Key Highlights

  • Bitcoin (BTC) dipped to about USD 76,300 and traded near USD 76,900 on November 3, 2026, about 40% below its record of USD 128,198 set on October 6, 2025, simple arithmetic on two prices.
  • Spot Bitcoin funds lost USD 399 million on November 2, their second straight day of outflows, with BlackRock's iShares Bitcoin Trust ETF (NASDAQ:IBIT) shedding USD 405 million, its largest daily outflow since June.
  • A major sentiment index fell to 34 out of 100, in fear, while another tracker showed 37, and one measure of near-term bitcoin Options Volatility jumped from about 43.5% to about 51%.
  • Customers withdrew a net USD 4.72 billion from Binance after the October 29 hack, and liquidations rose 171% to USD 382.6 million, according to published coverage.

Where Bitcoin Stands

Bitcoin (BTC) has been range-bound near the USD 77,000 to USD 78,000 zone, dipping to about USD 76,300 during the European morning on November 3, 2026. Another daily snapshot showed USD 77,842, so levels vary by time. The gap to the October 6, 2025 record of USD 128,198 is about 40%, a drawdown that shows how far the market has retreated. The Nasdaq Composite fell 1.07% on November 2 and the Nasdaq-100 was more than 10% below its October 6 record, so risk appetite across Assets was weak. The one-year and five-year drawdown figures were not verified for this article. Solana (SOL) traded near USD 94 and was down nearly 9% over seven days on one daily report.

What Is Weighing on Sentiment

Three forces overlap. First, ETF flows: spot funds lost USD 399 million on Monday, the second straight outflow day. Second, the Binance hack, the largest crypto theft on record at about USD 6.3 billion, which has shaken confidence and triggered large withdrawals. Third, macro: the Federal Reserve funds range is 3.75% to 4.00%, markets priced a December hike at roughly 76% to 78%, and the 10-year Treasury Yield was near 4.95%, all published market data. Higher yields raise the Opportunity cost of holding a non-yielding asset such as Bitcoin (BTC), while midterm election uncertainty lifted options volatility. Shares of Coinbase Global (NASDAQ:COIN) were reported higher on November 3, but that move was not verified against an exchange record.

What to Watch and the Risks

The October jobs report is due on Friday, November 6, and a strong print could keep rate-hike odds high. Sentiment readings of 34 to 37 mark fear but not capitulation, and a month earlier one tracker showed a much higher reading, per published coverage. Risks include further ETF outflows, forced liquidations, more exchange hacks and policy shocks. Any talk of the next bull run for Bitcoin (BTC) should be framed without promises: past rallies do not guarantee future ones, and a 40% drawdown can deepen. Ethereum (ETH) traded near USD 2,288, with heavy weekly ETF outflows, per a daily report. Liquidations of USD 382.6 million show leveraged traders are being forced out, which can add to downside moves.

Where Things Stand

Bitcoin (BTC) is stuck near USD 77,000 because ETF outflows, the Binance hack and rising rate-hike odds have outweighed buyers, with sentiment at 34 to 37, in fear. The price is about 40% below the October 2025 record, and volatility measures show traders expect larger swings after the election and the jobs report. A rebound needs flows to turn and yields to ease, neither of which is assured. Watch ETF flow data, the Fed path and the November 6 jobs report.