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Bitcoin holders face $1.1B losses as price nears key $76,000 support level.

Technical Signals
02 Nov 2026, 23:54 WIB
Tokenpost
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Bearish
Bitcoin holders face $1.1B losses as price nears key $76,000 support level.

Bitcoin holders realized $1.115 billion in losses within 24 hours as short-term holders moved 36,600 BTC to exchanges below their cost basis, pushing Bitcoin's price down to $76,400. Analyst Doctor Profit identified $76,000 as a critical support level tied to Bitcoin's bull-market breakout, weekly support, and the 50-week moving average. A failure to hold above $76,000, confirmed by two or three daily closes below this level, could lead to a drop to $67,000-$69,000. Conversely, a recovery above $82,000 would signal a return to bullish momentum. Bitcoin's relative strength index is at its lowest since June 30, indicating potential oversold conditions. Doctor Profit maintains long positions with an average entry of $80,400 and continues to accumulate spot Bitcoin from $60,000.

As of Nov 03, 2026 05:02 WIB, Bitcoin trades on Pluang at Rp1.393.950.886, down 1.31% in the last day. Despite the recent losses highlighted in the article, Pluang users show strong buying interest with 73% of order activity on the platform being buy orders. Bitcoin’s circulating supply on Pluang stands at 20.1 million BTC, reflecting high market participation.

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