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BreakingCrypto

Bitcoin Drops Below $84,000 Amid $487M Long Liquidations

First Detected: Oct 8, 2026, 4:12 AM
Last Update: 12 minutes ago
1 update

Event Summary

Bitcoin's price dropped from $85,300 to $83,550 within a 15-minute window on October 8. This decline was driven by the unwinding of leveraged long positions and an increase in bearish exposure. Total cryptocurrency liquidations reached $555.6 million over 24 hours, with long positions accounting for $487.2 million of that total.

Timeline

Latest developmentabout 8 hours ago

Bitcoin Falls Below $83,000 as Hawkish Fed Minutes and Oil Surge Weigh on Crypto

The crypto market saw $555.6 million in total liquidations over 24 hours as a rapid unwinding of leveraged long positions pushed Bitcoin prices down by $1,750 in just 15 minutes.

Read the full story

Key facts

  • Bitcoin price fell from $85,300 to $83,550 within 15 minutes due to the unwinding of leveraged long positions.
  • Total crypto liquidations reached $555.6 million over 24 hours, with leveraged longs accounting for $487.2 million.
  • Bitcoin price dropped from approximately $85,300 to $83,550 within a 15-minute window.
  • An increase in bearish exposure was identified alongside the unwinding of leveraged long positions.

Price Impact

Since event start
BTC-0.48%