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Bitcoin hits $1.1B losses as short-term holders sell amid price drop near $77,500 support.

Market News
01 Nov 2026, 17:00 WIB
AMBCrypto
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Bearish
Bitcoin hits $1.1B losses as short-term holders sell amid price drop near $77,500 support.

Bitcoin experienced $1.1 billion in realized losses as short-term holders rushed to sell, pushing coins to exchanges amid a price drop below $80,000. This selling pressure comes from investors trying to avoid further losses, testing the critical support level around $76,400–$76,500. Long-term holders have so far limited selling activity, helping to stabilize the market. The key question now is whether demand can hold above this support to prevent deeper declines and a broader correction.

Bitcoin trades at Rp1.413.061.528 on Pluang with a slight 0.57% gain as of Nov 01, 2026 22:21 WIB, showing resilience after recent losses. Despite the article's note of short-term holders realizing $1.1 billion in losses, Pluang data reveals a strong buy sentiment with 77% of order activity on the platform being purchases. Typical holding time on Pluang is 112 days, indicating many investors maintain longer-term positions amid the market's testing of support levels.

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