Source-Backed Research

Bitcoin crosses 78,000 USDT, then retreats below 77,000

6 min

The short answer

Bitcoin crossed 78,000 USDT early on 4 November, then fell back below 77,000 USDT before this article's scheduled slot. Odaily reported an OKX quote of 78,006.3 USDT at 05:43 SGT and 76,999.9 USDT at 08:34 SGT. The difference between those two reported quotes is 1,006.4 USDT, about 1.29% of the earlier price.

The practical issue is the timestamp attached to a price alert. If you saved the breakout headline, review the current market and any order you placed around it before treating 78,000 as the price still available. The reports establish a move and reversal; they do not establish its cause.

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The rally headline and the later quote

Odaily's first report put the 24-hour change at a gain of 1.31%, using OKX market data. Its later report put the 24-hour change at a decline of 0.19%. Those percentages belong to their respective observation times. They should not be presented as competing estimates of one unchanged moment.

Odaily's early BTC report supplies the 78,006.3 USDT quotation. Its later report supplies the 76,999.9 USDT quotation. Both reports identify OKX as the underlying market-data source, so they are two observations from the same reporting chain.

The sequence is more useful than a headline that stops at the first crossing. The early alert describes what happened then. The later observation changes what a reader should inspect now. Someone returning to an old notification should check whether their order remains open, was executed or was cancelled, rather than assume the notification describes the present market.

An independent morning report places BTC between the two

ChainCatcher's morning report, published at 08:00:11 SGT, listed Bitcoin at US$77,454, up 0.8% over its preceding 24-hour window. It gave a high of US$78,063 and a low of US$76,389. These are the values in the report's market-data paragraph, rather than the live ticker ribbon displayed elsewhere on the page.

ChainCatcher's morning market report provides a separate published observation. Its quoted price lies between the two Odaily prices, and its reported high is above 78,000. That supports the broad picture of a morning move through the level followed by a retreat. It does not make its dollar quotation identical to an OKX BTC-USDT execution price.

Keep the instrument labels attached to the figures. Odaily identifies a BTC quote in USDT on OKX. ChainCatcher labels its Bitcoin quotation in dollars. The reports do not justify calculating an arbitrage opportunity between them. They describe different observations with different timestamps and source presentation.

For readers following several applications, write down the exchange, pair and observation time alongside the number. Comparing a dollar-labelled news snapshot with a USDT order ticket without those details can create an apparent discrepancy that the available reports do not explain.

What the arithmetic measures

Subtracting the later Odaily quote from the earlier one gives 78,006.3 − 76,999.9 = 1,006.4 USDT. Dividing that difference by 78,006.3 gives approximately 1.29%. This is the change between two published observations. It is not a full-day loss, a realised trading result or a claim that the market moved in a straight line between them.

The difference between ChainCatcher's reported high and low is US$1,674: US$78,063 − US$76,389. That is the width of the reported range. Dividing it by the low would answer a different question from comparing the two Odaily observations, so the figures should not share a single percentage label.

A trader's account result would require the actual entry, quantity, exit and applicable charges. None of those personal inputs appears in the news reports. Use the arithmetic here to understand the scale of the observed price change, then use your own order records for any account calculation.

Review orders attached to the earlier alert

Open the BTC market you actually use and confirm its pair before looking at the price. A BTC-USDT spot quote is the named instrument in Odaily's reports. Do not transfer the reported percentage to a different contract and assume it measures the same thing.

Next inspect orders submitted after the early notification. Read their current status and execution record. If an order remains open, compare its limit price and quantity with your original intention. If it was filled, save the execution information before deciding whether to place another order. These are review steps, not a recommendation to buy or sell at either published level.

Readers using contracts should also inspect the contract's displayed reference prices and their own position details. The news sources opened here do not verify an individual account's liquidation price or establish that a liquidation wave caused the reversal. A falling quote alone cannot supply either conclusion.

The funding board and liquidations page are separate reader tools. Open them for their own current observations if those measures matter to your position. This article does not attach an unverified funding rate or liquidation amount to the price reports.

The missing explanation stays missing

Neither Odaily price item gives a cause for the move. ChainCatcher's page includes other news, but co-location in a morning roundup does not show that one item caused the BTC reversal. We therefore do not attribute the price change to a political result, an exchange incident or a specific trader.

The available reports also do not identify a wallet that sold, a net exchange flow or the order-book depth at the two quoted moments. Adding those explanations would require additional evidence. A price threshold can make an event easy to describe while leaving the mechanism unresolved.

For a reader, the consequence is concrete: separate the reported price sequence from any causal story attached to it in a message. Ask whether that message links to a source that actually supports the explanation. The two price alerts are sufficient to check timing; they are insufficient to verify a narrative about who moved the market.

The direct OKX snapshot after the reports

We also opened OKX's public BTC-USDT spot ticker. Its timestamp was 08:45:08 SGT, with a last price of 76,932.2 USDT, a 24-hour opening price of 77,137.5 USDT, a high of 78,066.3 USDT and a low of 76,386 USDT. This is a direct exchange observation after both Odaily reports, and it also places the last price below 77,000.

The snapshot is distinct from ChainCatcher's dollar-labelled range. Preserve the OKX instrument and timestamp when comparing them. The API observation supports the direction of the reported retreat; it does not establish that every trade between the two news reports followed a particular path.

On OKX, select BTC-USDT in the spot market and inspect the order history associated with the early alert. Compare the order's actual execution record with the time of the notification. For an active order, read the current limit and quantity before deciding whether it still represents your intended instruction. The OKX profile is the site's reader page for venue information; the timestamped figures above come from the public market ticker opened for this report.

Quick answers

Did Bitcoin reach 78,000 USDT?

Odaily reported 78,006.3 USDT on OKX at 05:43 SGT. ChainCatcher later reported a morning 24-hour high of US$78,063. These observations support the crossing, with their original instrument labels preserved.

Was it still above that level at the later observation?

No. Odaily reported 76,999.9 USDT at 08:34 SGT. A current order decision requires a fresh quote from the market you actually use.

Does the 1.29% calculation describe the daily change?

It describes the difference between the two Odaily quotes relative to the earlier one. The reports' own 24-hour changes were +1.31% and −0.19% at their respective times.

What should I inspect first?

Check the market pair, the quote's timestamp and any order placed around the first alert. Then read the order's actual status and execution details before using a news price in an account calculation.

Sources

04
  1. OdailyBTC突破78000 USDT,24H涨幅1.31%
  2. OdailyBTC跌破77000 USDT,24H跌幅0.19%
  3. ChainCatcherMorning market report
  4. OKXBTC-USDT public spot ticker at 08:45:08 SGT · okx.com
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