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CryptoMediumUpdated•Originally published 10 October 2026•Updated 10 October 2026•
1 min read

Bitcoin Drops Below $81,000 Triggering $1.09 Billion in Crypto Liquidations

Key Facts

1Bitcoin price fell below the $81,000 level, triggering the liquidation of $1.09 billion in crypto positions.
2Long positions accounted for approximately $1.05 billion of the total forced liquidations.

Bitcoin price fell below the $81,000 level, triggering the liquidation of $1.09 billion in crypto positions. TokenPost reported that long positions accounted for approximately $1.05 billion of the total forced liquidations, as traders betting on higher prices bore the brunt of the market move.

The sharp correction followed a period of sustained gains, catching leveraged traders off-guard as spot demand weakened. Reports indicated the price reached lows near $80,350 before showing signs of a partial recovery, amid broader pressure on risk assets.

Latest Updates · 1

  1. Notable·

    Update: Reports identified a massive $32.36 million short position surfacing on the Hyperliquid platform. This move by a 'whale' trader coincided with the anniversary of a historic market crash, adding further downward pressure to the current price action.