Crypto markets tumble and liquidations top $1.5 billion following reported Binance hack
Bitcoin plunged below $77,000 and Ethereum fell to near $2,200 as markets absorbed a reported multi-billion-dollar breach at Binance and broader tech-sector selling, triggering over $1.5 billion in futures liquidations.
Cryptocurrency markets suffered sharp losses on October 30, 2026, after reports of a security breach at Binance rattled investors and triggered widespread liquidations. Bitcoin fell through the $80,000 threshold it had defended for six weeks, sinking below $77,000 and touching an overnight low of $76,368, according to Trade Nation analyst David Morrison. Ethereum mirrored the downturn, sliding below $2,200 as broad risk appetite deteriorated.[1][3][5][7][12]
Outlets including CNBC and Bloomberg described the incident as the largest hack or heist in crypto history, with reports from CoinDesk and Cointelegraph placing the figure at $6.3 billion. The sudden decline hit leveraged traders hard: 24-hour derivative liquidations surpassed $1.5 billion, with Cointelegraph reporting $1.6 billion in wiped positions, led by an $11.09 million liquidation order on Binance. Long positions bore the brunt of the purge, accounting for roughly $1.4 billion of the total losses.[6][8][9][10][11][13][14]
The selloff coincided with weakness across traditional financial markets, where tech earnings pressure weighed on Nasdaq futures and gold dropped to its lowest level in a year. Morrison identified $75,000 as the next key support level for Bitcoin, warning that a break below it could open the door to a retest of summer lows.[2][4][5][8][11]
Key facts
- Bitcoin dropped below $77,000 and broke below its six-week $80,000 support level, hitting an overnight low of $76,368.
- Ethereum declined below the $2,200 mark following the security scare.
- Reports from CoinDesk and Cointelegraph stated Binance suffered a $6.3 billion hack, with major outlets characterizing it as crypto's largest-ever heist.
- Total 24-hour crypto liquidations reached between $1.53 billion and $1.6 billion, with $1.4 billion concentrated in long positions.
- The single largest liquidation order was valued at $11.09 million on Binance.
- Trade Nation analyst David Morrison marked $75,000 as the next critical support level for Bitcoin.
Sources · 12 sources
- CN
CNBC@CNBCPost on X ·
Bitcoin tumbles below $78,000 as Binance security scare rattles crypto markets https://t.co/TFnSzQlj2F
Open source - CT
Coin TelegraphArticle ·
Bitcoin risks worst October in 12 years as tech sell-off spreads to gold Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.
Open source - PO
Polymarket@PolymarketPost on X ·
BREAKING: Bitcoin plunges below $77,000. https://t.co/uALdObt56H
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨BITCOIN FALLS AS U.S. MARKETS OPEN AMID BROADER RISK-OFF MOVE! bitcoin:native declined as U.S. equity markets opened, with selling picking up through the first hours of the U.S. session. The move comes as broader markets face pressure from tech earnings and ongoing fallout from the Binance hack, which has kept risk appetite muted across crypto.
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
BITCOIN BREAKS BELOW $80,000 SUPPORT AFTER BINANCE HACK Bitcoin fell 2.1% to $77,182, hitting a six-week low of $76,368 overnight following the reported Binance hack. Trade Nation analyst David Morrison says Bitcoin has broken below the $80,000 support level it had defended for six weeks. The next key support is $75,000, with a breakdown potentially opening the door to a retest of summer lows.
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐞𝐚𝐜𝐡 𝐓𝐫𝐢𝐠𝐠𝐞𝐫𝐬 𝐔𝐒𝐃 𝟏.𝟓𝟑𝐁 𝐂𝐫𝐲𝐩𝐭𝐨 𝐋𝐢𝐪𝐮𝐢𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝟐𝟒𝐇 Crypto liquidations reached USD 1.53 billion as the Binance breach pushed Bitcoin and Ether lower. Long positions carried most losses, while the rebound pressured short sellers and Fed rate expectations added uncertainty. #CryptoLiquidations #Binance #Bitcoin #Ethereum #CoinGlass #FedRates #analyticsinsight #analyticsinsightmagazine Read More 👇 https://t.co/lxFr2g9vSb
Open source - TK
The Kobeissi Letter@KobeissiLetterPost on X ·
BREAKING: Bitcoin falls below $77,000 and ETH falls below $2,200 after Binance confirms that they have been hacked. This is looking like it will be the biggest hack in crypto history. https://t.co/pVutcFwK5A
Open source - BL
Bloomberg@businessPost on X ·
Stocks and Bitcoin Drop on Tech Earnings, Crypto’s Biggest-Ever Heist: Evening Briefing Asia https://t.co/AkiwD7CpFG
Open source - KC
Kalshi Crypto@Kalshi_CryptoPost on X ·
BREAKING: Bitcoin bitcoin:native drops below $77,000 $1.4B in crypto longs liquidated in the past 24 hours https://t.co/kgoO2zUg7K
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 REKT: Crypto liquidations hit $1.6B in 24 hours, with the largest single order worth $11.09M on Binance. https://t.co/qSmmINKuEZ
Open source - CN
CNBC@CNBCPost on X ·
Tech scare trade hits Nasdaq futures while crypto reels from its biggest-ever hack https://t.co/wavVDWLJfp
Open source - TK
The Kobeissi Letter@KobeissiLetterPost on X ·
BREAKING: Bitcoin falls below $77,000 and ETH falls below $2,200 after Binance confirms that they have been hacked. This is look like it will be the biggest hack in crypto history. https://t.co/AHdhpYNAuE
Open source - CO
CoindeskArticle ·
Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.
Open source - CT
Coin TelegraphArticle ·
Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.
Open source - Y❤
yourfriendSOMMI ❤️💛💚💙@yourfriendSOMMIPost on X ·
❤️💛💚💙 Huge Altcoin drops due to Binance Hack FUD. We also saw Binance Hack in 2019, which was a Recovery Year. 🔴 Bitcoin has crashed to $76,000 🔴 Ethereum crashed to $2200 All altcoins rinsed again with heavy sentiment wash. This is the 4th Red Weekly Candle in a row for Bitcoin, so I won't be surprised if this is the bottom week.
Open source