The crypto market greeted the morning of November 3 in a tense equilibrium: Bitcoin held above $76,000, the largest exchange is dealing with the aftermath of a record hack, and Asian regulators are rewriting security rules. Cryptalist breaks down the key events shaping trader sentiment.
Bitcoin and Ethereum: cautious growth amid risks
As of 07:35 (Moscow time), Bitcoin is trading at $76,944 (about ₽6,230,417 per token). Over the past 24 hours, the trading range was from $76,442 to $78,601. The second-largest cryptocurrency by market cap, Ethereum, is holding near $2,255 (≈ ₽182,595), also showing recovery momentum.
Among the top 10 largest assets, TRON showed the best performance over the past 24 hours (+2.16%), and Hyperliquid over the week (+7.31%). Among the laggards are Zcash (-11.45% over 24 hours) and Solana (-7.93% over the week). In the top 100, Pieverse was the growth leader (+11.19% over 24 hours and +15.58% over the week), while Curve DAO Token lost almost 20% over the week (-19.97%).
Liquidation cascade: $363 million in 24 hours
Over the past 24 hours, positions of 94,627 traders were liquidated for a total of $363.34 million. The main blow fell on long positions — $326.69 million versus $36.65 million in shorts. The largest single liquidation order was recorded on Binance for the BTC-USDT pair — $8.78 million.
North Korea rejects accusations, Seoul tightens oversight
North Korea has officially denied involvement in the $6.3 billion Binance hack. Kim Yo Jong, sister of the country's leader, called the FBI's accusations "absurd rhetoric" and a political provocation. Analysts, including BitOK, had previously linked the attack to a North Korean group, noting similarities with past incidents and finding that funds stolen from Binance and Bitget were mixed at the same address.
South Korea's financial regulator, at an emergency meeting, urged local exchanges to keep more client funds in cold wallets not connected to the internet. By law, the share must be at least 80%, but in practice the spread is wide: Upbit has 99%, GOPAX about 80%. The regulator also demanded stronger monitoring of deposits and withdrawals, the hiring of additional specialists, and the creation of reserves in case of attacks.
Binance resumes withdrawals
Binance has launched the second phase of reopening withdrawals after the hack. Funds are being returned gradually as security checks are completed, on the BNB Chain, Ethereum, Solana, XRP Ledger, and Tron networks. The outflow of funds from the exchange has slowed: on Monday it amounted to $2.57 billion versus $6.1 billion the day before.
Among public crypto companies, the shares that fell the most were IREN (-8.06%), Hut 8 (-7.40%), and TeraWulf (-6.73%). Coinbase lost 3.98%, Robinhood — 1.35%. The only exception was Strategy (MSTR) stock, which gained 0.19%. The Fear and Greed Index dropped to 26 points, remaining in the fear zone: a week ago it was 48, and a month ago — 65.
Cryptalist analysis: The market is demonstrating a classic consolidation phase after a shock: Bitcoin is holding above $76,000, but the fear index at 26 signals the predominance of caution over greed. The skew of liquidations toward longs ($326.69 million) indicates that the market has shed excess leverage, which historically creates a base for a more sustainable recovery. The key trigger for further movement will be the speed and completeness of the resumption of withdrawals on Binance — the restoration of trust in the largest exchange will determine whether capital returns to risk assets in the coming weeks.