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Bitcoin drops below $85K amid $555M crypto leveraged position liquidations

Market News
07 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin drops below $85K amid $555M crypto leveraged position liquidations

Bitcoin fell below $85,000 after failing to surpass $87,000, triggering a wave of leveraged position liquidations totaling $555.6 million across major cryptocurrencies. Most forced closures were long positions, with $487.2 million liquidated, indicating a significant sell-off by bullish traders. Ether saw the highest liquidation amount at $176.2 million, followed by Bitcoin at $144.67 million. Despite the sell-off, market sentiment remains in greed territory with the Fear and Greed Index at 63, suggesting cautious optimism as the market adjusts to the leverage reset.

Bitcoin price action is the subject, with market data for context. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 07, 2026 15:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 5 rose and 44 fell today. Notable movers include SXP (Solar) down 46.27%, BAL (Balancer) up 11.14%, and SAND (The Sandbox) up 10.92% with a Pluang order activity of 63% Sell / 37% Buy.

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