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Bitcoin price tops $84K, wiping out $188M in crypto shorts in a sharp short squeeze.

Market News
21 Oct 2026
Bitcoin
View Source
Bullish
Bitcoin price tops $84K, wiping out $188M in crypto shorts in a sharp short squeeze.

Bitcoin surged past $84,000 on October 21, 2026, triggering a massive short squeeze that liquidated $188 million in bearish crypto positions, mostly on Binance. Over 71,000 traders were forced out of leveraged bets as Bitcoin approached $84,700, pushing prices higher amid strong buying pressure. Despite this rally, Bitcoin faces resistance between $84,000 and $85,000, with the next key levels at $86,500 on the upside and $82,000 on the downside. The market awaits the Federal Reserve's upcoming policy decision, which could influence Bitcoin's direction further.

As of October 21, 2026, 22:52 WIB, Bitcoin trades at Rp1.518.001.600 on Pluang, showing a 1.95% gain over the day. Binance Coin is priced at Rp13.500.000 with a 2.10% increase in the same period. Pluang order activity for Bitcoin favors selling at 66%, indicating cautious sentiment despite the recent price surge.

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