Bitcoin experienced its largest long liquidation since June 2026, with over 14,505 BTC (about $1.17 billion) wiped out as the price fell below $84,000 between October 6-8, 2026. The sharpest drop occurred on October 6, when Bitcoin plunged from around $85,500 to $83,800 in 15 minutes, triggering $400 million in liquidations within an hour and affecting over 100,000 traders. Despite the large liquidation, this event is seen as a mechanical leverage flush rather than a major market shift, with open interest and funding rates indicating continued bullish leverage. This suggests traders remain optimistic about Bitcoin's prospects despite the recent volatility.
Bitcoin's recent long liquidation event provides context for the broader cryptocurrency market. For readers following crypto assets, here is Pluang's market snapshot as of Oct 09, 2026 00:32 WIB: out of 50 major cryptocurrencies, 45 fell and only 4 rose today. Notable movers include SAND with a 19.38% drop and a Pluang order activity of 69% Sell, MANA down 12.87% with 89% Buy activity, and AVAX down 12.31% with 61% Sell activity.
Mohawk Industries reported a 1% increase in net sales to $2.8 billion in Q3 2026, driven by growth in Global Ceramic and Flooring North America segments. Despite weak market demand causing a 4% volume decline, price increases and product mix improvem...
Dogecoin (DOGE) experienced a minor decline of 0.07% over 24 hours as of October 31, 2020. Trader Tardigrade identified a potential Three Drives pattern in DOGE's price movement, a technical indicator that could signal future price changes. This patt...
France's National Assembly passed an amendment to tax content providers like Netflix, Google, and Meta €0.055 per gigabyte of data sent to French internet users, potentially generating around €10 billion in revenue. The tax applies to all content pro...
MGM Resorts reported a 1% decline in Q3 revenue and an 8% drop in Las Vegas room rates, impacting profitability. However, MGM China gained market share, and BetMGM more than doubled its quarterly adjusted EBITDA to $86 million. People Inc. withdrew i...
Crypto analyst Archie noted that XRP's current chart pattern and RSI value of 39 closely resemble its setup in November 2024, which preceded a parabolic price increase. He identified an inverse head-and-shoulders pattern nearing completion on the two...
