UPDATE: Bitcoin drops to $79,300 as $154M in crypto liquidations hit market
CIE News ·
Update to Bitcoin drops nearly 2% below $80,000 as traders cut risk before Fed meeting
Confirmed by 2 independent news outlets.
Bitcoin reached an intraday low of $79,300 as crypto liquidations reached $154.2 million, with bullish long positions accounting for roughly 74% to 80% of forced closures.
Bitcoin (BTC) dropped to an intraday low under $79,300 on October 26, 2026, breaking below its 50-day exponential moving average near $80,787 as traders faced widespread liquidations. As previously reported, BTC slid below $80,000 as investors de-risked prior to the Federal Reserve policy meeting scheduled for October 27–28. The slide reduced the total cryptocurrency market capitalization by 2.5% to $2.74 trillion, triggering between $117 million and $154.2 million in total liquidations over 24 hours. Long positions represented 74% to 80% of the liquidations, with CoinGlass reporting $117.99 million in wiped bullish trades affecting more than 62,000 market participants.
Key facts
- BTC hit low under $79,300
- $154.2M liquidated in 24 hours
- 74% to 80% were long positions
- 62,000 traders affected
Read the original at Investing.com