Table of Contents
Introduction: New Month, New Calm
After an intense close to October, Bitcoin started November in a much steadier place. On Sunday, November 1, 2026, global exchanges saw the world’s most famous cryptocurrency settle into a quiet, spot-driven trading phase. If you watched the price moves, you saw a range between $77,410 and $78,940 (or ₹7,370,550 to ₹7,516,270 for anyone in India). By the end of the day, Bitcoin was holding around $78,415. It’s a snapshot that speaks to resilience, especially after last week’s chaos security scares and sharp sell-offs both in crypto and Wall Street.
Recap: Turbulent October, Strong November Start
October ended with a bang there was a major attempt at hacking a leading crypto exchange, which forced asset freezes and made traders nervous. Then, tech stocks on Wall Street got hammered, triggering a wave of liquidations. But as the dust settled, Bitcoin stood out. It shrugged off the volatility and showed real strength; a safe haven, even when everything else got shaky.
Capital started flowing out of riskier altcoins and into safer assets like Bitcoin. The numbers backed up this trend: a modest price increase (+0.25% to +1.22%) kept Bitcoin’s worldwide value in the $1.55 trillion to $1.58 trillion range. Its dominance among digital assets grew to 59.1%. If you’re watching the crowd, it’s clear people trust Bitcoin.
What Really Moved the Market?
Exchange Security Restoration
Leading crypto marketplaces began reopening withdrawals after last week’s hacking scare. Third-party auditors checked things out and confirmed all user funds were safe the Secure Asset Fund for Users (SAFU) had everyone covered.
This move settled traders’ nerves. Overnight, the depth of spot market liquidity improved as exchanges came back online.
Supply Squeeze: Less Bitcoin on Exchanges
There’s another bit of drama happening in the background: Bitcoin is disappearing from exchanges. Current stats show only about 2.07 million BTC are left on centralized platforms (a multi-year low). Most circulating coins nearly 75.6% are locked up in wallets that hardly spend, meaning it’s getting harder for casual buyers to scoop up Bitcoin quickly.
Institutional Investors Hold the Floor
Spot Bitcoin ETFs, especially from giants like BlackRock and Fidelity, maintained steady allocation levels. Their trading activity absorbed excess coins, putting a solid floor in the market around $77,000 as we entered November.
Macro Factors: Yields and Oil Prices
Global economics played a role, too. The 10-Year US Treasury yield stayed under the important 5% mark (4.98%), easing pressure on assets like Bitcoin. Oil prices held steady (Brent around $112.10 per barrel) which calmed inflation fears and stopped aggressive sell-offs.
Bitcoin’s Core Performance Numbers (Nov 1, 2026)
Let’s break down the day’s metrics:
- Spot Exchange Rate (USD): $77,410 – $78,940
- Spot Exchange Rate (INR): ₹7,370,550 – ₹7,516,270
- 24-Hour Price Change: +0.25% to +1.22%
- Market Dominance: 59.1%
- Global Market Cap: $1.55 to $1.58 trillion USD (₹131.8 trillion INR)
- 24-Hour Exchange Volume: $26.4 billion (₹2.24 trillion INR)
- Illiquid Supply Ratio: 75.6% of Bitcoin’s supply locked up
Spot order books absorbed earlier panic selling and stabilized near $78,900. Weekend trading volume was solid about $26.4 billion signaling that market players (both institutional and retail) are itching to position for the new month.
Main Drivers: Three Macro Engines
Operational Containment and Security
The big story was the resolution of last week’s security problems. Exchanges showed proof-of-reserves, confirming that SAFU funds covered every dime people might’ve lost. Phased withdrawals didn’t trigger panic selling. Liquidity in the spot markets quickly bounced back, restoring calm.
On-Chain Supply and Exchange Reserves
Bitcoin’s supply on exchanges dropped further. On-chain trackers revealed 6,100 BTC moved off exchanges in just 24 hours. All told, this means fewer coins are available for immediate sale, which can push prices up or at least prevent major drops if sudden sell pressure appears.
Macro Stability: Yields and Commodity Prices
The wider market stayed supportive. Treasury yields stayed below 5%, removing pressure from alternative assets. Oil steadied, which gave additional relief, especially for inflation watchers.
Technical Chart: Bitcoin Holds Its Ground
If you’re into trading charts, November 1 was about consolidation. Bitcoin stayed above the 20-day Exponential Moving Average ($78,200). The next major resistance is around $79,500. If it can clear this, the 50-day Simple Moving Average ($80,850) offers the next target, and beyond that $84,000.
Support is strong at $76,500, with an RSI reading of 46.8, signaling balanced momentum. Here’s how the chart looks in plain language:
- $78,200: Reclaimed pivot support (20-day EMA)
- $79,500: Immediate technical resistance
- $80,850: 50-day SMA, key breakout level
- $76,500: Major multi-month support
- $72,500: Longer-term bullish trend baseline
Moving averages are working in Bitcoin’s favor right now, but clearing the $80,850 mark would truly signal a monthly breakout.
Derivatives Insight
In the derivatives market, Bitcoin looks healthy. Open interest in perpetual swaps stabilized around $19.9 billion creeping higher as institutional market makers rebuilt hedges. Daily liquidations dropped to $14.2 million, showing that speculative excess has faded.
Options skew moved back to neutral (+0.5% for the 25-delta), pointing to balanced sentiment between downside protection and upside bets.
Looking Ahead: Scenarios for November
Trading desks are watching three big scenarios for the rest of the month:
- Bullish Expansion: If exchange security stays solid and ETF inflows continue, Bitcoin could break through $79,500, climbing toward $80,850 and maybe $84,000.
- Base Consolidation: Bitcoin might just trade sideways, holding between $77,410 and $79,500, waiting for macro updates or central bank moves.
- Bearish Retest: If new risks or security worries pop up, and Bitcoin closes below $76,500, it could dip toward $72,500–$74,000. That’d be a short-term setback.
Summary Table: Key Bitcoin Metrics
- Spot Exchange Rate (USD): $77,410 – $78,940
- Spot Exchange Rate (INR): ₹7,370,550 – ₹7,516,270
- 24-Hour Relative Change: +0.25% to +1.22%
- Illiquid Supply Ratio: 75.6% of circulating total (record high)
- Support Levels: $78,200 / $76,500 / $72,500
- Resistance Levels: $79,500 / $80,850 / $84,000
Conclusion: Bitcoin Steadies Itself
Despite last week’s chaos and the broader uncertainty in global markets, Bitcoin showed impressive stability. Exchange security scares are fading, institutional players are holding the line, and fewer coins are available for quick sale. Together, these factors have helped Bitcoin defend its core support and look ahead toward possible breakouts.
Now, investors and traders are watching for any new moves in macroeconomics or hints of stress in other markets. But as things stand, Bitcoin isn’t just surviving it’s proving itself once again as a reliable anchor for digital asset portfolios.
Disclaimer
This report is meant for educational and informational purposes only, based on market exchange data as of November 1, 2026. It’s not formal financial, legal, or tax advice. Digital assets can be risky and volatile always do your own research before making any trade.
