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Bitcoin long-position liquidations hit $11.98M as price dips slightly on Oct 7

Market News
07 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin long-position liquidations hit $11.98M as price dips slightly on Oct 7

On October 7, Bitcoin long-position liquidations surged to $11.98 million within an hour ending at 6:11 a.m. ET, accounting for over 99% of total liquidations worth $12.02 million. This spike occurred as Bitcoin's price dipped slightly from $83,908 to $83,858, a 0.06% decline. The data, collected from Binance, Bybit, and OKX, highlights significant forced closures among bullish traders but does not cover the entire market. This event signals cautious sentiment among Bitcoin investors amid minor price fluctuations.

Bitcoin long liquidations reached $11.98 million in one hour, providing context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 07, 2026 16:21 WIB: out of 50 major cryptocurrencies, only 5 rose while 44 fell. Notably, THETA dropped 7.39% to Rp3.948 with 100% sell orders, SUSHI fell 7.34% to Rp4.246 with 65% sell orders, and XTZ declined 7.17% to Rp5.538 with 95% sell orders, reflecting broad selling pressure across these assets.

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