Bitcoin Price Outlook For November 2026: One Price Level Remains Critical

Bitcoin price enters November defending $76,000, the average cost basis of short-term holders. The level was held after the Binance hack pushed BTC to a six-week low of $76,275. The shock from Binance triggered $1.58 billion in liquidations, and BTC closed October with a 7% loss. On-Chain Data Puts Bitcoin at a Make-or-Break Level Glassnode data shows heavy exchange inflows during the late-October slide. Net deposits reached about 11,500 BTC and 8,000 BTC on separate days, signaling sell-side pressure. Net outflows of roughly 40,000 BTC followed within days, among the largest of 2026. However, these flows do not suggest accumulation. The stolen 18,270 BTC left a Binance hot wallet during the hack , which registers as an exchange outflow.

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