Crypto Liquidations Hit $1.2B as Bitcoin and Ether Slump
Key Facts
A massive wave of liquidations totaling $1.2 billion hit the cryptocurrency market following sharp price declines in major assets. TokenPost reported that nearly 193,000 traders faced liquidations over a 24-hour period as the market slumped, with Bitcoin falling below $80,500 and Ether approaching $2,400 before a modest recovery.
The liquidations were triggered by a sharp selloff that forced the closure of leveraged positions across various exchanges. Price action on October 9, 2026, reflected high volatility and forced selling pressure, which is characteristic of significant corrections within the digital asset sector.
Latest Updates · 3
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Update: Selling pressure intensified as Bitcoin BTC dropped 7%, coinciding with U.S.-linked wallets shedding 17,468 BTC. Additionally, short-term holders moved 45,600 BTC to exchanges on October 9, 2026, further accelerating the market downturn.
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Update: Crypto-linked stocks faced selling pressure on October 9, 2026, with MSTR, COIN, MARA, RIOT, and CLSK all trading lower. This weakness in industry proxies occurred despite Bitcoin BTC stabilizing near the $84,000 mark following the initial liquidation wave.
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Update: Bitcoin BTC subsequently recovered to trade at $82,542 on October 9, 2026. While the price remains below short-term moving averages, it continues to hold above its 50-day and 200-day measures.