Bitcoin's price surged past $86,000, triggering nearly $930 million in liquidations of leveraged crypto bets, mostly from traders betting against Bitcoin (shorts). Bitcoin shorts accounted for $455 million of the liquidations, while longs were about $53 million. Ethereum also saw significant liquidations with $173 million in shorts and $29 million in longs. Over 131,000 traders were forced out, including a single $11.29 million Bitcoin position on Binance. This sharp price move highlights the risks of leveraged trading and the strong bullish momentum in Bitcoin currently.
Bitcoin and crypto liquidations reached $930 million as BTC price crossed $86,000. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 21, 2026 23:51 WIB: 41 of 50 major cryptocurrencies rose today. Notable movers include EGLD up 15.70%, XNO up 12.04%, and BAL up 11.14%.
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Bitcoin surged above $86,000 for the first time in eight months, driving a rally in crypto-linked stocks like MicroStrategy, Coinbase, and Marathon Digital. This breakout triggered a $300 million short squeeze and shifted markets into a risk-on mode,...
