Crypto long liquidations top $406 million as Bitcoin slips below $82,000
CIE News ·
Bitcoin fell below $82,000 on October 12, 2026, triggering over $406 million in long liquidations. Ethereum and Bitcoin accounted for the bulk of the market wipeouts across exchanges.
Cryptocurrency markets experienced sharp downward volatility on October 12, 2026, as Bitcoin (BTC) dropped below the $82,000 threshold after trading near $84,254. Bitcoin.com News reported that the slide wiped out $488.61 million in leveraged positions over 24 hours, with long traders suffering $406.48 million of the losses across 118,142 affected accounts.
Ethereum (ETH) led asset liquidations with $115.19 million, while BTC followed with $106.61 million, according to data cited by Bitcoin.com News. Solana (SOL) accounted for $26.97 million, with total crypto market capitalization hovering between $2.82 trillion and $2.90 trillion during the session. Binance accounted for 52.3% of the liquidations, including a single $9.65 million BTC long position closed at $81,772.
The decline followed roughly $680 million in weekly net outflows from U.S. spot Bitcoin exchange-traded funds between October 5 and October 9, 2026. The 10-year U.S. Treasury yield rose toward 5.3%, while U.S. consumer price index data is scheduled for release on October 14, 2026.