What’s keeping Bitcoin buyers away despite 2 leverage flushes in 5 days?

On 29th October, the largest hack in crypto's history took Bitcoin to a low near $76,200. A few days later, on 5th November, an AI-driven tech crash spilled into crypto. The Nasdaq 100 fell by 6.4%, while semiconductor stocks tumbled by 12%. This chaos set off leveraged liquidations of roughly $1.1 billion and pushed Bitcoin's price below $74,000. Two different shocks, a historical Binance breach, and an AI token sell-off. Though they seem unrelated on the surface, this time they were actually the catalyst for the same event. What Bitcoin saw was a surge in speculative positioning, but what the king coin did not see was a buyer. Bitcoin's resilience fooled everyone The market's first take on the Binance hack was that crypto had passed a test.

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