NewsSignals AI analysis·Dow Jones Newswires·Oct 30, 2026

Binance Hack Seen as Last Swipe of Bitcoin Bear Market — Market Talk

Grade Abullish AI signal$BTC

Bitcoin's latest selloff following the $6.3 billion Binance breach could mark the final capitulation phase of the 2026 crypto bear market, according to ZX Squared Capital's CK Zheng. Zheng sees the decline as a potential buying opportunity below $80,000 and maintains a forecast that Bitcoin could reach $150,000 next year. If exchange-related selling pressure remains temporary, Bitcoin could enter its next bull-market phase with renewed upside momentum.

Bullish strength: 75/100

CK Zheng identifies the latest selloff as potentially the final capitulation phase of the 2026 bear market.
Bitcoin below $80,000 is described as a potential accumulation opportunity.
Zheng forecasts Bitcoin could reach $150,000 next year.
Exchange hacks have historically had only short-term effects on Bitcoin prices, according to Zheng.

Bearish strength: 25/100

The $6.3 billion Binance breach triggered a crypto selloff.
The breach creates uncertainty and short-term psychological selling pressure.

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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