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Bitcoin drops to $82.5K as $2.4B in crypto long positions liquidate amid market turmoil

Market News
10 Oct 2026
Crypto Briefing
View Source
Bearish
Bitcoin drops to $82.5K as $2.4B in crypto long positions liquidate amid market turmoil

Bitcoin's price fell from about $85.7K to $82.5K, triggering over $2.4 billion in liquidations mostly on long positions. The decline coincided with rising US Treasury yields above 5.3%, higher oil prices, and significant outflows from Bitcoin ETFs, reflecting broader market stress. Despite the sell-off, total open interest in futures remained steady near $150 billion, indicating no full market capitulation. Traders are now watching key support levels around $82,500 for signs of recovery or further decline.

Bitcoin's recent price movement is noted here alongside Pluang's cryptocurrency market data for context. For readers following crypto markets, as of Oct 10, 2026 13:51 WIB, 32 of 50 major cryptocurrencies on Pluang rose while 17 fell. Among notable movers, ADA (Cardano) increased 5.11% to Rp4.502 with a typical hold time of 126 days and 78% buy order activity; FIL (Filecoin) rose 4.94% to Rp20.657 with a 99-day hold time and balanced sell/buy orders; CAKE (PancakeSwap) gained 4.81% to Rp40.391 with a 75-day hold time and 74% buy orders.

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