Bitcoin drops to $80,400 as $91 million in long positions are liquidated
CIE News ·
Confirmed by 3 independent news outlets.
Bitcoin fell toward $80,400 on October 24, breaking below its 50-day moving average and triggering $91.19 million in long liquidations as energy prices and rate concerns weighed on markets.
Bitcoin (BTC) dropped toward the $80,400 to $80,500 range on October 24, 2026, falling below its 50-day simple moving average of $81,784. The downward move triggered $95.22 million in total cryptocurrency liquidations within a four-hour window, with long positions making up $91.19 million of that total.
Market analysts linked the sell-off to risk-off repositioning before the Federal Reserve's October 27–28 meeting and the Core PCE Price Index release, alongside rising energy costs. Brent crude reached an intraday high of $114.70 following supply concerns, maintaining expectations for another interest rate increase in December. CryptoSlate reported that Glassnode placed the average corporate Bitcoin treasury acquisition cost near $80,200, bringing corporate holdings near unrealized loss levels.
Key facts
- BTC dropped to $80,400
- $91.19M in longs liquidated
- Broke 50-day SMA of $81,784
- Corporate cost basis near $80,200
Read the original at BeInCrypto