News · Cointelegraph

Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack

Bitcoin held above $76,000 after a $6.3 billion hack of Binance and a tech-stock sell-off, with 24-hour crypto liquidations of $1.56 billion, of which long positions made up $1.31 billion according to CoinGlass. Downside momentum cooled after Binance confirmed that all user losses would be covered from its SAFU fund and other company resources. Bitcoin's RSI dropped to 34.7, its lowest since June 30 and approaching the oversold zone below 30, while the four-hour RSI showed a bullish divergence from price. Price closed below the lower Bollinger Band, a move last seen on June 25, leaving it more than two standard deviations below the 20-day SMA of $81,324. Intel shares plunged 26% premarket after guiding fourth-quarter sales to $15–16 billion, below the $17–18 billion analysts had projected.

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bitcoincryptoBinanceIntel

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Related tickers and likely impact

BNB/USDT

▼ Likely negative

BNB

Relevance: high

MarketCrypto
ExchangeBinance
SectorExchange tokens
Market cap$97.5B
Close on 10/29/2026698.46
Change that session-8.08%
BNB/USDT price, forecasts and signals →

BTC/USDT

• Neutral

Bitcoin

Relevance: medium

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/29/202677,991.89
Change that session-4.12%
BTC/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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