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Bitcoin falls below $83K amid crypto selloff, liquidations, and rising oil, yields, and dollar pressure

Market News
07 Oct 2026
Coinpaper
View Source
Bearish
Bitcoin falls below $83K amid crypto selloff, liquidations, and rising oil, yields, and dollar pressure

Bitcoin dropped below $83,000 after a sharp selloff erased hundreds of millions in leveraged bullish positions, driven by $550 million in liquidations mostly from long bets. Institutional outflows from U.S. spot Bitcoin ETFs removed buying pressure, while rising oil prices, higher U.S. Treasury yields, and a stronger dollar tightened macro conditions against crypto. The break below $83,000 shifts focus to $82,000 and $80,000 as key support levels, signaling potential further declines in the near term.

Bitcoin price movements provide context for cryptocurrency trends on Pluang. As of Oct 07, 2026 21:23 WIB, 5 out of 50 major cryptocurrencies rose while 43 fell. Notable movers include UNI at Rp141.157 with a -11.00% change, AXS at Rp20.800 down 9.61%, and SUSHI at Rp4.173 down 9.21%.

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