Bitcoin Volatility Surges as Price Reclaims $80K Following Mass Liquidations
Key Facts
Bitcoin price recovered to reach $84,000 before retreating again toward the $81,000 level on October 24, 2026. This rebound followed a drop to $79,146, marking its lowest level in more than a month, which triggered a massive wave of liquidations across the cryptocurrency market.
CryptoPotato reported that total liquidations surged to approximately $670 million during this period of high volatility as leveraged positions were forcibly closed. Altcoins saw significant declines during the dip, with Ethereum sliding from $2,400 and Solana breaking below the $100 level.
Latest Updates · 5
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Update: Bitcoin hit a local floor of $79,750 on October 24, 2026, driven by geopolitical concerns in the Middle East. This decline coincided with a retreat by institutional investors during the trading session.
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Update: Bitcoin's sharp decline below the $80,000 mark on October 24, 2026, coincided with notable outflows from spot ETFs. Geopolitical concerns regarding Iran further intensified selling pressure during the market dip.
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Update: Renewed geopolitical concerns in the Middle East pressured Bitcoin below the $80,000 mark on October 24, 2026. This move triggered $219 million in long liquidations within a single hour, including a single BTC position liquidation valued at $11.84 million.
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Update: Additional data revealed that $200 million in positions were liquidated within a single hour during the volatility on October 24, 2026. The pressure was almost entirely concentrated on long positions, which accounted for $191.33 million of those liquidations.
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Update: Long liquidations on Binance, Bybit, and OKX totaled $45.14 million within a single hour. This occurred as Bitcoin's price reached a low of $79,302 on October 24, 2026.