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Bitcoin drops below $84,000 as $83M in long positions liquidate in 24-hour sell-off

Market News
07 Oct 2026, 06:38 WIB
Tokenpost
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Bearish
Bitcoin drops below $84,000 as $83M in long positions liquidate in 24-hour sell-off

Bitcoin's price fell sharply below $84,000, reaching $83,551 on Coinbase amid a sudden market sell-off. This decline triggered the liquidation of $83 million worth of long positions within 24 hours, indicating significant trader losses and increased market volatility. The drop highlights the risks in the crypto market and may signal cautious trading ahead as investors react to rapid price changes.

Bitcoin trades at Rp1.506.758.382 on Pluang as of Oct 07, 2026 10:51 WIB, showing a 1.32% decline over the past day. Market activity on Pluang currently leans slightly towards selling, with 53% of orders in that direction. Typical Bitcoin holders on the platform maintain their positions for about 111 days, indicating a medium-term investment horizon among users.

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