# Bitcoin Briefly Reaches $85,600 as $55 Million in Shorts Liquidate

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/25928
Published: 2026-09-30T17:53:10.000Z
Updated: 2026-09-30T17:53:10.000Z
Section: Investing

> Bitcoin later fell to $84,350 after the move. Derivatives markets also liquidated $27 million in long positions over the same four-hour period.

Bitcoin (BTC) briefly rose to $85,600 Wednesday after the release of U.S. August personal consumption expenditures (PCE) inflation data before falling to $84,350.

The move followed the release of the PCE data.

Over the four hours after the release, derivatives markets liquidated $55 million in short positions, which are bets that an asset will decline. Long positions worth $27 million were also liquidated during the period.