The cryptocurrency market experienced $932 million in forced liquidations overnight, the largest since August, with XRP, DOGE, and NEAR among the hardest hit. Most losses (84.3%) were from long positions, especially in Ethereum and Bitcoin. Despite the sharp drop, Bitcoin held key support levels, triggering a quick recovery and a short squeeze that pushed prices back up. This event is seen as a market cleansing rather than a trend reversal, with mid-term optimism still intact among traders.
Despite the overnight $932 million liquidation event, Bitcoin on Pluang trades slightly higher at Rp1.476.432.651 with a 0.89% gain as of Oct 15, 2026 23:21 WIB. XRP shows a modest increase of 0.44% at Rp23.911, while Dogecoin is down 1.36% at Rp1.452. NEAR stands out with a 5.38% rise, trading at Rp91.696, reflecting varied recovery dynamics across these assets.
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