Is Uptober Dead? Bitcoin Whales Buy 1,900 BTC Amid Market Crash

Key Insights: Bitcoin’s Uptober rally faces pressure as BTC drops below $77,000 following Binance’s $6.3 billion security breach. Nine newly created wallets received 1,900 BTC worth $148 million from Galaxy Digital amid the crypto market crash. Crypto liquidations exceeded $1.5 billion, while Bitcoin faces key support at $77,700 and resistance near $80,000. Bitcoin price faces another disappointing Uptober after the Binance security breach intensified cryptocurrency selling. BTC fell below $77,000, while nine new wallets received $148 million from Galaxy Digital. The transfers coincided with $1.53 billion in market liquidations. However, CryptoQuant had identified weakening Bitcoin demand before the security incident.