CryptoMediumUpdated×2•Originally published 24 October 2026•Updated 24 October 2026•
1 min read
Bitcoin Volatility Surges as Price Reclaims $80K Following Mass Liquidations
Key Facts
1Bitcoin price suddenly dropped below the $80,000 threshold, triggering a massive wave of liquidations.
2Total liquidations in the cryptocurrency market surged to approximately $670 million during this price action.
3Altcoins saw significant declines with Ethereum sliding further from $2,400 and Solana dipping below $100.
Bitcoin price recovered to reach $84,000 before retreating again toward the $81,000 level on October 24, 2026. This rebound followed a sudden drop below the $80,000 threshold that 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 · 1
- Notable·
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.