Bitcoin showed resilience following the recent Binance hack, according to Matt Cole, the CEO of Strive, as highlighted in Cointelegraph’s update on October 31, 2026. Despite the high-profile security breach at Binance, Cole maintained his long-term confidence in Bitcoin but refrained from predicting that the cryptocurrency had reached its lowest point in the current downturn.
Strive CEO’s market view after Binance breach
Matt Cole leads Strive, a digital asset management company known for its focus on long-term investment strategies. Cole stated that, from his perspective, Bitcoin performed better than expected in the immediate aftermath of the Binance hack. However, he emphasized that it remains premature to identify a definitive market bottom for Bitcoin amid ongoing uncertainties.
Cole’s outlook distinguishes between his sustained optimism for Bitcoin’s future and his caution against interpreting short-term market movements as reliable turning points. This nuanced position aligns with the view that price stability after a setback does not automatically signify the end of a correction period.
Cole sees Bitcoin’s resilience in the face of the Binance incident as encouraging for long-term holders, but urges investors not to conclude that the worst is over until further evidence emerges from broader market movements.
Cointelegraph published this perspective at 15:26 UTC on October 31, offering it as part of ongoing coverage of the market’s reaction to the hack.
Mini dictionary: Strive is an asset management firm specializing in digital assets and emphasizes strategic, long-term investment approaches in the cryptocurrency sector.
Market performance and sentiment after incident
A market snapshot from CoinGecko at 19:13 UTC on the same day showed that Bitcoin had increased by 1.48% over the previous 24 hours. However, it had declined by 3.32% over the week and 8.54% in the past month. Similarly, Ethereum and BNB posted gains for the day but remained in negative territory over both weekly and monthly time frames.
| Asset | Price | 24-hour change | 7-day change | 30-day change |
|---|---|---|---|---|
| Bitcoin | $77,565 | +1.48% | -3.32% | -8.54% |
| Ethereum | $2,255.62 | +1.12% | -2.90% | -16.43% |
| BNB | $707.39 | +1.63% | -2.46% | -8.39% |
The positive daily moves were not unique to Bitcoin, as both Ethereum and BNB also demonstrated short-term gains. These figures capture a single trading day and do not necessarily indicate a full recovery or shift in broader market sentiment.
On the same date, the Crypto Fear & Greed Index by Alternative.me was registered at 30, classified as Fear. This reading suggests investors remained cautious, reflecting a more subdued outlook despite the brief upward price movement.
Data limitations and what remains unknown
Available information did not include when the Binance breach occurred, the scale of any losses, or its direct effects on customer access to funds. There was also no indication of when or how corrective measures might have been implemented at Binance following the incident.
The published market data provide only a static snapshot and do not clarify the relationship between the hack and subsequent price activity. Cole’s qualitative assessment that Bitcoin held up better than expected cannot be cross-checked against a public numerical forecast, and should be understood as a professional judgment rather than a measurable target.
A single day of positive price action, even after adverse news, is not enough to confirm the end of a correction or resolve concerns about further volatility.
No conclusions can be drawn from this data alone about operational risks, customer impact, or the likelihood of further market swings. The broader declines over the week and month remain relevant as investors assess both sentiment and risk in the crypto sector.
