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Bitcoin rebounds above $84K amid heavy futures liquidations and South Korean tech selloff

Market News
13 Oct 2026, 15:17 WIB
Tokenpost
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Bearish
Bitcoin rebounds above $84K amid heavy futures liquidations and South Korean tech selloff

Bitcoin briefly fell below $81,000 before recovering above $84,000, with a notable $814 million in crypto-futures liquidations in 24 hours, mostly from long positions. The drop coincided with a sharp 5.46% decline in South Korea's KOSPI index, driven by heavy losses in tech stocks like Samsung Electronics and SK Hynix amid concerns over AI investment profitability and competition from Chinese chip makers. While the timing aligns, no direct causation between Bitcoin's drop and the Korean market selloff is confirmed. Market attention now shifts to upcoming U.S. bank earnings from JPMorgan Chase, Citi, and Goldman Sachs.

Bitcoin price movements and recent market volatility are shown here with Pluang data as of Oct 13, 2026 18:43 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell. Notable movers include VET (VeChain) down 7.65% at Rp130 with a typical hold time of 147 days and a nearly balanced order activity of 48% sell to 52% buy, THETA (Theta Network) down 7.36% at Rp3.688 with 100% buy order activity and a hold time of 77 days, and ZIL (Zilliqa) down 7.09% at Rp61 with 82% sell order activity and a hold time of 133 days. The most notable figure is the 7.65% decline in VET.

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