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Bitcoin drops 2% in one hour, long liquidations exceed $62M on major exchanges

Market News
06 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin drops 2% in one hour, long liquidations exceed $62M on major exchanges

Bitcoin's price fell sharply by 2% within an hour, dropping from $85,452 to $83,744. This decline extended its 24-hour loss to 2.16%, driven by over $62 million in long-position liquidations across Binance, Bybit, and OKX. In contrast, short liquidations were minimal at $190,000. This significant sell-off indicates increased market volatility and could impact trader strategies moving forward.

Bitcoin's recent price drop provides context for cryptocurrency market activity on Pluang. As of Oct 07, 2026 09:21 WIB, 44 out of 50 major cryptocurrencies on Pluang declined today. Notable movers include ZIL with a 7.13% loss, FIL down 6.62%, and BAT falling 5.97%.

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