Bitcoin falls below $77,000 after Binance hack, can $80,000 return?

cryptonews10-30 23:04

Bitcoin has slipped below $77,000 during an Oct. 30 sell-off following Binance’s estimated $6.3 billion security breach, leaving traders watching whether buyers can defend support and recover $80,000....

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin falls below $77,000 after Binance hack, can $80,000 return?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-30 23:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bitcoin-price-binance-hack-77000-support/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin has slipped below $77,000 during an Oct. 30 sell-off following Binance’s estimated $6.3 billion security breach, leaving traders watching whether buyers can defend support and recover $80,000....</p>\n\n<a href=\"https://crypto.news/bitcoin-price-binance-hack-77000-support/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03439","symbol_name":"嘉实比特币","start_time":0,"source_url":"https://crypto.news/bitcoin-price-binance-hack-77000-support/","article_id":"2679257243","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bitcoin-price-binance-hack-77000-support/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2679257243","pubTimestamp":1793372655,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bitcoin has slipped below $77,000 during an Oct. 30 sell-off following Binance’s estimated $6.3 billion security breach, leaving traders watching whether buyers can defend support and recover $80,000.Bitcoin’s descending channel puts the $76,200–$76,800 support zone in focus after the exchange breach.Blockaid traced at least $3.5 billion leaving Binance wallets across four blockchains within an hour.Binance market data placed Bitcoin at $76,944 shortly after midnight UTC, before a recovery toward $78,000 later in the session. The exchange’s breach has drawn attention to both the money stolen and the pressure that could follow if customers, lenders and market makers withdraw funds.“The attacker effectively reprogrammed a major Binance Ethereum hot wallet so that a single operator could drain it, including any new money deposited into it, and they used that access again more than an hour later,” Ido Ben-Natan, Blockaid’s co-founder and CEO, told crypto.news.","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","03439":"嘉实比特币","ETHV":"以太坊ETF-VanEck","09008":"博时比特币-U","QETH":"以太坊ETF-Invesco Galaxy","ETH":"低成本以太坊ETF-Grayscale","ETHW":"以太坊ETF-Bitwise","BTYB":"VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","ETHA":"以太坊ETF-iShares","YETH":"Roundhill Ether Covered Call Strategy ETF","STCE":"Schwab Crypto Thematic ETF","BTF":"比特币&以太币期货ETF-CoinShares","BETH":"比特币&以太币期货ETF-ProShares","FETH":"以太币ETF-Fidelity","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","ETHD":"ProShares UltraShort Ether ETF","EETH":"以太币期货ETF-ProShares","SETH":"1倍做空以太币期货ETF-Proshares","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","AETH":"以太坊策略ETF-Bitwise","EZET":"以太坊ETF-Franklin","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ETHE":"最大以太坊ETF-Grayscale","BITO":"比特币期货ETF-ProShares","09439":"嘉实比特币-U","BTC":"Grayscale Bitcoin Mini Trust","ETHI":"Defiance Leveraged Long Income Ethereum ETF","ETCO":"Grayscale Ethereum HIGH Income ETF","BPI":"Grayscale Bitcoin Premium Income ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","03042":"华夏比特币","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","09042":"华夏比特币-U","ETHU":"2倍以太币期货ETF-Volatility Shares","OOQB":"One+One Bitcoin and Ether ETF","ETTY":"Amplify Ethereum 3% Monthly Option Income Etf","ARKY":"ARK Active Autocallable Income ETF","03008":"博时比特币","ETHT":"ProShares Ultra Ether ETF","BITW":"Bitwise 10 Crypto Index ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","IBIT":"比特币ETF-iShares","BITX":"2倍比特币期货ETF-Volatility Shares"},"translate_title":"币安黑客攻击后比特币跌破7.7万美元，8万美元能回来吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"ETHD":0.9,"ETHW":0.9,"EZET":0.9,"EETH":0.9,"ETHU":0.9,"BTF":0.9,"FETH":0.9,"ETQ":0.6,"SETH":0.6,"ETHE":0.9,"BETE":0.9,"METHmain":0.9,"ETHA":0.9,"BITX":0.6,"CBOA":0.6,"XBTY":0.6,"BPI":0.6,"BITO":0.6,"09008":1.5,"ETHV":0.9,"YETH":0.9,"OOQB":1.5,"03439":0.9,"ETTY":0.9,"ETHT":0.9,"ARKY":0.9,"STCE":0.9,"ETU":0.9,"NCIQ":0.9,"BEGS":0.9,"AETH":0.9,"BETH":0.9,"ETCO":0.6,"03042":0.9,"BTC":0.6,"09042":1.5,"QETH":0.9,"ETHI":0.6,"ETH":0.9,"BTYB":1.5,"CRPT":0.9,"BITW":0.69,"09439":1.5,"IBIT":1.5,"03008":0.9},"content_text":"Bitcoin has slipped below $77,000 during an Oct. 30 sell-off following Binance’s estimated $6.3 billion security breach, leaving traders watching whether buyers can defend support and recover $80,000.\n\n\nSummary\n\n\n\n• Bitcoin’s descending channel puts the $76,200–$76,800 support zone in focus after the exchange breach.\n• Blockaid traced at least $3.5 billion leaving Binance wallets across four blockchains within an hour.\n• Nansen identified stolen stablecoins being used as collateral to borrow ETH through Aave.\n• Experts say withdrawal access, reserve verification and trading liquidity will help determine whether contagion develops.\n\n\n\nBinance market data placed Bitcoin at $76,944 shortly after midnight UTC, before a recovery toward $78,000 later in the session. The exchange’s breach has drawn attention to both the money stolen and the pressure that could follow if customers, lenders and market makers withdraw funds.\nIn a subsequent update reported by Reuters, Binance said it had set aside more than $6.34 billion in company funds, including $5 billion held in affected token assets. Partners had frozen approximately $3 billion, separately from those reserves.\nBitcoin buyers face a descending channel\nWithin the technical picture, Token Talk’s Oct. 30 chart placed Bitcoin near $78,300, above a support zone between $76,200 and $76,800. The analyst described several weeks of lower highs inside a descending channel, with buyers repeatedly stepping in near its lower boundary.\n\n$BTC is sitting at $78.3K, right above a major support zone at $76.2K–$76.8KWe’ve been making lower highs inside this descending channel for weeks nowEvery time price touches the lower trendline, buyers step inIf we reclaim $80K and break the upper trendline, $84K–$86.5K… pic.twitter.com/3DA9zCYo09— Token Talk (@TokenTalk3x) October 30, 2026\n\nA recovery scenario depends on Bitcoin reclaiming $80,000 and breaking the channel’s upper trendline, according to the post. Such a move could bring $84,000–$86,500 back into consideration.\nRekt Fencer offered a more bullish interpretation, declaring that Bitcoin’s bottom was in. His weekly chart marked the FTX collapse, the 2025 Bybit hack and the Binance incident, although the post provided no separate confirmation that selling had ended.\nSpeaking to crypto.news, Lacie Zhang, research lead at Bitget Wallet, identified $76,000–$77,000 as the area to hold. Recovering $80,000 through sustained spot demand would signal stabilization, she said.\nBinance wallet takeover exposed withdrawal controls\nBlockaid’s initial analysis traced at least $3.5 billion leaving Binance hot wallets on Ethereum, Arbitrum, Optimism and Avalanche in under an hour.\n\n“The attacker effectively reprogrammed a major Binance Ethereum hot wallet so that a single operator could drain it, including any new money deposited into it, and they used that access again more than an hour later,” Ido Ben-Natan, Blockaid’s co-founder and CEO, told crypto.news.\n\nHis team identified advance preparation involving Tornado Cash funding and rehearsals on test wallets hours before the theft.\nAlthough initial investigations pointed to a compromised DevOps engineer’s laptop, Binance subsequently reported additional points of breach, according to AFP. The company described a complex attack, making the laptop an initial finding rather than a complete explanation.\nStefan Deiss, CEO of The Hashgraph Group, which develops enterprise identity infrastructure, told crypto.news that trusted access requires independent controls. His recommendations for financial AI agents included verified identities, accountable human operators, spending limits, and an off switch.\nNansen tracks stolen funds into Aave borrowing\nNansen’s analysis, shared with crypto.news, traced 18,270 BTC worth approximately $1.48 billion from a Binance hot wallet through a central address and into 19 wallets. The funds had not moved again when its analysis was prepared.\nOn Ethereum, the attacker deposited approximately $60 million in USDT into Aave and borrowed $43.5 million worth of ETH, Nansen found.\nAcross exploiter-linked wallets, the firm identified 442,000 ETH, including two addresses holding 197,500 ETH and 137,600 ETH. Another wallet transferred 14,000 ETH.\nIts investigation followed $414 million in assets, including WBETH, ENA, RLUSD, UNI, PEPE, and LINK, through 11 wallets that swapped tokens on decentralized exchanges. Circle had frozen $823 million in USDC, while 233.46 million XRP, valued at approximately $297 million, remained in one wallet.\nNansen’s figures describe separate traced holdings and movements at its reporting snapshot, rather than a new estimate of Binance’s total losses.\nWithdrawal pressure could outlast the initial theft\nZhang said a systemic crisis was not Bitget Wallet’s base case, but prolonged withdrawal restrictions or doubts over reserves could cause lenders and market makers to retreat. Stablecoin depegging and deteriorating market depth would be warning signs.\nVarun Datta, founder and CEO of Truth Ventures, told crypto.news that reimbursement capacity and operational access are separate questions.\n\n“An emergency fund can pay for missing coins, but it cannot resolve every reason withdrawals might stop,” Datta said.\n\nHe highlighted asset mismatches in emergency reserves. In his example, a fund holding $1 billion in Bitcoin against $1 billion owed in stablecoins would face a $100 million shortfall after a 10% Bitcoin decline.\nAndrew Lazutkin, CTO of self-custody provider Tangem, said offline wallets reduce exposure to exchange breaches while leaving users responsible for phishing and malware risks.\nChris Dimitriadis, chief global strategy officer at ISACA, warned that criminals could exploit the incident through messages urging users to act immediately. He told crypto.news that boards should treat cyber risk as a standing priority and ensure employees can recognize targeted attacks.\n\n\n\n\n\n                Read more:\n            \n\n                Bitcoin, Ethereum, XRP crash as crypto liquidations top $1.5B","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2679257243","isCrawlerRequest":true}