Bitcoin Reclaims $83,000 After Crypto Liquidations Top $800 Million

Bitcoin (BTC) regained the $83,000 level after dipping under $81,000 during a broad liquidation event in crypto markets, even as more than $800 million in leveraged crypto positions were liquidated and South Korea’s benchmark stock index suffered a sharp decline.

The rolling 24-hour liquidation wave affected 170,209 traders. Long positions accounted for $686.72 million, or 84.5%, while short positions represented $126.19 million. Bitcoin recorded $192.14 million in liquidations, and Ether (ETH) recorded $180.5 million.

South Korea’s KOSPI closed at 6,035.35 on Oct. 13, down 348.89 points, or 5.46%. The close came at 2:30 a.m. ET (06:30 UTC), after the index fell as low as 5,911.11 during the session.

Semiconductor stocks led the decline. Samsung Electronics fell 7.39%, while SK Hynix dropped 10.09% as concerns over artificial-intelligence investment returns intensified alongside competition in memory chips.