According to monitoring by PolyBeats, on the prediction market Polymarket, the "No" probability for "BTC to drop below $75k this month?" is 22.5%. According to Binance market data, BTC fell about 7.2% in October alone, the worst October performance in 12 years; as of November 3, BTC was trading around $76,943, just 2.5% away from $75,000.
10Alexander321 bought $7.9k of "No" on "BTC to drop below $75k this month?" and bought $896 of "No" on "SOL to drop below $90 this month?". This account has a 70% win rate across 10 trades in the monthly section, with PnL +$35.9k and ROI +118.4%. The amount invested in this trade was 2.6 times its average investment in this section.
On the funding side, according to SoSoValue data, U.S. spot BTC ETFs saw a single-day net outflow of $643.3M on October 30, the largest single-day outflow since June 25, erasing 63.6% of 2026 net inflows, with IBIT outflowing $233.7M, FBTC outflowing $201.4M, and ARKB outflowing $129.5M.
On the technical side, according to FXStreet analysis, $76.3k is the intersection of the 200-day exponential moving average and the 38.2% retracement level, and is also where BTC's October 30 low was located; above, the 50-day exponential moving average at $80.3k forms resistance. QCP Capital previously viewed $80k to $82k as a buying zone.
Most traders on X believe $75k will not hold. Trader MasterCryptoHq, who has 159,000 followers, said: "BTC's price action is completely in line with expectations. My next target is first $70k to $72k, $70k to $75k is the accumulation zone, the next wave is $80k to $84k, and after that above $98k." Trader 0xklarck said on November 2 at 06:20: "BTC is brewing a violent drop... $77k, rejected at $79k, below $75k, then $71k."
