FeesSafety
Pluang+

Bitcoin shows resilience after $6.3B Binance hack and tech selloff, hinting at market decoupling.

Market News
02 Nov 2026, 19:44 WIB
Crypto Briefing
View Source
Neutral
Bitcoin shows resilience after $6.3B Binance hack and tech selloff, hinting at market decoupling.

Bitcoin has demonstrated notable resilience following a $6.3 billion hack on Binance and a broader selloff in technology stocks. Xapo Bank's CEO Seamus Rocca noted that Bitcoin, traditionally correlated with Nasdaq, is now holding support despite these shocks, suggesting it may be decoupling from traditional tech equities. Analysts from Bitget Wallet observe signs of stabilization in Bitcoin derivatives markets but warn that weak spot demand and ETF outflows indicate recovery is not yet confirmed. The Binance hack, attributed to North Korean hackers, has raised custody concerns, though Binance has frozen about $3 billion of stolen assets and replenished most losses. Market watchers caution that while Bitcoin shows strength, risks remain from monetary policy and market liquidity issues.

Binance Coin (BNB) is trading at Rp12.675.368 on Pluang, down 1.88% in the last day, with a market cap of Rp1.664,13 trillion. The platform shows a majority of 67% buy orders and a typical hold time of 90 days. These figures are current as of Nov 03, 2026 01:02 WIB.

More News (BNB)

Bitcoin puts cost more than calls ahead of US midterm elections, signaling higher downside risk.

Bitcoin puts cost more than calls ahead of US midterm elections, signaling higher downside risk.

Bitcoin options traders are paying a premium for put options expiring the day after the US midterm elections, reflecting increased demand for downside protection amid recent Binance security issues and bearish sentiment. The implied volatility gap be...

Market News
Neutral
8 hours ago
100 million USDT moved from Binance to an unknown wallet, signaling a major outflow.

100 million USDT moved from Binance to an unknown wallet, signaling a major outflow.

On November 2, Binance transferred 100 million Tether (USDT) tokens to an unidentified wallet, marking a significant outflow of the stablecoin from the exchange. The recipient wallet remains unnamed, and the transaction details confirm Binance as the...

Market News
Neutral
9 hours ago
Bitcoin holds above 50-week average despite $6.3B Binance hack, showing market resilience.

Bitcoin holds above 50-week average despite $6.3B Binance hack, showing market resilience.

Bitcoin has maintained its position above the 50-week moving average for the seventh consecutive week despite the $6.3 billion hack on Binance, one of the largest crypto exchange breaches. This resilience suggests that much of bitcoin's speculative e...

Technical Signals
Neutral
9 hours ago
Bitcoin breaks down from descending channel amid Binance hack fears, eyes $75K support level.

Bitcoin breaks down from descending channel amid Binance hack fears, eyes $75K support level.

Bitcoin's price has fallen out of a descending channel and confirmed this breakdown, raising concerns of a deeper drop to around $75,000. This comes amid the backdrop of the $6.3 billion Binance hack, which included about 18,270 BTC. Technical indica...

Technical Signals
Bearish
10 hours ago
Bitcoin outflows rise as Binance sees largest daily withdrawals; US trading volume surges 326%.

Bitcoin outflows rise as Binance sees largest daily withdrawals; US trading volume surges 326%.

Bitcoin balances on major exchanges dropped over daily, weekly, and monthly periods, with Binance experiencing the largest daily net outflow of 20,335 BTC. Total BTC held by major exchanges was about 2.44 million as of November 2. Trading volume on B...

Market News
Bearish
10 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App