Bitcoin closed October 7.22% lower on Binance’s monthly candle, from $83,623.59 to $77,582.02, its second red October in a row and the fourth since 2013 by our count from CoinGlass’s table, then spent the weekend in a range of $900, about 1.2%. The bitcoin price today stood near $77,720 at around 05:46 UTC on Sunday 1 November, up 0.69% in 24 hours and down 3.75% over seven days, according to Coindaro’s market data.
The calm did not come from traders stepping back. Open interest on Binance’s main bitcoin perpetual is about where it was on Friday, and funding sits at the exchange’s baseline. The next test is Binance itself: its first withdrawal phase has a 06:00 to 09:00 UTC window today, and by 06:08 UTC its public network data showed one line switched on: bitcoin, on the Bitcoin network only.
Bitcoin price today: $900 between the weekend’s high and low
Binance’s hourly candles give a low of $77,114.01 on Saturday and a high of $78,013.85 in the 06:00 UTC candle on Sunday, as read at 06:08 UTC. Sunday alone ran from $77,517.20 to that same high, a band of $497 through the Asia session. Binance’s ticker read $78,003.23 at 06:08 UTC, near the top of the range. Prices differ a little from venue to venue, so these levels are Binance’s, and they sit above our snapshot figure.
For scale, Thursday’s candle alone ran from $81,343.51 at the open to $77,991.89 at the close. Friday brought the month’s low of $76,325.98, after which the market went almost still. Yesterday’s market report covered that Friday and its ETF exit.
The wider market at around 05:46 UTC looked much the same. Ether traded near $2,265 (up 1.09% in 24 hours), Solana near $95.47 (down 0.47%), XRP near $1.25 (up 0.57%) and BNB near $705.20 (up 0.36%). Total market value was $2.63 trillion, bitcoin’s share 59.3%, and the Fear & Greed index read 34, in its Fear band.
October’s close: bitcoin lost 7.22%, ether and Solana far more
The November candle has opened, so October’s figures are final. All five coins in the table ended lower, and bitcoin’s fall was the smallest of them. September had gone the other way, with a 6.42% gain for bitcoin on Binance.
| Coin (Binance, USDT pair) | October open | October close | Change | October low |
|---|---|---|---|---|
| BTC | $83,623.59 | $77,582.02 | -7.22% | $76,325.98 |
| ETH | $2,686.01 | $2,255.66 | -16.02% | $2,174.08 |
| SOL | $118.12 | $95.54 | -19.12% | $92.34 |
| XRP | $1.4900 | $1.2519 | -15.98% | $1.2002 |
| BNB | $769.28 | $703.95 | -8.49% | $680.00 |
Months are UTC, read from Binance’s public candles at 05:43 UTC on 1 November and checked again at 05:53 UTC. Our Saturday report gave about -7.7%, from Coinbase prices at 05:50 UTC that day, with 18 hours of the month still to trade; 7.22% on Binance is the final monthly figure.
A second red October in a row, and the fourth in 14 years
October has a reputation among bitcoin traders, and the record explains it. CoinGlass’s returns table counts 13 Octobers from 2013 to 2025, of which 10 were green, with a median gain of 14.6%. The red ones were 2014 (-13.6%), 2018 and 2025 (-3.95%). A year ago Reuters had bitcoin on track for its first October loss since 2018, and that is how the month ended.
Adding this year gives four red Octobers out of 14. That last step is our own count, because CoinGlass’s October 2026 cell was still dashed when we read it on Sunday. A seasonal average says nothing about the next four weeks.
Leverage stayed: flat open interest and funding at the baseline
Open interest, the total of futures positions still open, stood at 96,993 BTC on Binance’s BTCUSDT perpetual at 06:08 UTC, or about $7.5 billion. It was 95,433 BTC at 08:00 UTC on Friday and 97,554 BTC at 20:00 UTC on Saturday, so today’s level is within 2% of both. Binance’s history shows 93,293 BTC at 22:00 UTC on Thursday, the night of the drop, which means positions have since grown about 4%.
Liquidations normally shrink that number, and Block Scholes counted $1.53 billion of them across crypto in the 24 hours of its 30 October note, 84% of them longs, CryptoSlate reported. On Binance, the positions are back or were never closed. CryptoSlate also cites Coinalyze for about $28 billion of open interest across selected bitcoin contracts, captured at 10:40 UTC on 31 October and up 3% in 24 hours. That is a different set of contracts from Binance’s and cannot be added to it.
Funding, the payment between long and short holders of a perpetual, points the same way. Binance settled every eight-hour period from 16:00 UTC on 30 October to 00:00 UTC on 1 November at +0.0100%, the same as its interest-rate component, after +0.0036% and +0.0043% earlier on Friday. At 05:53 UTC, OKX’s bitcoin blockchain, where users swap tokens directly from their own wallets without handing custody of their funds to a company.">swap also read +0.0100%, while Bybit showed +0.0051% and Deribit +0.0008%. In plain terms, nobody is paying a premium to be long, and shorts are not being paid to hold on either.
Accounts lean one way, though. Binance’s global ratio showed 71.8% of BTCUSDT accounts long at 05:00 UTC, little changed over three hours. It counts accounts and not position size, so it does not show how much money sits on each side. Futures premiums are thin as well: Deribit’s 27 November contract traded 0.36% above its perpetual at 05:53 UTC on mark prices, about 5% annualised by our own calculation.
ETFs: the week ended $202.6 million lower
US spot bitcoin ETFs lost about $202.6 million over the week, Bitcoin.com News reported from SoSoValue data, because Friday’s $643.33 million outflow wiped out about $440.73 million of inflows from Monday to Thursday. Ether funds fared worse: $155.85 million out on Friday, the fifth outflow in a row, and about $431.5 million over the week. Solana funds lost about $71.5 million in the week.
The Ether figure rests on one source, and we could not read Farside’s table to compare. No new flow data arrives until after Monday’s US session.
Binance withdrawals: bitcoin on by 06:02 UTC, every other coin off at 06:08 UTC
Binance said it would resume withdrawals in phases, with the first between 06:00 and 09:00 GMT on Sunday, Reuters reported in a story carried by Business Recorder. The first phase includes bitcoin, ether, BNB, Solana, XRP and dogecoin. CryptoTicker dates Binance’s notice to 04:08 UTC, lists 15 networks and says no date has been named for the second phase, so holders of other tokens have no timetable.
Binance’s public coin-network data showed every withdrawal line off at 05:54 UTC. From 06:02 UTC it showed bitcoin enabled on the Bitcoin network, and that was still the only line on at 06:08 UTC, out of 990 coins listed. Ether, BNB, Solana, XRP and dogecoin stayed off, as did bitcoin’s other routes, including Lightning and BNB Chain. That flag is all we can confirm: it shows the route is open, not that customer withdrawals are arriving. We found no report from Binance or an outlet of a completed restart, and Binance’s own notice gave us only a navigation shell. The window runs to 09:00 UTC, so this reading may change at any moment. CNBC reported on Saturday that the reopening depended on security checks and final confirmation.
Binance also raised its figure: it says it has now covered 95% of the stolen funds, Reuters reports, up from the 90% given on Saturday, with the remaining 5% in less liquid tokens. That number is Binance’s own. CertiK told Cointelegraph on Friday that it needed more information to verify the $5 billion in replacement coins. The rest of the story, from the theft to the frozen funds, is in our running report on the Binance hack; on Saturday, the FBI confirmed that North Korea’s TraderTraitor group, a Lazarus subunit, was behind it. We found no report tying that statement to any price move.
Proof of reserves: Monday or Tuesday, depending on the source
The date of Binance’s full proof of reserves is not settled in what we could read. Bloomingbit reported chief executive Richard Teng’s statement of 30 October as a plan to publish the full report by 2 November, a Monday. CoinDesk wrote on 31 October that the full cryptographic proof is expected by 3 November, a Tuesday, and CryptoTicker uses 3 November too.
Binance’s update, quoted by Cointelegraph, says the full zero-knowledge proof takes about 40 to 50 hours to generate, with no start time. The earlier report says Monday and the later ones say Tuesday, but without Binance’s own text we cannot say whether the date moved or the outlets read it differently. A snapshot dated 00:00 UTC on 31 October is already out, showing at least 100% for the named tokens, according to CoinDesk. It is not the full proof, which would let customers check that their balances are included.
The week ahead, day by day
US clocks went back today, so Eastern time is now UTC-5 and every US release lands an hour later in UTC than last week. The Federal Reserve has no meeting this week; the next is on 8 and 9 December, with the odds of a hike that month at about 70% on CME FedWatch, as CoinDesk’s live blog put it on 30 October.
- Sunday 1 November: Binance’s first withdrawal phase, in a 06:00 to 09:00 UTC window. Only bitcoin, on its own network, was switched on at 06:08 UTC.
- Monday 2 November: the Bitway unlock at 08:00 UTC, about 101.6 million BTW. Trackers size the Bitway unlock differently: about 1% of maximum supply on one count, 7.0% of released supply on Tokenomist.
- Monday 2 November: the first ETF session of the week, and the US ISM Manufacturing PMI at 15:00 UTC (10:00 ET), a date and time from a third-party calendar that marks them as estimated. Binance’s proof of reserves is due, on the earlier reports.
- Tuesday 3 November: US midterm elections, and CoinDesk’s date for the full proof. Kite AI’s team and investor unlock falls around this date, though Kite has not published one.
- Wednesday 4 November: Aster’s Stage 6 vested claim opens at 12:00 UTC, according to Aster’s page as we read it on 28 October. Reload it before claiming.
- Thursday 5 November: the Bank of England’s rate decision, with its Monetary Policy Report, and Base’s Denim upgrade to 200-millisecond blocks.
- Friday 6 November: the US jobs report for October at 13:30 UTC, on the BLS schedule. Kraken starts moving 176 spot pairs to synthetic markets, and Fed Vice Chair for Supervision Michelle Bowman is listed at a University of Mississippi symposium.
Tokenomist’s homepage, read on Sunday, puts cliff unlocks over the next seven days at about $1.15 billion, including Bitway at $113.8 million and Kite at $75.6 million. October’s CPI date is not on this list because we could not verify it.
Why did LIT rise 16% and CAP fall 16%? No report explains it
The largest 24-hour gainers in our data at around 05:46 UTC were LIT (+16.39%), BEAM (+13.78%), ZAMA (+12.65%), MORPHO (+10.44%) and KITE (+10.43%). CAP (-16.35%), AKE (-11.24%) and XPL (-8.89%) fell the most. We searched for a cause and found no dated announcement behind any of these moves, KITE’s coming unlock aside, which would not explain a rise.
Morpho has one piece of same-protocol news. The Defiant reported borrow rates of roughly 40% as principal-token liquidity dried up, with available liquidity in one reUSD-backed market gone within two hours, and rates across four tracked markets easing to roughly 9-13% by 31 October. Nothing we read ties that to the token’s price.
What we could not read this morning
We have no weekend liquidation total, because the live figures on CoinGlass did not load. We have no options data either. Beyond that, we still lack Binance’s own text on the restart and on the date of the proof. The next hard facts should come quickly: whether the other first-phase coins switch on before 09:00 UTC, and Monday’s ETF numbers.