Bitcoin drops to $73,510 on Sunday afternoon, its lowest since August

CryptoNakta calculation from Binance BTC/USDT and ETH/USDT hourly and daily candles. Pulled at 04:16 UTC on Nov 9. 21:00 UTC is 4 p.m. ET on Sunday.

For most of Sunday, bitcoin barely moved. Then it fell from $75,744 to $73,510 on Binance within one hour, starting at about 4 p.m. ET. That was its lowest price since Aug. 21. Ether fell harder, from $2,227 to $2,060. That was its lowest since Aug. 19.

The hour was busy. BTC/USDT traded $180 million on Binance in those 60 minutes. Earlier on Sunday, a typical hour traded between $9 million and $34 million.

Bitcoin stayed just above one level that traders watch. By our count from Binance data, its average daily close over the past 200 days was $73,224. The low held about $290 above it.

Prices bounced within hours. About seven hours later, bitcoin was back near $75,000 and ether near $2,144.

$745 million in leveraged bets closed out in one hour, ether hit hardest

Source: CoinGlass data via PANews and TokenPost. 22:21 UTC is 5:21 p.m. ET on Sunday.

Many traders had borrowed to bet on higher prices. When prices fell, exchanges closed those positions by force. In the single hour to 22:21 UTC, $745 million in futures positions was closed out this way, PANews reported, citing CoinGlass. Almost all of it, $715 million, was on the long side.

Ether led. Ether positions closed out over 24 hours came to $343 million, against $229 million for bitcoin, TokenPost reported. The largest single one was a $48.16 million ether trade on Binance.

PANews also tracked one large trader who lost about $61.4 million. Of a $253 million bet on higher prices, $140 million was closed out.

The timing lines up with the hour of heavy trading in our Binance data. TokenPost noted that liquidation figures show when the selling happened. They do not by themselves prove what started it. We found no confirmed trigger.

Bitcoin near $75,000 at our check, 13 of 14 big coins lower

Measured by CryptoNakta from Binance spot data at 04:12 UTC, Nov 9 (11:12 p.m. ET, Nov 8). The 24-hour window includes the Sunday afternoon drop.

Every big coin in the table was lower at our check. Bitcoin was at $74,992. That is down 1.2% over 24 hours. Ether was down 4.2% and XRP 4.1%.

We again pulled every coin on Binance with more than $20 million in 24-hour volume against USDT. We left out stablecoins, gold tokens and stock tokens. Fourteen coins cleared that bar, up from nine on Sunday. Thirteen of the 14 were down.

The Fear & Greed Index read 29, in the “Fear” band. It was 28 a day earlier and 25 on Saturday.

The whole crypto market is worth about $2.50 trillion, according to CoinGecko. Our check a day earlier showed $2.56 trillion. Bitcoin’s share rose to 60.2% from 59.3%.

Pepe the lone gainer, Harmony (ONE) gives back 10%

Pepe (PEPE) was the only coin on that list that rose. It was up 3.7% at $0.00000508, on $55.5 million in volume. It also ended the week up 1.4%, the only gain among the coins in our weekly table below. We found no specific news behind the move.

Harmony’s ONE gave back part of its run. It fell 10.2% to $0.001654 on $21.1 million in volume. Our checks on Saturday and Sunday had it up 69.3% and 12.4%. We still have not found a confirmed reason for the rally.

One date is set. Harmony will close its block explorer (explorer.harmony.one) on Nov. 18, TokenPost reported in October. ONE withdrawals on Binance were still closed on both the Harmony and Ethereum networks at our check.

Hyperliquid (HYPE) fell 3.6% to $74.64, two days after Binance reopened HYPE withdrawals. Uniswap (UNI) lost 2.8% and Zcash (ZEC) 2.7%.

Week in review: bitcoin’s fifth straight weekly loss, XRP down 11%

CryptoNakta calculation from Binance weekly candles (USDT pairs). The week runs from 00:00 UTC on Monday, Nov. 2 to 00:00 UTC on Monday, Nov. 9 (7 p.m. ET Sunday). Pulled at 04:16 UTC on Nov. 9.

Bitcoin closed the week at $74,851 on Binance. That is down 4.5% and its fifth losing week in a row, and the biggest drop of the five. The last longer run was a six-week slide that ended on March 1.

It was also bitcoin’s lowest weekly close since mid-August. The week had started well. Bitcoin reached $81,196 on Wednesday before the selling began.

The close also slipped under bitcoin’s 50-week average. We put that line at $75,535 from Binance weekly closes. By our count, it had closed above that line for the seven weeks before. Galaxy’s head of research Alex Thorn pointed to the same break on Sunday, per PANews.

Ether lost 6.5% for the week, also its fifth weekly loss in a row. Altcoins fell more. XRP lost 11.0%, Solana 8.5% and Dogecoin 8.7%. Hyperliquid lost 15.1%, a week after gaining 15.1%.

Our Sunday briefing has the four weeks before this one.

Bitcoin ETFs lost $1.28 billion last week, almost all from IBIT

Daily figures: TFTC bitcoin ETF tracker. Weekly sums are CryptoNakta’s addition of those daily figures.

U.S. spot bitcoin ETFs lost a net $1.28 billion last week. Money left on four of the five days. The Block called it the worst week since late June.

BlackRock’s IBIT accounted for almost all of it. It lost $1.21 billion over the week and had outflows every day. Fidelity’s FBTC ended the week with a small net gain of $93.1 million. Grayscale’s GBTC lost $61 million.

Spot ether ETFs lost $365.3 million. It was their sixth losing week in a row, The Block reported. Solana ETFs lost $26.3 million and Hyperliquid ETFs $15.6 million.

Monday’s flows will come in after the U.S. market closes. If you are weighing a fund against holding the coins yourself, our ETF vs. bitcoin guide runs the numbers over a full year, fees included.

Binance briefly closed every BSC withdrawal, then reopened 190 routes

Measured by CryptoNakta from Binance’s public deposit and withdrawal settings. The 04:23 UTC check and several more through 04:35 UTC all showed 190 routes open.

For a short time early Monday in Asia, Binance had no open withdrawal route at all on BNB Smart Chain (BSC). That is the network behind BEP-20 tokens.

At our checks at 04:13 and 04:17 UTC (11:13 and 11:17 p.m. ET Sunday), all 456 BSC withdrawal routes were closed. Each showed the same note: “The wallet is currently undergoing maintenance. Withdrawals for this asset will be resumed shortly.” Deposits stayed open on 372 of them.

By 04:23 UTC, 190 routes were open again. That is all but two of the 192 that were open at our Sunday check. The two still closed are LINK and BONK on BSC. LINK can still be withdrawn on Ethereum and BONK on Solana.

While BSC was shut, BNB itself could not leave Binance on any network. Its routes on Ethereum and opBNB were already closed. The same was true for ADA, DOT, LTC, NEAR, INJ, XLM, HBAR and FIL. On Sunday, BSC was their only open route. In all, 126 coins that trade on Binance lost their last way out for that time. Of those, 105 were tokenized U.S. stocks and ETFs. BNB withdrawals on BSC were open again at 04:35 UTC.

We do not know when the pause started. It was some time between our Sunday check at 02:59 UTC and 04:13 UTC Monday.

Binance had not explained it. At 04:25 UTC, the newest post in its “Latest Binance News” list was still Recovery Update #9 from Nov. 6. Its “Maintenance Updates” list had nothing newer than Oct. 29. We could not read Binance’s X account directly, and we found no news report about the pause.

The chain itself was running. A public BSC node showed block 132,520,200 produced at 04:25:32 UTC with 114 transactions. BNB Chain’s only recent notices we found are a Nov. 6 fix for one node program (BSC-Reth) and the date of its next upgrade, the Jenner hard fork on Dec. 8. Neither Binance nor BNB Chain has tied either one to the pause.

A route can close and reopen within minutes. Check the network status on the withdrawal screen right before you send. Our Binance maintenance guide explains what these notes mean for your funds, and our wrong network guide covers what happens when the two sides do not match.

Binance reopens HYPE and APT, four coins still waiting

Binance reopened HYPE and APT withdrawals on Sunday in a post on its X account, crypto.news reported. Both were on the list of six coins that Binance aimed to reopen by the end of this week. Our check confirmed both open on their own networks.

Measured by CryptoNakta from Binance’s public deposit and withdrawal settings at 04:35 UTC, Nov 9.

The other four are still waiting. INJ, NEAR and LTC can leave as BEP-20 tokens on BSC now that BSC is open again. XPL has no open route at all. Binance has not given a day or hour for them.

Many smaller routes came back between our Sunday and Monday checks. Fifty tokens reopened on Ethereum, among them COMP, IMX, APE, 1INCH and WETH. Three reopened on Sui. USDC on Optimism reopened too. USDC on Avalanche and ETH on Optimism were still closed. POL on Polygon closed, though POL can still go out on Ethereum.

The money that left Binance after the Oct. 29 theft is now clearer. Binance’s bitcoin reserves fell from about 730,000 BTC before the attack to 673,700 BTC by Nov. 8, Bitcoin.com reported from CryptoQuant data. Ether reserves fell from about 3.48 million to 3.08 million. Stablecoins on Ethereum fell from about $41 billion to $32 billion.

The latest daily readings were much calmer, per the same report. Bitcoin showed a small net inflow of about 1,300 BTC. Ethereum stablecoins showed about $27.9 million coming in.

Binance co-CEOs Richard Teng and Yi He and security chief Jimmy Su will hold a live audio chat on X at 12:00 UTC Monday (7 a.m. ET), PANews reported from Binance’s X account. For how the pause began, see our Binance hack guide.

Web3Auth says it moved $5.6 million out of exposed Keplr wallets

Web3Auth said it moved users’ funds out of exposed Keplr wallets before an attacker could reach them. Its 12 recovery addresses held about $5.6 million on Sunday, The Block reported from onchain data. One address alone holds about 2.49 million ATOM, worth about $3.3 million.

The affected wallets were Keplr accounts set up with Google or Apple login, which Web3Auth runs. Much of the ATOM had been staked. The rescue turned it into tokens that could move right away. That skipped the usual 21-day wait to unstake, The Block said.

The theft figure is in dispute. Data firm Bitquery estimated on Saturday that about $6 million was taken from more than 44,000 wallets. Web3Auth said that number counts its own rescue transfers. All eight addresses Bitquery linked to the thief are on Web3Auth’s recovery list, per The Block. Web3Auth has also referred to an “original attacker,” but has not said how much was actually stolen.

Crypto Briefing put the count Bitquery tracked at 44,041 wallets on Cosmos networks and 7,603 on Injective. Web3Auth’s recovery addresses cover 11 Cosmos networks and eight networks that use Ethereum-style addresses.

“Funds recovered through this process are safe, and we are working with Keplr on a path to recovery for users,” Web3Auth said. Neither company has said how or when users will get funds back. Keplr is building a way for users to check whether their account was affected.

Until then, Keplr’s advice stands. If you log in with Google or Apple, do not send funds to that account. A low or empty balance may be the rescue, not a theft. Ignore direct messages that offer recovery help. Our hardware wallet guide covers what a seed-phrase or hardware setup protects against.

Stablecoin supply stops shrinking over the weekend

Pulled by CryptoNakta from DefiLlama’s public stablecoin data at about 04:30 UTC, Nov 9. DefiLlama counts all dollar stablecoins it tracks.

Stablecoin supply fell every day from Oct. 31 to Nov. 7, shrinking by almost $6 billion. Then it went flat. The Nov. 8 reading was even a little higher than the day before.

Tether’s USDT stood at $176.79 billion, down $2.45 billion from a week earlier. Circle’s USDC was at $70.49 billion, down $1.14 billion. Both barely moved over the past day.

Supply falls when issuers take back more tokens for dollars than they hand out. The totals alone do not show who redeemed. See our USDT vs. USDC guide for how redemption works at each issuer.

Token releases this week: ALLO adds tokens equal to 65% of its circulating supply

Source: token release schedule data cited by PANews. Times converted by CryptoNakta from Beijing time (UTC+8).

Several projects release locked tokens this week. Two stand out because of their size compared with the supply already trading.

ALLO releases about 160 million tokens on Wednesday. That equals about 65.6% of the ALLO now in circulation. AZTEC releases about 31.8% of its circulating supply early Friday, UTC.

Released tokens go to the people they were set aside for. These can be early backers, the team or a project fund. Whether they sell is up to them, and the schedule alone does not show that.

Gopax still halted, no bitcoin trades since Friday

South Korean exchange Gopax is still halted. Binance owns a majority of it. We checked its public trade data at 04:28 UTC Monday. The last bitcoin trade against the Korean won was still the one at 06:09 UTC on Friday.

Gopax stopped trading on Nov. 6 after an email threatened a hack. It said at the time that no hacking had taken place. It is moving customer assets to offline cold wallets and handling withdrawal requests by hand through customer support. It has not said when trading will resume.

For how other exchanges have handled hacks and halts, see our exchange hack record.

The week ahead: CPI on Tuesday, PPI on Friday

• Monday, 12:00 UTC (7 a.m. ET): Binance’s leaders take questions in a live audio chat on X.
• Tuesday, Nov. 10, 8:30 a.m. ET: October consumer prices (CPI).
• Wednesday, Nov. 11: ALLO and APT token releases.
• Friday, Nov. 13, 8:30 a.m. ET: October producer prices (PPI).
• By the end of the week: Binance’s target for reopening INJ, NEAR, LTC and XPL withdrawals.
• Nov. 18: Harmony’s block explorer closes.
• Dec. 8, 02:30 UTC: BNB Chain’s Jenner upgrade on BSC.
• Dec. 8 and 9: the Fed’s next rate meeting.

Tuesday’s CPI report will not include the usual yearly inflation rate for overall or core prices. The Bureau of Labor Statistics could not collect October 2025 prices during last year’s government shutdown. That leaves no month to compare with, Stock Titan explained. Monthly changes will still come out.

RBC Economics expects a 0.3% monthly rise for both overall and core prices. The Cleveland Fed’s running estimate from Nov. 6 is 0.24% for overall prices and 0.21% for core, per the same report.

The Fed left its target range at 3.75% to 4.00% on Oct. 28, in a 10 to 2 vote. Both members who disagreed wanted a quarter-point hike, Advisor Perspectives reported. This week’s CPI and PPI are the last price reports before the December meeting.

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