Bitcoin Rebounds Above $82,000 as Crypto Liquidations Top $937 Million

Bitcoin (BTC) moved back above $82,000 on Oct. 15 after briefly falling below $80,000, while a noon ET snapshot showed $937.06 million in crypto liquidations over the prior 24 hours.

BTC traded at $82,400.81 at noon ET (16:00 UTC), within a 24-hour range of $79,805.99 to $82,435.98. The liquidation tally covered 176,058 traders. Long positions accounted for $787.18 million, compared with $149.88 million for short positions.

Bitcoin-specific liquidations totaled $214.66 million, with long positions making up 80.5%. Long positions generally benefit from rising prices, while short positions generally benefit from falling prices. In leveraged futures trading, a venue may close a position if its collateral falls below the required maintenance margin.

The move followed Bitcoin’s earlier drop below $82,000 as liquidations neared $800 million. On Oct. 15, the U.S. Bureau of Labor Statistics (BLS) released September’s Producer Price Index at 8:30 a.m. ET (12:30 UTC). Final-demand prices rose 1.3% for the month and 6.3% over the 12 months ending in September. The monthly increase was the largest since March 2022, while the annual increase was the largest since December 2022.