Bitcoin recovered toward $78,000 after a selloff linked to Binance’s reported $6.3 billion security breach, bringing immediate resistance at $78,800 and $79,800 into focus. Michael Saylor also hinted that Strategy may have room for another Bitcoin purchase, although the company’s October 26 filing confirmed that it had not bought additional BTC during the preceding week.

The recovery followed a liquidity sweep beneath Friday’s low, according to analyst Michaël van de Poppe — a technical setup in which price briefly trades through a prior low, triggering clustered stop orders. His chart showed Bitcoin rebounding from demand near $76,000 toward $78,000. Van de Poppe identified $78,800 as the first critical barrier and $79,800 as a second threshold that Bitcoin would need to clear to rebuild momentum.

The analysis remained conditional. Van de Poppe said a reclaim could accelerate the move, while consolidation could occur first. He also assessed that a failure to hold the rebound could leave Bitcoin vulnerable to a retest below $75,000.

BTC Faces $79,800 Resistance After $643.2M in ETF Outflows

#Bitcoin is in for tests at $80,000. It has taken the low on Friday, in which liquidity was taken beneath that low during the correction of the Binance hack. All right, that has happened, what's next? Well, if the long side has been taken, at some point we'll find… pic.twitter.com/h9XTLggHAD — Michaël van de Poppe (@CryptoMichNL) November 1, 2026

The uncertainty followed Binance’s October 29 disclosure that approximately $6.3 billion had been stolen from hot wallets — internet-connected wallets exchanges use to process customer withdrawals. Withdrawals were temporarily suspended while the exchange strengthened its security measures. Reports later alleged that BTC and Ether withdrawals resumed on November 1, although the investigation remained open.

U.S. spot Bitcoin exchange-traded fund flows provided another measure of caution. Farside Investors recorded $643.2 million in outflows on October 30 — a day after Binance’s disclosure — ending four consecutive trading sessions of inflows. BlackRock’s IBIT accounted for $233.7 million of the outflows, while Fidelity’s FBTC recorded $201 million in withdrawals. Spot Bitcoin ETF flows are widely tracked as a gauge of institutional demand for Bitcoin.

The ETF data added to the focus on Bitcoin’s ability to sustain its rebound. The immediate price levels identified by Van de Poppe remained just below $80,000, with $78,800 and $79,800 representing the main barriers in his analysis.

Strategy Holds 848,517 BTC as Saylor Hints at More Buying

Michael Saylor posted that Strategy had “found room for even more orange,” referring to purchase markers shown on StrategyTracker. The accompanying chart listed 119 buying events and 848,517 BTC valued at approximately $66 billion. Saylor did not announce a transaction in the post.

We found room for even more orange. pic.twitter.com/Pim20wkhrN — Michael Saylor (@saylor) November 1, 2026

Strategy’s October 26 filing confirmed that the company had made no Bitcoin purchases during the previous week. Its existing BTC holdings had a cost basis of $64.02 billion, representing an average acquisition cost of $75,446 per coin. The filing also showed that Strategy spent $204.9 million repurchasing STRC preferred shares.

Saylor’s post therefore contrasted with the company’s documented pause in Bitcoin accumulation. The chart’s reference to additional purchase markers indicated potential capacity but did not confirm that Strategy had completed another acquisition. As the largest corporate holder of Bitcoin, Strategy discloses purchases through weekly filings, making its next filing the point at which any new acquisition would be confirmed or ruled out.

Glassnode’s earlier analysis identified the $80,000–$81,500 range as a cost-basis area for exchange-traded funds and corporate treasuries. It also identified selling and liquidation clusters between $85,000 and $87,500. Bitcoin remained below the first range, leaving the market focused on the $79,800 resistance level rather than on a confirmed new purchase by Strategy.

Source: Blockonomi