Bitcoin fell below $80,000 as crypto liquidations hit $291 million in one hour ending Oct. 24, with long positions responsible for $274 million of the total. Long positions, which bet on price increases, were nearly 16 times more liquidated than short positions, indicating heavy losses for bullish traders. Bitcoin and Ether together accounted for over half of the liquidations, with $86.79 million and $69.8 million respectively. This sharp liquidation event highlights volatility and risk in the crypto market.
Bitcoin's sharp drop below $80,000 coincided with a crypto liquidation surge of $291 million in one hour. For readers following cryptocurrency market trends, here is Pluang's market snapshot as of Oct 24, 2026 22:21 WIB: out of 50 major cryptocurrencies priced on Pluang, only 3 rose while 46 fell. Notable movers include EOS with a 1-day change of +8.13% at Rp12.649, SushiSwap down 7.95% at Rp3.575 with 79% buy order activity, and Enjin Coin down 7.42% at Rp447 with 89% buy order activity and typical hold times over 100 days.
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