On October 6, 2026, Bitcoin plunged over 5% intraday, dropping nearly $2,000 in about 20 minutes to its lowest level since April at around $67,895. This sharp decline triggered a cascade of liquidations, wiping out approximately $394 million in leveraged positions within an hour, mostly from long bets. The selloff was driven by a technical breakdown below key support levels, a small corporate sale by Strategy, and broader macroeconomic pressures including shifts toward AI stocks and fading hopes for Fed rate cuts. The event highlights the risks of crowded optimism in leveraged trading and raises questions about whether Bitcoin can regain lost support levels or if those levels will now act as resistance.
Bitcoin's recent sharp drop is set against a broader cryptocurrency market where 44 out of 50 major coins fell. For readers following this market, here is Pluang's snapshot as of Oct 07, 2026 09:21 WIB: AXS declined by 9.25% to Rp21.181, UNI dropped 8.16% to Rp147.655, while EOS rose 8.13% to Rp12.649. This data reflects a predominantly bearish trend among major cryptocurrencies on Pluang today.
Bittensor (TAO) experienced a sharp decline of 4.61% within one hour, falling from $306 to $292 as of October 6. Over the past 24 hours, TAO's price dropped 3.73%, with its market capitalization around $3.44 billion, ranking it 34th among cryptocurre...
Avalanche (AVAX) experienced a sharp 4.3% price drop within an hour, falling from $11.62 to $11.12 on October 6. This decline was accompanied by $760,000 in long liquidations across major exchanges, indicating that many traders betting on price incre...
The SUI cryptocurrency token fell from $1.17 to $1.13 within an hour, marking a 3.54% decline and extending its 24-hour loss to 5.20%. This price drop was recorded on Binance's spot SUI/USDT market. During the same hour, long liquidations across Bina...
Oil prices increased as attacks by Yemen's Iran-backed Houthis targeted Saudi airports in Jazan and Najran, raising concerns about crude supply disruptions from the Middle East. Despite recovering supplies, including 5.8 million barrels pumped throug...
Worldcoin (WLD) experienced a sharp price decline of 4.78% within one hour, falling from $0.5523 to $0.5259. This drop extended its total loss over the past 24 hours to 7.7%. The token is currently ranked 51st by market capitalization, valued at appr...
