Key Takeaways
- • Bitcoin traded at $77,919 on Sunday evening, November 1, 2026, down 3.4% over a week and 38.2% below its all-time high of $126,080 set October 6, 2025, according to CoinGecko data cited in the article.
- • The Deribit futures curve pays roughly 5.3% to 5.7% annualised across every maturity from November 27, 2026 to September 24, 2027, with no meaningful leverage premium over money-market rates.
- • The perpetual funding rate of 0.0033% per eight hours (about 3.7% annualised) and open interest of $668 million point to thin leveraged positioning, per the article's analysis.
- • The November 2 and November 3 contracts trade slightly below spot, a backwardation the article reads as short-term hedging demand.
- • The $77,370 daily low has held across two sessions, while the $78,134 daily high and the $78,511 December contract level frame the near-term range; the Federal Reserve rate decision on November 10 is the next scheduled catalyst.
Summary
Bitcoin traded at $77,919 on Sunday evening, November 1, 2026, according to CoinGecko data cited by CryptoTicker.io. Over the previous 24 hours the price moved between $77,370 and $78,134, a daily range of 0.99%. Market capitalisation stood at $1,567 billion, and the 30-day change was -8.4%. The Fear and Greed Index from Alternative.me read 34, in "Fear" territory, down from 30 the prior day.
The article's central focus is the Deribit futures curve. The December 2026 contract sat 0.8% above spot, the June 2027 contract 3.6% above, and the September 2027 contract 5.1% above. Measured against the perpetual at $77,865, the annualised basis ranged narrowly between 5.3% and 5.7% across maturities from November 27, 2026 to September 24, 2027. The article argues this flat profile reflects the cash-and-carry financing cost rather than any premium for owning bitcoin forward, and that the curve is therefore better read as an interest-rate instrument than a price forecast.
Positioning metrics point the same way. The perpetual funding rate stood at 0.0033% per eight-hour window, roughly 3.7% annualised, with open interest of $668 million in the perpetual and $281 million in the December contract. The article characterises the market as thinly populated and free of the leveraged long overhang that amplified recent downside moves through forced selling. The November 2 and 3 contracts trade 0.015% and 0.002% below the perpetual, a backwardation the article attributes to demand for short-term protection.
The article identifies $77,370 and $78,134 as the 24-hour low and high, and $78,511 as the December contract level. It notes that an outflow of $643 million from US spot bitcoin ETFs on October 31 equated to about 18.3 days of miner issuance, roughly 450 BTC or $35.1 million per day at current prices. Mining difficulty reached a record 148.36 trillion on October 29, according to mempool.space, while network hashrate has fallen 12.7% from its yearly high.
The author's assessment is that the flat curve and low leverage argue against a sharp further decline, but also imply the absence of speculative demand that would drive a rally absent an external catalyst. The next scheduled event cited is the US Federal Reserve rate decision on November 10. The article notes that its own analysis is not investment advice and that crypto assets carry the risk of total loss.
The article's central focus is the Deribit futures curve. The December 2026 contract sat 0.8% above spot, the June 2027 contract 3.6% above, and the September 2027 contract 5.1% above. Measured against the perpetual at $77,865, the annualised basis ranged narrowly between 5.3% and 5.7% across maturities from November 27, 2026 to September 24, 2027. The article argues this flat profile reflects the cash-and-carry financing cost rather than any premium for owning bitcoin forward, and that the curve is therefore better read as an interest-rate instrument than a price forecast.
Positioning metrics point the same way. The perpetual funding rate stood at 0.0033% per eight-hour window, roughly 3.7% annualised, with open interest of $668 million in the perpetual and $281 million in the December contract. The article characterises the market as thinly populated and free of the leveraged long overhang that amplified recent downside moves through forced selling. The November 2 and 3 contracts trade 0.015% and 0.002% below the perpetual, a backwardation the article attributes to demand for short-term protection.
The article identifies $77,370 and $78,134 as the 24-hour low and high, and $78,511 as the December contract level. It notes that an outflow of $643 million from US spot bitcoin ETFs on October 31 equated to about 18.3 days of miner issuance, roughly 450 BTC or $35.1 million per day at current prices. Mining difficulty reached a record 148.36 trillion on October 29, according to mempool.space, while network hashrate has fallen 12.7% from its yearly high.
The author's assessment is that the flat curve and low leverage argue against a sharp further decline, but also imply the absence of speculative demand that would drive a rally absent an external catalyst. The next scheduled event cited is the US Federal Reserve rate decision on November 10. The article notes that its own analysis is not investment advice and that crypto assets carry the risk of total loss.
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