Bitcoin (BTC) Logs 4.2% Drop on October 29 Daily Candle

Bitcoin Drops 4.2% on the October 29 Candle

Bitcoin (BTC) price fell 4.2% on the October 29 UTC daily candle, the session that closed at 00:00 UTC on Friday. The same candle split the field around it: Hyperliquid (HYPE) gained 10.3%, Leo Token (LEO) added 0.4%, and WhiteBIT Coin (WBT) slipped 4.4%. A UTC daily candle runs from 00:00 to 24:00 UTC, so the figure measures a complete trading day from close to close rather than an intraday wick, and the 4.2% reading comes from aggregated price histories calculated on the same UTC basis for all four assets. Attribution stays thinner than the move itself. A candle record carries direction and size, not the wallets behind it, so nothing in the available data ties the drop to whale selling or to any single cohort of holders. The market has since steadied: live readings early on Saturday, October 31, put Bitcoin (BTC) near $77,410, up about 1.0% across 24 hours, though the range still carries the shape of Friday's weakness. For Bitcoin the candle lands in a market that has been trending lower across the month, so the question the line raises is whether it marks continuation or the final leg of the pullback. On the Altcoin side, the divergence is the point. Two large exchange tokens moved in opposite directions while Bitcoin sold off, which reads as rotation between assets rather than a uniform exit from the sector, and it means each token's weekly picture has to be judged on its own candle record rather than on one market-wide number.

Support sits well below the tape. Composite scoring, which rates each level from 0 to 100 by the indicators that cluster there, marks $75,075 as the strongest support under the market at 96/100, while $78,306 carries the heaviest resistance overhead at 100/100. Momentum agrees with the cautious read: the RSI prints 34.70 and the trend filter reads a downtrend. Derivatives positioning is tilted but not stressed, with funding at 0.0041% on perpetuals and open interest near $16.08 billion. The level that changes the picture first is $78,306, since a daily close above it would break the strongest overhead barrier, while losing $75,075 would expose the zone marked by the 200-day moving average that our earlier coverage flagged. A fuller Bitcoin technical analysis tracks both levels in real time.

HYPE Gains as Drawdown Figures Diverge

Hyperliquid's 10.3% candle deserves its own read, because the record behind it is more limited than the headline suggests. By the morning of October 31, aggregated data still showed HYPE 8.0% below its all-time high despite a 16.36% gain across the previous seven days, and the token had slipped 3.94% in the prior 24 hours. Its seven-day high sits about 1.3% under the record. A seven-day high and an all-time high are different benchmarks, and trading near one is not the same as breaking the other. Leo Token added 5.5% over seven days, but its distance from the peak depends on the tracker: one aggregated history puts Leo Token 11.3% below its high and WhiteBIT Coin 15.4%, another shows 9.3% and 16.26%. Mixing figures from different trackers into a single benchmark changes the answer. Community sentiment polls point the same mixed way: 78% of Hyperliquid respondents chose further gains, as did 100% of Leo Token respondents, while 67% of WhiteBIT Coin respondents picked further downside. The votes count respondents, not wallets, and the sample size and method were not published, so they say little about actual HODL behavior among holders. Two events from the same window frame the session. Binance disclosed on October 30 that a hot wallet had been compromised with token losses of about $6.3 billion, and committed to covering the loss through its SAFU fund and company funds; a second notice posted at 04:33 on October 31 said the exchange found no evidence of a private key leak and is still investigating the attack path. A hot wallet, unlike a cold wallet, stays connected to the network and carries that exposure by design, and our separate coverage traced Bitcoin (BTC) to a six-week low after the Binance hack. Also on October 29, Intercontinental Exchange (ICE) and Trade[XYZ] announced a contract to bring Hyperliquid-based perpetual markets to the United States. The timing overlaps HYPE's rally, but the record confirms no causal link, and the new market and its clearing arrangements still require regulatory approval; the contract involves perpetual futures rather than an ETF structure. Until a session closes with a comparable move, the 4.2% drop of October 29 stands as the week's reference candle, and the $78,306 barrier above decides whether it was the end of the pullback or a pause.