HTX DeepThink: Security incidents coupled with tightening expectations, BTC may maintain high volatility and weak consolidation in the short term.

October 30 — Chloe, author of the HTX DeepThink column and researcher at HTX Research, noted in an analysis that the crypto market this week suffered a dual shock from macro tightening expectations and the Binance security incident, with short-term risk appetite clearly retreating. BTC briefly fell below $77,000, with about $1.55 billion in liquidations across the market over 24 hours, including about $1.34 billion in long liquidations. According to reports, the security incident involved assets worth about $6.3 billion; institutions including Tether and Circle have assisted in freezing about $3 billion in related assets, and Binance has also pledged to bear user losses, but the subsequent handling of the incident will still affect the pace of recovery in market sentiment.

On the funding side, U.S. spot BTC ETFs saw net inflows of about $445 million over four consecutive trading days, but inflows slowed to about $17.1 million on October 29. Institutional funds did not show synchronized panic-driven withdrawal, yet ETF buying was also insufficient to fully absorb the selling pressure from the incident shock and leveraged liquidations. On the macro front, the Federal Reserve kept interest rates unchanged, and the trajectory of the dollar and U.S. Treasury yields continues to constrain risk appetite. With the U.S. midterm elections approaching next week, political uncertainty may further amplify volatility.

Looking ahead to next week, BTC is expected to remain in a high-volatility, weakly range-bound pattern, with $77,000 as an important short-term level to watch. If market sentiment gradually stabilizes with developments in the incident and ETFs continue to see net inflows, BTC may rebound to test $80,000–$82,000; if panic persists and leveraged liquidations spread further, the price may test $75,000 or even lower. The key to the short-term market lies in whether the incident shock can be gradually digested by the market and avoid evolving into a broader liquidity contraction.

Note: The content of this article is not investment advice and does not constitute any offer, solicitation of an offer, or recommendation for any investment product.