Bitcoin drop below $82,000 spurs over $400 million in crypto liquidations
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Bitcoin fell toward $80,989 on October 23, 2026, triggering between $406 million and $435.53 million in total market liquidations, with long positions accounting for over $400 million.
Bitcoin (BTC) dropped toward intraday lows between $80,989 and $81,411 on October 23, 2026, after retreating from an earlier range of $84,000 to $84,778. The market downturn triggered between $406 million and $435.53 million in total forced liquidations across the cryptocurrency sector over a 24-hour period, according to data from CoinGlass and CoinMarketCap. Long positions made up the vast majority of the closures, totaling an estimated $400.58 million to $418 million.
The widespread liquidations affected between 89,596 and 102,764 trader accounts across derivatives exchanges, with crypto.news reporting that the largest individual liquidation took place on Hyperliquid for a BTC-USD position valued at $7.93 million. Alongside the move in BTC, Ethereum (ETH) prices declined by about 1% to trade between $2,391 and $2,401, bringing the total cryptocurrency market capitalization down 0.7% to $2.839 trillion.
The price decline coincided with significant institutional capital withdrawals. Spot Bitcoin exchange-traded funds in the United States recorded $635.49 million in net outflows on October 22, 2026, halting a three-session streak of inflows, according to crypto.news.
Key facts
- Over $400M in longs liquidated
- BTC dropped toward $80,989
- 89,596 to 102,764 accounts hit
- $635.49M in spot ETF outflows
Read the original at CoinMarketCap