UPDATE: Bitcoin slides up to 2.4% following rejection after $84,808 peak
CIE News ·
Update to Bitcoin hits $84,898 as $267 million in crypto liquidations strike market
Confirmed by 2 independent news outlets.
Bitcoin fell as much as 2.4% after hitting an overnight high of $84,808, prompting $243.04 million in crypto liquidations as market cap slipped to $2.78 trillion.
Bitcoin (BTC) dropped as much as 2.4% on October 22, 2026, trading between $81,792 and $82,700 following a rejection from an overnight peak of $84,808. As previously reported, the pullback followed an earlier surge toward $84,898 that had sparked liquidations among short sellers.
The broader market slid alongside BTC, pushing the total crypto market capitalization down to $2.78 trillion. Ethereum (ETH) dropped 2.2% to trade between $2,431 and $2,470, while Solana (SOL) fell approximately 3% and XRP slipped to $1.33.
Data from Coinglass showed that 24-hour crypto liquidations reached $243.04 million across 71,223 traders, with short squeezes making up $188.14 million of the wiped positions. A single whale trader lost 121.33 BTC, worth about $9.91 million. Orbit Markets co-founder Caroline Mauron noted that weakness in equity markets drove Bitcoin back toward its recent range.
Key facts
- BTC dropped up to 2.4%
- $243.04M total liquidations
- $9.91M BTC whale liquidation
- Market cap fell to $2.78T
Read the original at Bitcoin.com News