Bitcoin fell below $84,000 after $487 million worth of leveraged long positions were liquidated within 24 hours, accounting for most of the $555.6 million total crypto liquidations. The drop followed profit-taking and high leverage buildup, making the market vulnerable to deleveraging. Analysts suggest that holding support around $82,000 to $83,000 could be constructive, especially after Bitcoin's 40% gain in Q3 and significant ETF inflows. Ether also declined about 3.4% during this period.
Bitcoin's recent drop below $84,000 followed $487 million in leveraged long liquidations within 24 hours. For readers following cryptocurrency market trends, here is Pluang's market snapshot as of Oct 07, 2026 16:21 WIB: out of 50 major cryptocurrencies, 44 fell and only 5 rose. Notable movers include BAL (Balancer) up 11.14% at Rp16.297, DOT (Polkadot) down 9.58% at Rp19.954 with 70% sell order activity, and ENJ (Enjin Coin) down 9.51% at Rp540 with 69% sell order activity.
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On October 7, 2026, approximately $608 million in leveraged crypto positions were liquidated, with Ether longs suffering the majority of losses. The largest single liquidation was a $26.64 million position on Binance's ETHUSDC pair. This event was dr...
