Bitcoin Missed the Uptober Rally While Binance Faced Its Biggest Hack Yet

October failed to deliver the usual seasonal bounce. Bitcoin slipped roughly 7 percent, and the anticipated market surge never materialized after the record-breaking breach at Binance.

Santiment’s figures show that wallets holding between 10 and 10,000 BTC kept buying. Between 18 September and 31 October they added 91,500 coins, lifting their combined holdings to 13.69 million — 68.1 percent of all circulating supply.

Bitcoin holders still booked a net realized profit of about 7.86 billion dollars. Ethereum investors, by contrast, posted a 510-million-dollar loss, with red ink on 16 of the 18 days from 14 to 31 October.

The Binance hack, which saw 6.3 billion dollars stolen, sent Bitcoin below 80,000 dollars to a low of 76,500. Social-media chatter about the incident spiked to nearly 3,000 posts in a single day.

Based on information from cryptonews.net