Update
Bitcoin Weakness Explored: $79K Level Broken
Bitcoin fell to about $76,300 on October 30, its lowest level of the month, due to a $1.66 billion liquidation of leveraged crypto positions and a Binance security breach. Despite the Fed holding rates steady and a consensus-aligned PCE report, Bitcoin has since recovered to around $79,000 but remains below the $80,000 level needed to reclaim control. The market liquidation data from CoinMarketCap showed $500 million of the total $1.66 billion in leveraged positions were Bitcoin-related.