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A $32M Bitcoin short position opens near $82.9K, signaling cautious bearish bets amid mixed market signals.

Market News
10 Oct 2026
Bitcoin
View Source
Neutral
A $32M Bitcoin short position opens near $82.9K, signaling cautious bearish bets amid mixed market signals.

A trader on Hyperliquid has opened a significant short position of 391.48 BTC valued at $32.36 million near the $82,863 price level, using 13x leverage. This cautious bearish bet comes one year after a major liquidation event on Oct. 10, 2025, which erased billions in leveraged crypto bets. The trader's liquidation price is set around $99,801, about 20% above current Bitcoin prices, indicating patience rather than recklessness. Market sentiment remains mixed, with about $3.3 billion in shorts at risk if Bitcoin rises above $85,000, and Polymarket giving only a 27.5% chance of Bitcoin hitting $100,000 by the end of 2026.

Bitcoin trades at Rp1.478.144.653 on Pluang as of Oct 10, 2026 15:02 WIB, showing a slight 0.06% gain in the last day. Market activity on Pluang leans towards buying, with 70% of orders favoring purchases over 30% selling. Typical hold time for Bitcoin investors on Pluang is 111 days, indicating a medium-term investment horizon among users.

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