Bitcoin slides toward $82.5K as over $2.4 billion in crypto liquidations hit longs

Over $2.4 billion in crypto positions were liquidated this week as Bitcoin fell from $85.7K to $82.5K. Most of the damage landed on traders betting the price would go up. The sell-off arrived during a rough stretch for markets in general, with bond yields climbing, oil getting expensive and money leaving Bitcoin ETFs. How the week unfolded In early October 2026, Bitcoin dropped from near $86,600 to intraday lows of approximately $80,350. Bitcoin pulled back from highs near $87,350 to lows of approximately $80,350–$82,900, depending on the session. By October 9–10, the price had partly recovered to around $82,500. Individual 24-hour sessions saw between $696 million and over $1.2 billion in positions wiped out. Added up across the week, the total cleared $2 billion. The figure in the original report puts it at over $2.4 billion. Long positions made up roughly 85%-93% of liquidations over several days. In single sessions, the forced closures hit somewhere between 100,000 and 180,000 traders. The broader market felt it too. Total crypto market capitalization dropped roughly $110 billion within 36 hours during the downturn. The macro backdrop and the ETF exits US Treasury yields climbe...