Bitcoin's price climbed above $84,000, briefly reaching highs around $85,200, driven by a sharp rally that forced nearly $83 million in short positions to close. This liquidation event highlights how leveraged trading can amplify market volatility, as exchanges automatically buy Bitcoin to cover losses on short trades when collateral runs out. This follows a larger short liquidation on September 21, which saw $262 million wiped out in just one hour after Bitcoin broke above $84,000. The rapid price moves underscore the ongoing volatility in the crypto market and the risks of leveraged positions.
Bitcoin's recent price surge is notable amid a market where 35 of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 12, 2026 01:01 WIB: AVAX rose 3.43% to Rp193.915 with a typical hold time of 87 days and 71% buy orders; COTI increased 3.42% to Rp241 with 75% sell orders; GRT gained 3.28% to Rp502 with 77% sell orders.
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Bitcoin surged above $84,000, triggering nearly $83 million in short position liquidations as bearish traders were forced to exit. This price level has previously caused significant short squeezes, including a $262 million liquidation event in Septem...
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Bitcoin's price is holding near $83,770 after recovering from a low of $80,308, but it struggles to break above the $83,900 to $84,200 resistance zone. Short-term moving averages show mixed signals, while longer-term averages remain positive, indicat...
