Bitcoin started the week trading between 77,900 and 78,400 dollars on Monday morning, up about 1 percent over 24 hours. The token had absorbed the largest hack in crypto history, at Binance, without falling below 76,000 dollars.
By our market data, bitcoin was at $78,166 as of 06:38 GMT, up 0.40 percent from the previous close and near its 31-day low.
ETF outflows deepen
US spot Bitcoin ETFs lost 643 million dollars on Friday 30 October, their worst day since 25 June. Over the whole week, outflows reached about 203 million dollars, according to Wu Blockchain.
Ethereum ETFs saw 432 million dollars leave over the same period. Bitcoin ETFs recorded net outflows of about 516 million dollars in October as a whole.
Liquidations and positioning
Leveraged crypto positions worth 12.5 billion dollars were liquidated in October, of which 9.2 billion dollars were long positions. Trackers put liquidations on 30 October alone at between 1.5 and 1.7 billion dollars.
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Bitcoin closed October at 77,223 dollars, a decline of 7.67 percent over the month. Traders cited a resistance zone between 80,000 and 82,000 dollars, while the 200-day moving average sat near 73,100 dollars.
Related: Binance hack drives bitcoin to about $76,400 · Bitcoin dips below 80,000 dollars as Fed holds and Alphabet misses
Source: Wu Blockchain | Data: CoinGecko
