Bitcoin holds near $76,900 as spot ETFs lose $399 million and Binance withdrawals reach $4.72 billion
Bitcoin sits near $76,900 after a morning dip
Bitcoin traded around $76,900, up 0.2% since midnight UTC, after falling to about $76,300 during the European morning. CoinDesk reported the move on Nov. 3, 2026, as US voters headed to the polls for the midterm elections.
The wider market was mixed. Ether rose 0.6%, the CoinDesk DeFi index added 0.5%, and the CoinDesk Memecoin Index fell 0.8%.
Fund outflows and exchange withdrawals
- US spot bitcoin ETFs lost $399 million on Monday, their second straight day of outflows, according to Farside Investors. A spot bitcoin ETF is a fund that trades on stock exchanges and holds bitcoin.
- BlackRock's IBIT lost $405 million, its largest daily outflow since June.
- Binance customers have withdrawn a net $4.72 billion since the exchange reopened on Sunday, up from $3.64 billion that day.
- Security firm Hypernative estimated that about $40 million was drained from hot wallets at Brazil's Mercado Bitcoin, one of several new attacks on crypto since Friday.
Traders churn ahead of the US vote
Crypto futures trading volume rose 51% in 24 hours to $168.1 billion, while open interest — the value of futures positions still open — fell 1.63% to $134.9 billion. CoinDesk said rising volume with flat or falling open interest for a second day points to active trading rather than new bets being placed.
Liquidations, the forced closing of leveraged positions, jumped 171% to $382.6 million. Market orders leaned toward selling, with 51.12% of taker volume on the sell side, compared with a roughly even split the day before.
On ether futures, open interest fell 2.18% while the price fell 0.83%, which CoinDesk read as traders closing positions. Bitcoin's open interest fell 1.20% against a 1.23% price drop, which it described as no net money moving either way.
Zcash fell 7.57%, the biggest drop among the coins CoinDesk tracked, with its futures open interest down 6.13%.
Options show more demand for protection
- The most traded bitcoin option in the last 24 hours was the Nov. 7 call at the $78,000 strike, near the spot price. A call is an option that gains value if the price rises.
- The Nov. 27 $75,000 put came next, ahead of a Nov. 27 $100,000 call. A put gains value if the price falls. Four of the six most traded bitcoin options were still puts.
- Implied volatility on the nearest-dated bitcoin options, which reflects the size of price swings traders expect, jumped to about 51% from about 43.5% for the Nov. 4 expiry the day before. Nearest-dated ether options showed about 59%.
- All six of the most traded ether options were puts, led by the Nov. 6 $1,900 put, about 16% below the spot price.
Lighter, Near and Zcash move on their own news
- Lighter's LIT token gained 2.3% as the perpetual futures exchange prepares to apply to the CFTC this month for registration as a trading venue and a clearing house, according to founder Vladimir Novakovski. CoinDesk noted that a filing would only begin a review.
- Near slipped another 0.9%, extending a 7% drop over 24 hours that left it among the worst performers in the CoinDesk 100. This came even after its House of Stake governance body voted on Monday to cut maximum annual token issuance to 1.6% from 2.5%.
- Zcash rose 1.2% to around $1,146, after falling about 8% from Monday morning in a dispute over its community grants program. The NU7 network upgrade is expected this week.
- Decentralized finance tokens held up better than most of the market, with AAVE up 1.5% and Uniswap's UNI up 0.8%.
Market mood still cautious
CoinMarketCap's altcoin season index was unchanged at 46/100. Its fear and greed index slipped to 34/100, a reading of "fear," from 36.
Outside crypto, Nasdaq futures rose 0.3% and Brent crude gained 1.3% to around $106 since midnight UTC, after the Nasdaq Composite fell 1.1% on Monday as tech stocks sold off again. AMD was due to report after the close, and the jobs report is due on Friday.
What is confirmed
The ETF flow figures come from Farside Investors, and the Binance withdrawal figures and derivatives data come from CoinDesk's market report. The Mercado Bitcoin figure is an estimate from the security firm Hypernative, and CoinDesk attributes Lighter's CFTC plans to its founder.
What is still unclear
The source material does not say when the ETF outflows or withdrawals will stop, or how the midterm election results will affect crypto markets. CoinDesk presents the link between election uncertainty and trading activity as its own reading of the data, not as a confirmed cause.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.