[Bitcoin now] Bitcoin slips to $77,000 range as volume falls and active wallets rise

Bitcoin slipped into the $77,000 range as trading volume fell, pointing to weaker participation behind any price recovery. Sentiment remained fearful, while rising active wallets and net exchange outflows offered a mixed picture of market activity.

As of October 31, 2026, at 11:40 UTC

Bitcoin's price decline coincided with a sharp contraction in turnover. Network activity increased, but that alone does not establish stronger buying demand.

📈 Price now: $77,365 (-0.17%) Bitcoin traded lower, with the modest decline indicating continued pressure on the price.

Trading volume: $24.60 billion (-57.39%) Turnover fell sharply alongside the price. The figures do not show a selloff accompanied by expanding volume, but they also indicate weaker trading participation to support a rebound.

Daily return: +0.14% The latest five daily readings were October 27: +0.95%; October 28: +0.54%; October 29: -4.12%; October 30: -0.80%; and October 31: +0.14%. Two gains were followed by two declines and a small recovery in the latest daily reading.

Asset comparison: S&P 500 down; gold direction unavailable The S&P 500 stood at 7,580.07, down 1.82%, while gold was quoted at $3,875.02. No change figure was available for gold, preventing a comparison of their direction.

MACD: daily -1,100; weekly 1,936 The negative daily reading signals short-term weakness, while the positive weekly reading suggests the broader upward momentum has not fully faded.

❤️ Sentiment now: Bitcoin dominance 59.84% (+0.03%) Bitcoin's share of the cryptocurrency market edged higher. That increase alone does not establish whether other tokens rose or fell in price.

Fear and Greed Index: 30 (Fear) The index was unchanged from the previous reading of 30 and below the prior week's 51, indicating weaker risk appetite than a week earlier.

Google Trends score: 76 (previously 100) Search interest declined from the previous reading. This points to reduced public attention, without establishing the direction of trading demand.

🧭 Market now: SOPR 0.9933 The reading below the break-even threshold indicates that coins moved on-chain were, on average, being spent at a loss.

Funding rate: +0.0100% (annualized +11.0%) Positive funding indicates that long positions were paying short positions. The rate was unchanged and classified as neutral, offering limited evidence of excessive bullish leverage.

Exchange reserves: 2,469,132 BTC Reserves declined by 0.06%, reducing the potential supply held on exchanges. A decline in exchange balances alone does not establish accumulation.

Exchange net flows: 1,451 BTC net outflow Withdrawals exceeded deposits, indicating a net movement of bitcoin away from exchanges. No previous-period comparison was available to establish whether the pace accelerated or slowed.

Active wallets: 792,938 Coin Metrics data for October 30 showed an increase from 644,645 in the previous reading. Network participation expanded despite lower prices and trading volume, although more active wallets do not necessarily indicate more buying.

This column draws on market data and technical indicators and does not constitute investment advice.

Data sources: CoinMarketCap; CNBC; Coin Metrics; Google Trends; and the supplied sentiment, on-chain and derivatives figures.