Crypto liquidations top $1.3B as Bitcoin falls below $80,000
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Around $1.3 billion in positions were liquidated over 24 hours as Bitcoin dropped under $80,000, while daily crypto trading volume surged 84.35% to $68.42 billion.
Roughly $1.3 billion in leveraged cryptocurrency positions were liquidated over a 24-hour period as Bitcoin (BTC) slipped beneath the $80,000 level, according to crypto.news. BTC fell from around $84,800 to an intraday low between $79,100 and $79,343.66, while Ethereum (ETH) dropped to an intraday low of $2,301 before rebounding to $2,327.27.
Global cryptocurrency trading volume increased 84.35% over 24 hours to $68.42 billion, while total market capitalization fell 0.61% to $2.68 trillion, according to CoinMarketCap data cited by crypto.news. Bitcoin's market dominance stood at 60.0%, with the Fear and Greed Index registering 43.
Institutional flows also experienced volatility, with spot Bitcoin ETFs seeing $774 million in withdrawals following $1.075 billion in inflows earlier in the week, crypto.news reported. Admiralmarkets.com noted that broader liquidations were linked to margin calls stemming from equity losses and macroeconomic pressures, with CME FedWatch pricing a 90.6% probability that the Federal Reserve will hold interest rates steady on October 28, 2026.
Key facts
- $1.3B liquidated in 24 hours
- BTC dropped below $80,000
- 24h volume rose 84.35% to $68.42B
- Market cap fell to $2.68T
Read the original at crypto.news