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Bitcoin rebounds to $83,700 after $771M crypto liquidation amid South Korean stock selloff

Market News
13 Oct 2026
Unchained
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Neutral
Bitcoin rebounds to $83,700 after $771M crypto liquidation amid South Korean stock selloff

Bitcoin recovered to about $83,700 early Tuesday after dropping to around $81,200 following a $771 million crypto liquidation wave, mostly long positions. The dip coincided with a sharp selloff in South Korean stocks led by chipmakers Samsung Electronics and SK Hynix, which fell about 8% each amid concerns over China’s chip sector. Investors are now focused on the upcoming U.S. September inflation report, with hopes that a lower reading could support further Bitcoin gains. Analysts view the recent volatility as a recalibration rather than a reversal of Bitcoin’s bottom formation.

Bitcoin's recent price movement follows a $771 million crypto liquidation wave, mostly long positions. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 13, 2026 16:31 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell today. Notable movers include ALGO down 8.67% at Rp2.118 with a typical hold time of 130 days and a 24% sell order activity, EOS up 8.13% at Rp12.649 with a typical hold time of 87 days, and VET down 7.43% at Rp131 with a typical hold time of 147 days and a near-even sell/buy order split.

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