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Bitcoin drops below $84,000, triggering $400M in leveraged long liquidations across crypto markets

Market News
07 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin drops below $84,000, triggering $400M in leveraged long liquidations across crypto markets

Bitcoin sharply fell below $84,000, dropping $1,600 in about 15 minutes and causing over $400 million in liquidations of leveraged long positions. This rapid decline pressured major cryptocurrencies, with Ether down 3.5%, XRP down 2.7%, BNB down 2.3%, and Solana down 1.9%. The sell-off highlights how falling prices in derivatives markets can force leveraged traders to exit, amplifying market declines. This event underscores the volatility and interconnected risks in crypto trading.

Bitcoin trades at Rp1.504.460.261 on Pluang as of Oct 07, 2026 12:02 WIB, down 1.85% in the last day. XRP and BNB also show declines, with XRP down 2.37% at Rp26.191 and BNB down 1.93% at Rp13.685.350. These figures reflect ongoing selling pressure on major cryptocurrencies during a volatile period for the market.

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