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Bitcoin drops below $85K as $550M in crypto positions liquidate amid market pressure

Market News
07 Oct 2026
AMBCrypto
View Source
Bearish
Bitcoin drops below $85K as $550M in crypto positions liquidate amid market pressure

Bitcoin fell below $85,000 after failing to break past $87,000, triggering over $550 million in liquidations, mostly from long positions. This price drop tested a key support range that has held since late September. If buyers defend the $85,000–$86,000 zone, Bitcoin could attempt another rise to $87,000; if it falls below $83,000, further declines toward $80,000 are likely. The liquidation wave also affected Ethereum and cooled market leverage, but sentiment remains cautiously bullish, with the Fear and Greed Index at 63. Market stability will be crucial to prevent further sell-offs or to rebuild confidence.

Bitcoin trades at Rp1.503.460.325 on Pluang as of Oct 07, 2026 15:31 WIB, down 1.98% in the last day. Ethereum also declined, priced at Rp46.757.797 with a 3.57% drop. Pluang users show a slight majority selling Bitcoin at 53%, reflecting cautious market sentiment.

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