Key Takeaways
- • Bitcoin traded near $77,919 on the reporting date, down 3.4% over the prior week, according to Pluang's market analysis.
- • The Bitcoin futures curve showed a flat 5.6% annualized rate across maturities, indicating no leverage premium and limited speculative pressure.
- • Funding rates are low and open interest is modest, reducing the risk of forced liquidations and sharp downside moves.
- • Key technical levels are $77,370 support and $78,511 December futures resistance, with the US Federal Reserve rate decision on November 10 as the next major catalyst.
- • Of 50 major cryptocurrencies tracked by Pluang, 17 rose and 32 fell on the day, with Chainlink (LINK) down 3.13% and showing 80% sell-side order activity.
Summary
Pluang's analysis, published as of November 2, 2026, reports that Bitcoin was trading around $77,919, down 3.4% from a week earlier. The firm's read of the Bitcoin futures curve is that it is flat, with an annualized rate of 5.6% across maturities. According to Pluang, the absence of a term-structure premium suggests the market is not pricing in heavy speculative leverage, which lowers the risk of abrupt price declines.
Supporting this view, Pluang notes that the funding rate is low and open interest is modest. Fewer leveraged positions reduce the likelihood of forced selling cascading through the market. Pluang identifies $77,370 as near-term support and $78,511, the December futures level, as resistance.
The next scheduled catalyst is the US Federal Reserve rate decision on November 10, which traders will weigh against the current low-leverage backdrop.
Broader market data in the same Pluang snapshot shows mixed altcoin performance. Of 50 major cryptocurrencies, 17 rose and 32 fell. Chainlink (LINK) traded at Rp207,194 with a 1-day decline of 3.13% and 80% sell-side order activity on Pluang. The Graph (GRT) fell 2.54% to Rp365 with 55% buy-side activity, and VeChain (VET) fell 2.35% to Rp104 with 64% buy-side activity. Pluang reports typical hold times of 64 to 149 days across these assets.
Supporting this view, Pluang notes that the funding rate is low and open interest is modest. Fewer leveraged positions reduce the likelihood of forced selling cascading through the market. Pluang identifies $77,370 as near-term support and $78,511, the December futures level, as resistance.
The next scheduled catalyst is the US Federal Reserve rate decision on November 10, which traders will weigh against the current low-leverage backdrop.
Broader market data in the same Pluang snapshot shows mixed altcoin performance. Of 50 major cryptocurrencies, 17 rose and 32 fell. Chainlink (LINK) traded at Rp207,194 with a 1-day decline of 3.13% and 80% sell-side order activity on Pluang. The Graph (GRT) fell 2.54% to Rp365 with 55% buy-side activity, and VeChain (VET) fell 2.35% to Rp104 with 64% buy-side activity. Pluang reports typical hold times of 64 to 149 days across these assets.
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