NewsSignals AI analysis·Beincrypto·Nov 2, 2026

A $6.3 Billion Hack Tested Bitcoin’s Bull Market. 3 Signs It Passed

Grade Abullish AI signal$BTC

Bitcoin's bull-market structure appears to have survived the $6.3 billion Binance hack, with BTC declining just 2.9% during the week despite the record crypto security breach. Bitcoin recorded its seventh consecutive weekly close above its 50-week moving average near $75,602, while its 14-month RSI remained above 50 for a third straight month. However, $643.33 million in spot Bitcoin ETF outflows and BTC trading below ETF investors' $82,308 average cost basis could create further downside pressure ahead of the November 3 U.S. midterm elections.

Bullish strength: 70/100

Bitcoin fell only 2.9% during the week of the record Binance hack.
BTC recorded seven consecutive weekly closes above its 50-week moving average.
The 14-month RSI remained above 50 for the third consecutive month.
Bitcoin's relatively shallow decline suggests underlying bull-market resilience.

Bearish strength: 30/100

U.S. spot Bitcoin ETFs experienced $643.33 million in outflows on October 30.
Bitcoin trades approximately 4.9% below ETF investors' $82,308 average cost basis.
BTC remains 10.4% below its January 1 level.
Bitcoin's historical November performance during midterm years has been evenly split between gains and losses.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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