On October 8, the cryptocurrency market experienced a wave of liquidations totaling approximately $1.14 billion within 24 hours, driven mainly by leveraged long positions. Ether accounted for the largest share of these liquidations at around $333 million, followed by Bitcoin long positions at about $270 million. The selloff pushed Bitcoin below $81,000 and Ether down 5.7% to $2,413.37, reflecting significant market volatility. These liquidation figures represent the forced closure of leveraged positions due to insufficient collateral, impacting nearly 188,000 traders but do not indicate the actual cash leaving the market.
Bitcoin's market cap stands at Rp29.554,61 trillion as of October 9, 2026, 11:21 WIB, with a 24-hour trading volume of Rp818,92 trillion on Pluang. Despite the recent liquidation wave reported in the news, Bitcoin's price on Pluang shows a modest 0.31% decline to Rp1.474.156.079, while the platform's order activity favors buying at 76%. This data highlights ongoing investor interest and trading activity even amid significant market volatility.
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