← The Polylog Crypto Intelligence Brief
Morning Edition · Saturday, October 31, 2026Published at 1:43 AM EDT · New York
Bitcoin falls to about $76,000 and liquidations reach $1.57 billion as the Binance theft and a Nasdaq sell-off hit together
Spot bitcoin exchange-traded funds took in $440.8 million over four sessions before the sell-off, while Coinbase missed revenue estimates as monthly users fell to 7.4 million.
On Friday, bitcoin fell to about $76,400, and forced liquidations of leveraged positions reached $1.57 billion. The Motley Fool put the low near $76,140, the weakest level since about September 17. The theft was not the only cause. The Nasd…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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More from this edition
- Binance traces $6.3 billion theft to one engineer's hacked laptop as investigators name North Korea's TraderTraitor
- EIP-7702 delegation let the Binance attacker sweep about $2.5 billion on Ethereum, and researchers propose narrower signing rules
- Issuers freeze about $3 billion of Binance loot as the attackers switch to automated laundering that Chainalysis says it has not seen before
- Aave reopens markets it froze after the Binance attacker borrowed 19,762 wrapped ether against stolen USDT
- Lummis says the stalled CLARITY Act would have sped up Binance freezes, while a critic says it would have required court orders
- Aztec discloses a critical flaw in its Alpha V5 proving system that left the network unable to tell which transactions it should have rejected
- Bridge and vault exploits cost zkLink Nova, an Avalanche tranche vault and Initia about $4.5 million combined
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