Bitcoin Hits $81,331 as Longs Make Up 93.7% of Liquidations

Bitcoin (BTC) touched $81,331 and Ether (ETH) fell below $2,400 on Thursday, as leveraged long positions made up 93.7% of crypto liquidations recorded for Oct. 22 UTC.

At 12:47 p.m. ET (16:47 UTC), BTC traded at $81,366, down 3.72% over 24 hours. Ether was at $2,383, down 5.1%. Bitcoin ranged from $84,789 to $81,331 during that period, a spread of about $3,458.

Crypto liquidations had reached about $221 million for Oct. 22 UTC by 12:55 p.m. ET (16:55 UTC). Long positions accounted for about $207 million. Bitcoin positions made up about $77 million of liquidations, and Ether positions about $67.68 million. The largest single liquidation was a $11.78 million Bitcoin long on Binance, closed at $83,526.

U.S. stocks were also lower at 12:55 p.m. ET (16:55 UTC): the Nasdaq was down 2.47%, the S&P 500 had fallen 1.3%, and the Dow was roughly flat. BlackRock's spot Bitcoin ETF, IBIT, was down 4.25% to $45.81; Coinbase fell 4.98% and Strategy dropped 5.6%.