Bitcoin Falls to $76,732 as Binance Withdrawal Fears Return — While Strategy Buys 811 BTC Anyway

The evening session turned red again
Bitcoin fell to $76,732.38 by early evening on Monday, November 2, down 1.92% on the day, as the crypto market gave back its morning recovery and returned to worrying about Binance. Ethereum fell 1.08% to $2,248.12 and Solana dropped 3.06% to $91.56, and the CoinDesk Memecoin Index lost 1.9% on the day. The trigger was not a new hack or a new announcement — it was the hangover from the old one. Binance, the world's largest exchange, is still working through the aftermath of the $6.3 billion hack, with substantial customer withdrawals and lingering security concerns weighing on confidence even after withdrawals reopened. Bitcoin had steadied near $78,000 earlier in the day, and one morning reading even put it up 0.2% at $77,976.98 after falling to a six-week low on Friday. By evening, that steadiness was gone. The $76,000 level is now the line to watch: a sustained break below it, analysts note, could invite further selling pressure.

The buyer who did not flinch
Against that backdrop, one buyer moved in the opposite direction. Strategy announced its first Bitcoin purchase in two weeks, acquiring 811 BTC for approximately $65.5 million at an average price of $80,846 per coin — buying above the current market price, in the middle of a fear-driven session. That is the kind of signal the market reads two ways at once. Bulls see a corporate treasury with conviction, willing to add while others withdraw. Bears see a buyer catching a falling knife, paying $80,846 for an asset trading near $76,732 the same day. Both readings miss the simpler point: Strategy's purchase is small next to the forces moving the market. The bigger flows are still going the other way. United States spot Bitcoin ETFs lost $643 million on Friday, their largest daily outflow since June, erasing four days of inflows, according to Farside Investors. Crypto futures volume jumped 56% over 24 hours to $111.8 billion, but open interest barely changed at $137.1 billion — a lot of trading, no new money. On Deribit, the three most traded Bitcoin options in the last 24 hours were all puts, led by the $58,000 put expiring November 27. And CoinMarketCap's altcoin season index fell to 46 out of 100, down from a pre-hack high of 60 — the market's risk appetite, measured that way, has cooled fast.
What the week ahead actually decides
The honest read on November 2 is that the market is waiting, not deciding. Three events dominate the calendar: Tuesday's United States midterm elections, which could shape the next Congress's approach to crypto rules including the CLARITY Act; Friday's October jobs report; and the next round of ETF flow prints, which will show whether Friday's $643 million outflow was a one-day shock or the start of a run. Binance's delayed zero-knowledge proof of reserves, due Tuesday, November 3, is the fourth item on that list — the document meant to settle questions about the exchange's holdings after the largest hack in crypto history. Until those land, the price action tells its own story: Bitcoin steadied near $78,000 in the morning, slipped to $76,732 by evening, and sits below the $80,307 50-day exponential average that would flip the recovery story from fragile to real, with support near $77,831 (100-day average) already given up intraday. A market that cannot hold its morning gains into the evening is a market without conviction — and conviction, this week, will have to come from data, not from headlines.

FAQ

How far did Bitcoin fall on November 2? To $76,732.38 by early evening, down 1.92% on the day, after steadying near $78,000 earlier in the session.

How did other coins perform? Ethereum fell 1.08% to $2,248.12, Solana fell 3.06% to $91.56, and the CoinDesk Memecoin Index lost 1.9%.

What did Strategy buy? 811 BTC for about $65.5 million at an average $80,846 per coin — its first Bitcoin purchase in two weeks.

How big were the ETF outflows? US spot Bitcoin ETFs lost $643 million on Friday, their largest daily outflow since June, erasing four days of inflows.

Why is $76,000 important? Analysts flag it as a level to watch: a sustained break below it could invite further selling pressure.

What comes next this week? Tuesday's midterm elections, Binance's proof of reserves due Tuesday, and Friday's jobs report, plus the next ETF flow prints.

Read more on Zimbuck: https://zimbuck.com/pages/zimbucknews and join the discussion at https://zimbuck.com/groups/zimbuckmarketnews . Related reading on the site: Binance Has Shed $16.6 Billion Since the Hack — and Its Proof of Reserves Is Now Due Tuesday, https://zimbuck.com/blogs/874/Binance-Has-Shed-16-6-Billion-Since-the-Hack-and and Bitcoin Is Pinned Below Every Key Average at $78,200, https://zimbuck.com/blogs/875/Bitcoin-Is-Pinned-Below-Every-Key-Average-at-78-200 . Source for this story: The Motley Fool, Crypto Market Today, Nov. 2: Bitcoin and Altcoins Retreat as Binance Withdrawals Spark Fresh Concerns, https://www.fool.com/coverage/stock-market-today/2026/11/02/crypto-market-today-nov-2-crypto-market-today-nov-2-bitcoin-and-altcoins-retreat-as-binance-withdrawals-spark-fresh-concerns/ . Join Zimbuck at https://zimbuck.com to follow more crypto coverage.

This article is market news and general information only, not financial advice.