The estimated $6.3 billion Binance hack triggered more than $1.5 billion in liquidations within 48 hours, mainly affecting long positions. Circle, Tether and several blockchain participants froze about $3 billion in stolen assets, while $3.3 billion remains unaccounted for and is believed to be under the attackers’ control. On October 30, spot Bitcoin ETFs recorded $643.2 million in outflows, their largest single-day decline since June 25. The average acquisition price of short-term holders, at $75,900, represents a potential support level, while spot volumes are not yet showing signs of capitulation. Both a sustained recovery and a drop below $73,000 remain possible as the market’s direction becomes clearer.
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