Bitcoin Reclaims $82,000 After More Than $1.1 Billion Liquidated

Bitcoin (BTC) recovered above $82,000 on Oct. 9 after falling to roughly $80,300–$80,400 on Oct. 8, as forced closures swept leveraged crypto positions and erased more than $1.1 billion.

Two 24-hour market snapshots placed total crypto liquidations at $1.12 billion as of 1:15 p.m. ET (17:15 UTC) Oct. 8 and $1.16 billion as of 4:19 p.m. ET (20:19 UTC). The snapshots covered 187,006 and 191,736 traders, respectively.

Long positions accounted for about $1.04 billion to $1.05 billion of the total, showing that bets on higher prices absorbed most of the losses. In the earlier snapshot, Ether (ETH) represented $318.30 million of liquidations, compared with $286.15 million for Bitcoin.

Bitcoin later reached $82,536.13 on Oct. 9 in one composite price index. U.S. spot Bitcoin ETFs also recorded $484.9 million in net outflows on Oct. 7, though the figures do not establish that ETF selling triggered the liquidation wave.

Liquidations are forced closures of leveraged positions after losses consume a trader’s margin, which can intensify declines as positions are closed into weakness.