[Bitcoin now] Price rises above $77,000 as volume slumps and loss-taking prevails

Bitcoin rose in the $77,000 range, but a sharp decline in trading volume pointed to weaker participation behind the advance. Sentiment remained in fear territory, while on-chain spending reflected losses and exchanges recorded net outflows.

As of November 1, 2026, at 12:23 UTC

Bitcoin gained as trading volume and active addresses declined. The combination showed subdued market participation, with sentiment still cautious and bitcoin continuing to leave exchanges.

📈 Price now: $77,665.33 (+0.26%) Bitcoin rose from the previous day, although the recent sequence of daily returns showed only modest gains following a larger decline.

Trading volume: $12.43 billion (-47.61%) Volume fell sharply from the previous day, indicating that the price advance came with reduced trading activity.

Daily return: +0.30% Returns over the five reported days were +0.54% on October 28, -4.12% on October 29, -0.80% on October 30, +0.28% on October 31 and +0.30% on November 1. The latest gains remained small relative to the earlier decline.

Asset comparison: S&P 500 declines; gold at $3,875.02 The S&P 500 stood at 7,580.07, down 1.82%. No change figure was available for gold, leaving its direction unconfirmed.

MACD: daily -1,218; weekly 1,964 The negative daily reading indicated lingering short-term weakness, while the positive weekly reading showed a contrasting longer-term momentum signal.

❤️ Sentiment now: Bitcoin dominance 59.87% (+0.01%) Bitcoin's share of the cryptocurrency market edged higher, indicating a slight increase in its relative market weight.

Fear & Greed Index: 34 (Fear) The index rose from 30 the previous day, suggesting some easing in fear. It remained below the previous week's reading of 54.

Google Trends score: 52 (previously 58) Search interest declined despite the price gain, showing that the advance was not accompanied by increased search activity.

🧭 Market now: SOPR 0.9933 The reading below the break-even threshold indicated that bitcoin moved on-chain was, in aggregate, being spent at a loss. Loss-taking remained the prevailing signal.

Funding rate: +0.0100% (annualized +11.0%) Funding was unchanged and remained positive, meaning long positions continued to pay short positions. The funding regime was neutral.

Exchange reserves: 2,455,136 BTC Reserves declined 0.59%, reducing the amount of bitcoin held on exchanges and potentially available for immediate sale.

Exchange net flows: 14,437 BTC net outflow More bitcoin left exchanges than entered them. The outflow was consistent with reduced exchange-held supply, although it did not establish the purpose of those transfers.

Active addresses: 588,825 The October 31 reading fell from 792,938, indicating weaker network activity. On-chain participation declined even as the price rose.

This column is based on market data and indicator analysis.