Bitcoin hits $84,898 as $267 million in crypto liquidations strike market
CIE News ·
Confirmed by 2 independent news outlets.
Bitcoin climbed to an intraday high of $84,898 between Oct. 21 and Oct. 22, triggering $267.49 million in total liquidations as short sellers lost $208.49 million.
Bitcoin (BTC) climbed from an intraday low of $82,635 to reach a high of $84,898 between late Oct. 21 and early Oct. 22, 2026. The asset changed hands at $84,539.61 at 8:25 p.m. UTC on Binance, according to crypto.news. Alongside a 2.44% increase in Ethereum (ETH) to $2,493, the broader digital asset market capitalization gained 2.2% to reach $2.9 trillion.
The price surge triggered $267.49 million in total liquidations over 24 hours across the crypto market, affecting 78,592 traders, according to CoinGlass figures. Short sellers bore the brunt of the market movement, making up $208.49 million, or 78.3%, of the wiped positions.
Bitcoin contracts accounted for $78.42 million of the liquidations, while Ethereum positions accounted for $47.99 million. The largest single liquidation was an $8.74 million ETH short contract on Binance, as reported by Bitcoin.com News.
Key facts
- BTC reached $84,898 high
- $267.49M total liquidations
- Shorts lost $208.49M
- 78,592 traders liquidated
Read the original at crypto.news