CryptoMedium•9 October 2026•
1 min read
Crypto Liquidations Hit $1.2B as Bitcoin and Ether Slump
Key Facts
1Nearly 193,000 traders faced liquidations over a 24-hour period as the market slumped.
2Bitcoin fell below $80,500 and Ether approached $2,400 before a modest recovery.
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.