Ukraine reaching a ceasefire agreement by the end of the year". On Hyperliquid, TwoEyes’ current main long positions are concentrated in gold and BTC, with a combined notional value of approximately $10.749 million: - Gold: Long position worth about $6.3163 million, average entry price of $4,013.41, unrealized profit of roughly $157,400. - BTC: Long position worth around $4.4326 million, average entry price of $74,298.2, unrealized profit of about $26,800. During today’s position adjustments, the account exited its ETH long position, cut its WLD holdings by roughly half, and opened a new XRP long position worth approximately $323,900. After reducing and then repurchasing BTC, its overall BTC holding increased slightly today; gold positions were trimmed.

Yesterday, U.S. spot Bitcoin ETFs posted net outflows of $201 million, while U.S. spot Ethereum ETFs recorded net outflows of $184.6 million.

According to Farside data, U.S. spot Bitcoin ETFs registered a total net outflow of $201 million yesterday. Of this, IBIT saw a net outflow of $213.2 million, ARKB posted a net outflow of $9.9 million, and MSBT recorded a net inflow of $22.1 million; FBTC, BITB, BTCO, EZBC, BRRR, HODL, BTCW, GBTC, and BTC had no capital inflows or outflows. U.S. spot Ethereum ETFs posted a total net outflow of $184.6 million yesterday. The breakdown shows: ETHA had a net outflow of $119.3 million, ETHB saw a net outflow of $20.8 million, FETH recorded a net outflow of $19.1 million, ETH posted a net outflow of $25 million, and TETH had a net outflow of $2 million; MSSE registered a net inflow of $1.6 million, while ETHW, ETHV, QETH, EZET, and ETHE had no capital movements.

Hyperliquid’s stock contract trading volume once again outpaced Bitcoin’s.

Glassnode data shows that the trading volume of stock-based contracts on Hyperliquid has once again exceeded that of Bitcoin. Although both U.S. stock and Bitcoin prices have continued to decline over the past weeks, crypto-native traders appear more inclined to trade stocks on dips. Glassnode notes that the last time the ratio of stock contract trading volume to Bitcoin trading volume peaked was in August this year, when BTC was near a cyclical low, followed by a breakout rally.

Strive’s Chief Investment Officer: Growth in Bitcoin holdings per share must be evaluated in conjunction with financing costs and capital structure.

Ben Werkman, Chief Investment Officer at Bitcoin treasury firm Strive, wrote that the growth rate of Bitcoin held per share is a key metric for measuring the capital allocation efficiency of treasury companies, but it cannot be evaluated in isolation from financing costs and capital structure. When a company’s stock trades at a premium to its Bitcoin net assets, issuing additional common shares to purchase BTC can increase Bitcoin held per share; repurchasing shares can also boost this metric, though it may deplete cash reserves. Werkman warned that if funds raised from preferred share financing are continuously used to repurchase common shares, it could weaken the asset backing for preferred share dividends and harm the interests of preferred investors.

Bitcoin mining firm MARA’s Q3 net profit rose to $632 million, and it sold 13,597 BTC in October to repay loans.

Bitcoin mining firm MARA released its third-quarter 2026 results, reporting it mined 2,247 BTC in the quarter, a 5% year-over-year increase. Its operational hash rate rose 18% YoY to 71.2 EH/s. Revenue fell 35% YoY to $164 million, while net profit jumped from $123 million in the year-ago period to $632 million. Bitcoin prices rose around 43% from the end of Q2, and MARA recognized fair value adjustments on its BTC holdings in current-period profit or loss. As of the end of September, MARA held 34,012 BTC, a 36% YoY decline, driven primarily by BTC sales in the first half of the year, with some proceeds used to repurchase convertible bonds and repay credit facilities. In October, MARA sold an additional 13,597 BTC at an average price of roughly $81,039, generating around $1.1 billion in proceeds, which it used to fully repay a $750 million Bitcoin-backed mortgage and release 17,477 BTC from collateral.

Significant progress has been made in US-Iran peace talks, driving sharp rallies in US stocks and gold, a steep slump in crude oil, while Bitcoin remains in sideways consolidation.

Overnight to early morning, US-Iran peace talks made major progress. According to media reports, the U.S. agreed to allow Iran to maintain uranium enrichment at a maximum of 3.67%, a condition Iran accepted. The two sides are also arranging discussions on the return of International Atomic Energy Agency (IAEA) inspectors to Iran, with a preliminary agreement on Iran’s uranium enrichment level expected. Brent crude oil’s intraday losses widened to nearly 8%. After meeting with Qatar’s prime minister on Monday, Trump said there is no need for military action currently; if the Middle East situation changes, the U.S. stands ready to act at any time, but such an outcome is “extremely unlikely” for now. Affected by the news, the S&P 500 notched its largest daily gain in seven months, while the Dow Jones closed up more than 2% each; the semiconductor index rose nearly 7%, with a two-day cumulative gain of 11%. In terms of individual stocks, data from the BIT Stock Platform shows AMD rose over 10%, SpaceX gained nearly 6%, while Nvidia fell 4.27% against the trend due to the Jensen Huang incident. AI stocks continued their rebound: among optical communication concept stocks, Coherent rose nearly 17%, Lumentum gained over 10%, and MRVL rose 9.49%; storage stocks SNDK rose 6.16%, STX and WDC both climbed nearly 10%; neocloud concept stocks NBIS rose 9.24%, CRWV gained 5.56%. Crude oil was pressured by expectations of easing geopolitical tensions. Brent crude once dropped nearly 8%, and West Texas Intermediate (WTI) crude fell more than 6% at one point. Meanwhile, as the U.S. dollar index retreated, copper and precious metals (gold and silver) rebounded. Notably, HTX market data shows Bitcoin, which had been relatively resilient amid prior declines, performed weakly in this rebound, still failing to recoup its losses from yesterday’s morning session, and was temporarily trading at $75,337.00.

AntPool has mined the Bitcoin block with the second-highest number of transactions in Bitcoin history, earning just around $180 in total transaction fees.

According to CoinDesk, AntPool mined Bitcoin block 974961 last Saturday, which included 11,255 transactions. Per mempool.space data, this number is 984 transactions short of the network record of 12,239 set by F2Pool’s block 367853 on August 1, 2015, making it the second-highest transaction count block in Bitcoin’s recorded history. The transactions collectively generated 240,533 satoshis in fees. At Sunday’s Bitcoin price of roughly $75,800, that amounts to around $180. AntPool’s total revenue from the block was approximately $237,000, almost entirely from the fixed 3.125 BTC block subsidy. mempool.space rounded the block’s median fee rate to 0. CoinDesk sampling revealed a batch of ~80-byte transactions in the block’s middle, each paying just 1 satoshi in fees—below Bitcoin Core 29.1’s default relay threshold of 0.1 satoshi per virtual byte. This threshold is a node policy, not a consensus rule, so blocks including lower-fee transactions remain valid. On November 4, AntPool’s block 974557 also included 10,573 transactions, with fees totaling around $110. The 2015 record block paid 0.22582926 BTC in fees, 94 times the current amount. At the time, Bitcoin traded at roughly $285, so fees were about $64, while the 25 BTC block subsidy was around $7,100. Bitcoin’s block subsidy is scheduled to halve to 1.5625 BTC around April 2028 at block 1,050,000. CoinDesk noted that this block’s fees account for less than 0.2% of the subsidy reduction miners will face after the halving.

Bitcoin's gains underperformed US stock market indices, with $4.34 million in liquidations from flash contracts over the past hour, surpassing Ethereum's liquidation volume over the same period.

According to Coinglass data, global crypto liquidations totaled $25.41 million in the past hour, with long-position liquidations at $3.34 million and short-position liquidations at $22.07 million. Notably, as of press time, the U.S. Dow Jones Industrial Average rose 1.68%, S&P 500 gained 1.92%, and Nasdaq 100 climbed 2.71%. Yet after U.S. stock markets opened, Bitcoin only increased by 1%, causing most short liquidations to hit U.S. stock-linked contracts, including those for Sandisk ($4.34 million) and SOXL ($2.53 million + $0.92 million).

Bitcoin ETFs See $467.81M Outflow in 24hrs, Ethereum ETFs Down $88.25M

Nov 9 Update: #Bitcoin ETFs: 1D NetFlow: -6,270 $BTC(-$467.81M)?? 7D NetFlow: -17,694 $BTC(-$1.32B)?? #Ethereum ETFs: 1D NetFlow: -41,644 $ETH(-$88.25M)?? 7D NetFlow: -171,494 $ETH(-$363.43M)??

Brazilian crypto exchange Mercado Bitcoin has begun phased restoration of website login services starting today, stating it will use its own funds to replenish customer balances.

Per an official announcement from Mercado Bitcoin, the cryptocurrency exchange has reopened account logins via its website as of today. To ensure platform stability, access will be phased in for users starting at 16:00 local time, with full access restoration for all customers expected to be completed before 18:00. The exchange noted that customer balance records have been preserved, the incident did not impact customer assets, investments, or Brazilian real balance data, and it will use its own capital to cover customer balance shortfalls; balance updates will align with the platform’s reopening and market resumption. The recovery is currently in its first phase, during which users can check their balances and assets.

Total assets of U.S. Bitcoin spot ETFs fall below $100 billion

According to Coinglass data, U.S. spot Bitcoin ETFs saw a net outflow of $1.2817 billion last week. Among them, BlackRock’s IBIT recorded a net outflow of $1.209 billion, while Fidelity’s FBTC posted a net inflow of $93.1 million. Amid further declines in Bitcoin, the total size of U.S. spot Bitcoin ETFs dropped below $100 billion, now standing at $99.525 billion.

Bitcoin breaks below $74,000, with a 2.77% intraday decline.

According to HTX market data, Bitcoin has fallen below $74,000, currently trading at $73,962.2, with a 2.77% intraday decline.

California regulators ordered Bitcoin ATM operator Coinflip to pay over $4.8 million in restitution to scam victims.

The California Department of Financial Protection and Innovation (DFPI) announced it has ordered Bitcoin ATM operator Coinflip to pay over $4.8 million in full restitution to California scam victims, plus more than $350,000 in improper excess fees to regulators. An investigation found that since 2021, Coinflip failed to adequately fulfill obligations including customer identity verification and suspicious transaction monitoring; some transactions exceeded California’s daily $1,000 limit per customer, and the firm also faced issues such as missing pre-transaction disclosures and incomplete receipts. Regulators also required Coinflip to cease related illegal and unfair business practices. The enforcement involves approximately 500 crypto ATMs operated by the company in California.

Founder of Ethereum News Weekly: Layer 1 (L1) project Pearl is poised to outperform Bitcoin.

Evan Van Ness, founder of Ethereum News Weekly, said in a recent interview that he believes Pearl, a Layer 1 (L1) project based on useful proof-of-work (PoW), has the potential to surpass Bitcoin. Van Ness added that Pearl uses matrix multiplication for mining—computation identical to that used in AI model training and inference—allowing it to run in parallel with inference with almost zero additional overhead. He pointed out that Bitcoin faces issues including premature ossification and security budget problems, while Pearl converts the originally "useless" mining process into useful computation, creating a flywheel effect that lowers inference costs.

Analysis: On-chain data shows real Bitcoin (BTC) panic, with long-term holders "capitulating" while panic-driven sell-offs accelerate liquidation.

On-chain analyst Murphy published an analysis dissecting Bitcoin’s real market panic level using on-chain data. He pointed out that on November 5, the realized loss of long-term holders (LTH-RLTE) transferred to trading platforms reached $139 million—only exceeded in February and June this year in the past 12 months, signaling severe market anxiety, with even long-term holders starting to "capitulate" and exit. Conversely, this often means the liquidation of panic-driven positions is speeding up. In comparison, short-term holders haven’t "panicked into indiscriminate selling": they completed most of their turnover at the start of the year, with current average cost around $75,000 to $76,000, and the current price is near their break-even line, so most choose to hold and wait. Overall, the absolute value of the 24-hour average on-chain realized loss remains high. Hit by both the Binance hack at the end of October and the November 5 US stock market crash, market confidence has taken a hit, directly triggering panic among long-term holders. However, the overall realized loss scale hasn’t continued to expand. Murphy believes investors are currently in a psychological state of "unwilling but forced to sell at a loss", and sentiment recovery will require a catalyst: when people gradually realize the actual situation isn’t as bad as expected.

Bitcoin suffered a flash crash ahead of its weekly candlestick close, with a price wick dipping to $73,510. Long position liquidations hit $715 million within an hour, and the ETH/BTC exchange rate also plunged 4.22% in tandem.

According to HTX market data, Bitcoin experienced a flash crash and pin action this morning as it neared the close of its daily and weekly K-line charts. It dropped 2.77% within 15 minutes, hitting a low of $73,510 before gradually rebounding back to the level where the crash originated. As of press time, Bitcoin is trading at $75,418. Per Coinglass data, $745 million in liquidations occurred for Bitcoin over the past hour, nearly all of which were long positions ($715 million), with only $29.62 million in short positions liquidated. The largest liquidations were seen in Bitcoin and Ethereum, at $343 million and $229 million respectively. Notably, Ethereum performed far weaker during the flash crash. It plummeted 7.3% within 15 minutes, hitting a low of $2,060, before later narrowing its decline to just 2.42% at its peak rebound. As of press time, Ethereum is trading at $2,151, still down 3.22% from its pre-crash level. Data shows the ETH/BTC exchange rate fell 4.22% during the flash crash, now trading at 0.0285, hitting a new low since September’s peak.

Cathie Wood: Bitcoin will continue to outperform gold, while gold faces downward pressure.

ARK Invest founder Cathie Wood said on this week’s episode of the "In The Know" program that Bitcoin will continue to outperform gold, while gold prices face downward pressure. She noted that the correlation between Bitcoin and gold has stood at just 0.1 since 2019, meaning the two assets have almost no link, and their correlation has swung between positive and negative values, so Bitcoin does not necessarily follow gold when the latter declines. Wood also presented the Bitcoin-to-Gold Ratio chart during the show, stressing that Bitcoin’s status as "digital gold" does not require it to move in the same direction as gold. This assessment aligns with her multiple remarks in ARK’s shows in September and October this year, and she has recently been highlighting the breakout logic of Bitcoin relative to gold.

Hyperliquid Whale Aggressively Shorts Bitcoin, Net Short Position Nears $1 Billion, Hitting a New Stage High

According to on-chain data, whale accounts on Hyperliquid are aggressively shorting Bitcoin, with their shorting activity hitting its highest level since October 2025. Currently, the BTC short positions held by these whale accounts range from $892 million to $924 million, while long positions stand at just $454 million to $483 million. The largest single short order is valued at around $178.5 million, with an average entry price of approximately $76,400, while Bitcoin’s current price hovers near $75,800. Data shows these whale accounts have been adding to their short positions continuously since turning net-short on October 27. However, market analysts note that the extremely crowded short positions are a double-edged sword. If prices fail to drop as expected and instead break upward, short sellers will face pressure to buy back and close their positions; this passive covering could very well trigger a sharp short squeeze, driving prices higher rapidly.

Michael Saylor has once again released Bitcoin Tracker information, potentially signaling additional BTC purchases.

MicroStrategy founder Michael Saylor has once again shared updates related to the company’s Bitcoin tracker, stating, “Connecting the dots.” Per past patterns, orange dots on the tracker represent MicroStrategy’s Bitcoin purchase records, and this move likely signals the firm will increase its BTC holdings. MicroStrategy typically discloses changes to its Bitcoin position the day after such related announcements.

Bitcoin breaks through $76,000.

According to HTX market data, Bitcoin has broken through the $76,000 mark, with a 0.17% decline in the past 24 hours.

A hacker went long on Bitcoin (BTC) worth $12.84 million using 20x leverage, while shorting Ethereum (ETH) worth $12.83 million.

According to Lookonchain’s monitoring, a hacker is going long on Bitcoin (BTC) and short on Ethereum (ETH). The hacker created a new wallet to receive 3,100 ETH via Tornado Cash, then sold the ETH to obtain 6.92 million USDC and deposited the funds into Hyperliquid. The wallet subsequently opened a 169.47 BTC long position with 20x leverage, valued at approximately $12.84 million, alongside a 5,740 ETH short position with the same leverage, worth around $12.83 million.

Bitcoin Core Developer Proposes Collateral Defense Scheme Against Quantum Attacks

Bitcoin Core developer Cory Fields has proposed a "quantum mine" scheme, aiming to raise the cost for future quantum attackers to steal Bitcoin from old wallets via a collateral mechanism. Under the proposal, transferring Bitcoin vulnerable to quantum attacks requires additional collateral and a waiting period. Legitimate holders can present pre-prepared secret proof of ownership within the timeframe to retrieve their assets and claim the attacker’s collateral. Reports note that since the blockchain cannot distinguish between attackers and legitimate holders, the latter must also provide collateral when transferring such Bitcoin; for dormant assets with lost private keys, Fields also proposed a challengeable auction mechanism. The scheme remains a proposal and has not been implemented as a network rule. (BeInCrypto)

Bitcoin's Ahr999 indicator drops below 0.45, returning to the buy-the-dip zone for the first time since late August.

According to HTX market data, affected by the pullback in U.S. stock AI trading, Bitcoin has recently seen a rapid pullback, now falling below $76,000 and trading at $75,985.46. Separately, third-party data shows that Bitcoin's Ahr999 indicator has dropped below 0.45 to 0.4310, returning to the "buy-the-dip zone" since August 20. The previous "buy-the-dip zone" window (May 29 to August 19 this year, when the indicator was below 0.45) lasted about 82 days. BlockBeats Note: The Ahr999 indicator helps Bitcoin dollar-cost averaging (DCA) users make investment decisions by combining timing strategies. The indicator incorporates Bitcoin's short-term DCA returns and the deviation between its price and expected valuation. Historically, Bitcoin's Ahr999 index has stayed below the bottom-fishing line (0.45) for 655 days.

Bitcoin mining difficulty has remained below its peak for 374 consecutive days, marking the longest such stretch in history.

Bitcoin's mining difficulty has stayed below the all-time high of 155.97T set on October 29, 2025, for 374 consecutive days — the longest such period in the network's history, exceeding the previous records of 364 days after the 2011 market crash and 253 days following China's 2021 mining ban. Economist Saifedean Ammous noted that neither the 2011 price pullback nor China's mining ban lasted as long, calling this a "new world" for Bitcoin mining. The difficulty fell to a low of 124.93T in mid-June 2026, roughly 20% lower than its peak. Though it rebounded to 148.36T in October, Mempool.space forecasts another ~3.7% drop around November 13, further delaying a new all-time high. Reportedly, the pressures stem from low Bitcoin prices, public mining firms selling off Bitcoin and shifting focus to AI, as well as Democratic efforts to impose data center restrictions after the midterm elections, which could also impact mining companies.

Smart money, which accurately timed the previous cycle’s bottom and peak exits to net $2 billion in profits, began purchasing 3,009 Bitcoin yesterday.

According to Arkham analyst Emmett Gallic, a crypto whale that had remained dormant for over a year began purchasing 3,009 Bitcoin (BTC) yesterday. The whale bought 50,000 BTC at an average price of $20,000 at the end of 2022 during the previous market cycle, then gradually sold its holdings to realize profits between 2024 and early 2025, generating a total profit of $2 billion.

Viewpoint: Bitcoin’s technical support level stands at $73,000, while Ethereum shows signs of a breakdown.

Crypto analyst Ali Charts noted in a post that Bitcoin’s 3-day K-line chart shows it has been trading within an oscillating range of $87,000 to $60,000 over the past year, with $73,000 as the median line of this range. If this key level is broken, the channel’s lower boundary at around $60,000 will become a notable area to monitor. In contrast, Ethereum appears to have broken out of its right-angled ascending expansion pattern on the daily chart. Having lost the $2,385 support level, if selling pressure persists, this pattern signals a potential downside target of $1,963.

Bitcoin ETFs saw a net outflow of $1.2817 billion this week.

According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $1.2817 billion this week. Among them, BlackRock's IBIT saw a net outflow of $1.209 billion, while Fidelity's FBTC posted a net inflow of $93.1 million.

Should Bitcoin surpass $77,000, the cumulative liquidation amount of short positions on major centralized exchanges (CEXs) will reach $958 million.

According to Coinglass data, if Bitcoin breaks through $77,000, the cumulative short liquidation intensity on major centralized exchanges (CEXs) will reach $958 million. Conversely, if Bitcoin falls below $75,000, the cumulative long liquidation intensity on major CEXs will hit $345 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the chart actually represent the relative importance (i.e., intensity) of each liquidation cluster compared to adjacent clusters. Thus, the chart illustrates the degree of impact the underlying asset’s price will face when it reaches a certain level. A higher "liquidation bar" signals that once the price hits that level, it will trigger a more intense reaction driven by liquidity waves.

Viewpoint: Bitcoin market selling pressure hit a new high since August on November 5, and the panic sentiment may take several weeks to digest.

Crypto analyst Murphy stated in a post that on November 5, the crypto market experienced notable panic, with the Spot Volume Differential (SVD) on exchanges heavily skewed toward sellers. Selling pressure reached its highest level since the start of the current rally in August, even surpassing the active selling pressure triggered by Binance’s security incident on October 30. Murphy pointed out that the intensifying active selling pressure pushed prices further down, but it remains unclear whether buyer absorption capacity has improved. Only when an active selling pressure of the same scale emerges next time without a significant price drop will it signal that buyer order depth may have increased. He argued that the successive short-term shocks from Binance’s "black swan" incident and the sharp U.S. stock market slump have significantly eroded bullish confidence. The market may take weeks or even one to two months to digest the panic, making a short-term direct V-shaped rebound highly unlikely. Going forward, focus should be placed on monitoring changes in investor behavior, market sentiment, and token distribution structure.

Bitcoin rebounds to break through $76,000.

According to HTX market data, Bitcoin has rebounded to break through the $76,000 mark, with a 0.71% decline in the past 24 hours.

Bitcoin fell below $75,000.

According to HTX market data, Bitcoin fell below $75,000, with a 3.37% decline in the past 24 hours.

Bitcoin and Ethereum ETFs See Massive Outflows: $1.47B BTC, $391.22M ETH in 7 Days

Nov 6 Update: #Bitcoin ETFs: 1D NetFlow: -4,832 $BTC(-$366.66M)?? 7D NetFlow: -19,343 $BTC(-$1.47B)?? #Ethereum ETFs: 1D NetFlow: -25,590 $ETH(-$57.31M)?? 7D NetFlow: -174,687 $ETH(-$391.22M)??

Binance and Coinbase see net selling dominate their spot markets, weighing on Bitcoin.

CryptoQuant certified analyst Darkfost wrote that spot buying demand for Bitcoin has faded rapidly, with sell volumes exceeding buy volumes on major exchanges Binance and Coinbase. He noted that midterm election results amplified volatility amid widespread selling, with Bitcoin falling around 5.5% yesterday, while the S&P 500 and Nasdaq dropped approximately 4.3% and 6.3% respectively. Darkfost said this shift differs from late summer trends: at the end of August, the 30-day moving average of the spot net volume balance stood at around $64.8 million on Binance and $64.3 million on Coinbase, with buying pressure persisting into September, pushing Bitcoin from roughly $63,000 to about $85,000; yesterday, the same metric registered approximately -$28 million and -$9.4 million respectively. The shift on Coinbase began in October, when Binance’s spot net volume remained positive. He added that spot selling pressure is weighing on prices, and if Bitcoin fails to hold the $75,000 level, it could pull back to around $70,000 — a key area where major investors’ cost bases are concentrated, which could offer support if defensive capital steps in.

CryptoQuant: Tech Stock Sell-Off Intensifies Pressure on Bitcoin, Pulling It to $75,000

According to an article by analyst Axel Adler Jr., the U.S. tech sector recorded its largest single-day drop since the COVID-19 pandemic. The Nasdaq 100 index closed 6.36% lower at 26,630 points, the S&P Tech sector fell 7.3%, and the Philadelphia Semiconductor Index plummeted 12%. The VIX volatility index surged nearly 70% in a single day, climbing from 16.6 to 28.2. The author states that after the Democratic Party won gubernatorial elections in Texas, Ohio, Georgia and other states, plans for new data center construction were suspended. Markets are worried that AI infrastructure development and chip procurement will slow, prompting position cuts in risk assets. Bitcoin has come under pressure, retreating from around $80,000 to roughly $75,000. The article notes that when stock market volatility rises, some funds will simultaneously reduce exposure to risk assets such as cryptocurrencies to control portfolio risk, even if Bitcoin’s on-chain metrics do not necessarily deteriorate in sync. If the Nasdaq stabilizes and the VIX falls, external pressure could ease; however, as long as tech sell-offs persist, the crypto market still faces further deleveraging risks.

Yesterday, U.S. spot Bitcoin ETFs posted net outflows of $430.2 million, while Ethereum ETFs saw net outflows of $99.9 million.

According to Farside's monitoring data, U.S. spot Bitcoin ETFs posted a net outflow of $430.2 million yesterday, while U.S. Ethereum ETFs recorded a net outflow of $99.9 million.

IREN's quarterly AI cloud business revenue surged 182% quarter-over-quarter to $200 million, while its Bitcoin mining revenue declined to $28 million.

Bitcoin mining firm turned AI cloud computing service provider IREN has released its Q1 FY2027 results, covering the period ending September 30, 2026. Total revenue rose 66% quarter-over-quarter to $228 million, with AI cloud business revenue surging 182% QoQ to $200 million and boasting an 86% gross margin. Bitcoin mining revenue fell from $67 million in the prior quarter to $28 million. The quarter recorded a net loss of $263 million, down from a $684 million net loss in the previous quarter. Adjusted EBITDA came in at $66 million. The company’s contract backlog grew 22% QoQ to $20.3 billion; over $4 billion in annual recurring revenue (ARR) targets have secured contracts and funding, but due to client design adjustments and supplier delivery timelines, the expected delivery timeline has been pushed back from late 2026 to January 2027, and may be further delayed to February. Separately, after the quarter ended, IREN signed a five-year AI cloud services contract worth roughly $22 million per megawatt, with the client prepaying 90% of the GPU capital expenditures.

Bitcoin has dropped by $4,000 in consecutive trading sessions, breaking below the $76,000 mark.

According to HTX market data, Bitcoin dropped $4,000 in a continuous slide tonight, falling below $76,000, with a 5.6% decline over the past 24 hours.

Bitcoin drops below $77,000, with a 4.3% decline in 24 hours.

According to HTX market data, Bitcoin has fallen below $77,000, with a 24-hour decline of 4.3%.

Bitcoin falls below $78,000, with a 3.1% drop in the last 24 hours.

According to HTX market data, Bitcoin has dipped below $78,000, recording a 3.1% decline in the last 24 hours.

Bitcoin falls below $79,000, with its 24-hour price gain narrowing to 0.3%

According to HTX market data, Bitcoin fell below $79,000, with its 24-hour price gain narrowing to 0.3%.

Bitcoin ETFs see $16.56M inflow, but Ethereum ETFs suffer $422.75M outflow over 7 days

Nov 5 Update: #Bitcoin ETFs: 1D NetFlow: +208 $BTC(+$16.56M)?? 7D NetFlow: -14,117 $BTC(-$1.12B)?? #Ethereum ETFs: 1D NetFlow: +16,825 $ETH(+$40.18M)?? 7D NetFlow: -177,044 $ETH(-$422.75M)??

Keel's third quarter report: The company liquidated approximately 2,520 Bitcoin to raise $192 million, shifting its focus to AI data center operations.

Keel Infrastructure, formerly crypto mining company Bitfarms, released its third-quarter results for the period ending September 30, 2026. The firm sold 2,520 bitcoins during the quarter, comprising roughly 2,261 from its existing inventory and 259 mined in the same period, raising a total of approximately $192 million. Its bitcoin holdings at quarter-end were negligible. Revenue from continuing operations came to around $28 million, down year-over-year from roughly $68 million, primarily due to the company’s deliberate pause of U.S. bitcoin mining operations starting in the second quarter to advance high-performance computing (HPC) and AI development, as well as a decline in average bitcoin prices. On the operational front, Keel stated it obtained all required permits and broke ground at its Moses Lake site in September, which is expected to be the first facility to power on and generate HPC revenue in 2027. Permit approvals for its Sharon and Panther Creek sites are ongoing, while lease negotiations for three nearby locations remain underway. As of November 4, the company had unrestricted cash liquidity of approximately $780 million, with no need for additional debt or equity financing before signing leases. Net loss from continuing operations was roughly $62.39 million, and adjusted EBITDA recorded a deficit of around $27.45 million.

Bitcoin drops below $80,000, logging a 0.34% decline over the past 24 hours.

According to HTX market data, Bitcoin has fallen below $80,000, with a 24-hour decline of 0.34%.

Crypto mining firm Hut 8 has sold roughly 2,148 Bitcoin again, raising a total of about $250 million from Bitcoin sales in Q3 and the subsequent period.

Bitcoin mining firm Hut 8 released its Q3 2026 financial report, disclosing that the company sold roughly 954 bitcoins during the third quarter, generating net revenue of approximately $74.8 million, which it used to repurchase and cancel around 953,800 common shares valued at $74.7 million. Following the quarter, Hut 8 sold an additional 2,148 bitcoins, bringing in net proceeds of $175.4 million, and repurchased and canceled another 2,384,700 shares for $175.3 million. In total, the company sold about 3,100 bitcoins, raised roughly $250 million, and fulfilled its previously planned $250 million share repurchase program. Hut 8 stated that its board of directors subsequently increased the total repurchase authorization to $1 billion.

American Bitcoin adds 127 BTC, lifting its total holdings to 8,427 BTC.

Trump-backed Bitcoin mining firm American Bitcoin Corp (ABTC) increased its holdings by 127 BTC, bringing its total BTC position to 8,427, and ranking 13th on the Bitcoin 100 list.

Over the past 24 hours, short-term Bitcoin holders deposited 28,690 BTC into CEXs.

After Bitcoin broke through $80,000, short-term holders (STHs) began taking profits. Over the past 24 hours, short-term holders transferred 28,690 profitable BTC to crypto trading platforms. Despite facing short-term selling pressure, Bitcoin successfully closed above $80,000 and held above its 21-day and 50-day exponential moving averages (EMAs). This performance is a positive signal for Bitcoin’s short-term trend.

Analysis: Bitcoin’s bear market cycle has run for 396 days, and it may now be in its final stages.

CryptoBoost founder stated in a post that the current Bitcoin (BTC) bear market began on October 6, 2025, from its all-time high. As of publication, the bear market has lasted 396 days, slightly longer than the average 391 days it takes for a bear market to bottom out since 2014. Historically, BTC’s bear market drawdowns have been steeper: the 2014 bear saw a maximum drop of around 86%, 2018 around 84%, 2022 around 77%, while the current pullback is approximately 53% — relatively mild. The growing participation of institutional players including spot ETFs, corporations, and funds may strengthen the market’s holding structure, thus mitigating downside risk. BTC whales have been steadily accumulating since July. That said, a cycle hitting the historical average length does not signal the bear market is over; BTC must reclaim and hold above the $80,000–$82,000 range to further confirm a market trend shift. Against a backdrop of recent market moves — declines in U.S. tech and semiconductor sectors, capital rotating into bank stocks, the Dow Jones rising after the U.S. midterm elections, and falling oil prices — he noted Wall Street’s capital flows remain unclear, suggesting BTC may be nearing the tail end of its bear market cycle.

Glassnode: Bitcoin (BTC) trading activity remains above August lows after its pullback, with market interest continuing to rebound.

Glassnode stated in a report that despite Bitcoin (BTC) experiencing a pullback in recent weeks, market trading volumes remain higher than the lows recorded in August this year. Before the August price rally, BTC trading volumes had dropped to their lowest point since 2023. This current trading volume trend indicates that after months of market sluggishness, investor interest in the crypto market remains sustained.

Yesterday, U.S. spot Bitcoin ETFs recorded a net inflow of $74.6 million, while U.S. spot Ethereum ETFs saw a net inflow of $53 million.

According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded a total net inflow of $74.6 million yesterday. Breakdown: FBTC saw a net inflow of $236.7 million, IBIT posted a net outflow of $201.2 million, ARKB a net inflow of $19.9 million, BITB a net inflow of $15.2 million, and BTCO a net inflow of $4 million; EZBC, BRRR, HODL, BTCW, MSBT, GBTC, and BTC had no capital inflows or outflows. Separately, U.S. spot Ethereum ETFs posted a total net inflow of $53 million yesterday. Breakdown: ETHA saw a net inflow of $32.8 million, FETH a net inflow of $19.2 million, ETH a net inflow of $13.6 million, ETHE a net inflow of $9.7 million; ETHB recorded a net outflow of $22.4 million, TETH a net inflow of $0.1 million; ETHW, ETHV, QETH, EZET, and MSSE had no capital inflows or outflows.