Key Takeaways
- • Bitcoin traded at $77,919 on Sunday evening, November 1, 2026, up 0.4% over 24 hours and down 3.4% over a week, according to CoyGecko-cited figures in the source analysis.
- • The Deribit futures curve shows an almost flat annualised basis of roughly 5.3% to 5.7% across maturities from November 27, 2026 to September 24, 2027, meaning the premium is essentially the dollar money-market rate with no leverage premium.
- • The November 2 and November 3 contracts trade slightly below spot, a short-term backwardation that the source attributes to near-term hedging demand.
- • Perpetual funding is 0.0033% per eight hours (about 3.7% annualised) and perpetual open interest is $668 million, signalling low leveraged long exposure.
- • The source identifies $77,370 as the 24-hour low and $78,134 as the 24-hour high, with $78,511 as the December contract level, and flags the Federal Reserve rate decision on November 10 as the next catalyst.
Summary
Bitcoin was trading at $77,919 on the evening of Sunday, November 1, 2026, according to CoinGecko data cited in a CryptoTicker.io analysis. The price sat 38.2% below its all-time high of $126,080 set on October 6, 2025, and was down 8.4% over 30 days. The Fear and Greed Index read 34, in the "Fear" range, down from 30 the previous day.
The futures curve on Deribit is the central observation of the analysis. Annualised basis across maturities from November 27, 2026 through September 24, 2027 ranged only from about 5.3% to 5.7%, close to dollar money-market rates. The source interprets this as a cash-and-carry financing cost with no added premium for leveraged long exposure, meaning market participants are not currently paying a surcharge to hold bitcoin forward. The analysis contrasts this with bullish phases, when the basis typically rises well above money-market rates.
At the short end, the November 2 and November 3 contracts traded marginally below the perpetual, a backwardation the source attributes to demand for near-term hedging. Perpetual funding stood at 0.0033% per eight hours, and open interest was $668 million in the perpetual and $281 million in the December contract. According to the analysis, the low leverage overhang reduces the likelihood of forced-liquidation cascades, though thin markets may react more sharply to large orders.
The analysis notes that the $77,370 daily low has held across two sessions, even after an outflow of $643 million from US spot bitcoin ETFs on October 31. It also reports that mining difficulty reached a record 148.36 trillion on October 29, according to mempool.space, while network hashrate fell to 1,087 exahash per second. The source identifies $78,000 as a psychological level that the price broke on October 31. The piece offers no buy or sell recommendation and states that the futures curve is a financing signal rather than a price forecast.
The futures curve on Deribit is the central observation of the analysis. Annualised basis across maturities from November 27, 2026 through September 24, 2027 ranged only from about 5.3% to 5.7%, close to dollar money-market rates. The source interprets this as a cash-and-carry financing cost with no added premium for leveraged long exposure, meaning market participants are not currently paying a surcharge to hold bitcoin forward. The analysis contrasts this with bullish phases, when the basis typically rises well above money-market rates.
At the short end, the November 2 and November 3 contracts traded marginally below the perpetual, a backwardation the source attributes to demand for near-term hedging. Perpetual funding stood at 0.0033% per eight hours, and open interest was $668 million in the perpetual and $281 million in the December contract. According to the analysis, the low leverage overhang reduces the likelihood of forced-liquidation cascades, though thin markets may react more sharply to large orders.
The analysis notes that the $77,370 daily low has held across two sessions, even after an outflow of $643 million from US spot bitcoin ETFs on October 31. It also reports that mining difficulty reached a record 148.36 trillion on October 29, according to mempool.space, while network hashrate fell to 1,087 exahash per second. The source identifies $78,000 as a psychological level that the price broke on October 31. The piece offers no buy or sell recommendation and states that the futures curve is a financing signal rather than a price forecast.
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