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Bitcoin Rebounds to $79,700 Following $6.3 Billion Binance Cyberattack
Bitcoin has recovered to around $79,700, absorbing market losses following a $6.3 billion cyberattack on exchange platform Binance. Glassnode on-chain data shows that short-term holder profit ratios dropped to roughly 38% after a nearly 10% correction from September peaks alongside late-October U.S. midterm election results. Technical metrics place key support levels for Bitcoin near $75,700 and $77,700, with resistance near the 365-day moving average at $81,700. Additionally, spot Bitcoin ETFs in the United States recently registered capital outflows.