Bitcoin price tests support after leveraged liquidations
Published on 10/31/2026 at 07:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBitcoin tests support after liquidation wave
- Bitcoin was shown at 77,144.1 USD on the October 31 retrieval from Investing.com.
- The price was 0.29 percent below the October 30 UTC close of 77,368.77 USD.
- 24/7 Wall St. reported that 1.29 billion USD in leveraged long positions were forcibly closed within 24 hours.
- U.S. spot Bitcoin ETFs recorded a net inflow of 17.2 million USD on October 29, according to the same report.
The Bitcoin price remains under pressure after a sharp deleveraging wave pushed the cryptocurrency to a five-week low. On the October 31 retrieval, the Bitcoin page at Investing.com showed 77,144.1 USD at 05:57:23 Berlin time. The page listed a market capitalization of 1.55 trillion USD and 24-hour volume of 31.78 billion USD.
Compared with the verified UTC close of 77,368.77 USD on October 30, reported by StatMuse Money, the retrieved price was 0.29 percent lower. That is a comparison with the previous UTC day close, not a rolling 24-hour change. Because the move remained below the threshold for a price-only lead, the more relevant issue for investors is the market's leverage and support structure.
Liquidations intensify selling pressure
24/7 Wall St. reported that crypto exchanges forcibly closed 1.29 billion USD in leveraged long positions within a 24-hour period. Bitcoin positions accounted for 475 million USD of the reported 1.49 billion USD in total liquidations. The article said Bitcoin fell to 76,301 USD during October 30 trading before recovering.
The report also noted that a Binance hack coincided with the decline, but that the selloff had begun before the first wallet alerts appeared. That distinction matters: the available account does not establish that the security incident caused the initial Bitcoin decline. Instead, it points to leverage unwinding as an immediate market mechanism, while the broader effect of the exchange incident remains a separate risk factor.
ETF demand offers limited cushion
Spot-market demand has not disappeared. According to 24/7 Wall St., U.S. spot Bitcoin ETFs recorded a net inflow of 17.2 million USD on October 29. BlackRock's iShares Bitcoin Trust accounted for 12.8 million USD of that inflow, while Grayscale's Bitcoin Mini Trust posted an outflow of 15.3 million USD. A single positive daily reading, however, does not demonstrate a durable reversal in investor flows.
For the near term, the same report identified 76,600 USD as support and 79,107 USD as a level that would help confirm a recovery. These are observed market reference points, not forecasts. The Bitcoin price therefore remains caught between forced selling below recent averages and still-positive, but uneven, institutional demand.
Project information describes Bitcoin as an open-source, peer-to-peer payment network operating without a central authority, according to Bitcoin.org. Investors can follow further developments on the Bitcoin topic page.
