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Bitcoin drops 1.23% in one hour with $45M in long liquidations across major exchanges

Market News
24 Oct 2026
Tokenpost
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Bearish
Bitcoin drops 1.23% in one hour with $45M in long liquidations across major exchanges

Bitcoin's price fell 1.23% within one hour to $79,302 on Binance, marking a 2.72% decline over the past 24 hours. During this period, long liquidations across Binance, Bybit, and OKX totaled $45.14 million, significantly outweighing short liquidations of $550,000. This sharp drop highlights increased selling pressure and market volatility in the cryptocurrency space. Investors should watch for further price movements as liquidations suggest potential shifts in market sentiment.

While Bitcoin dropped 1.23% in one hour on Binance, on Pluang it shows a similar 2.70% decline over the past 24 hours as of Oct 24, 2026 22:42 WIB, trading at Rp1.434.521.506. This places Bitcoin near the upper end of its supply with 96% of the total 21 million BTC circulating. Pluang's order activity leans more towards buying at 64%, contrasting with the selling pressure noted in the article.

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