The downturn extends a series of losses following a period of high inflation that repeatedly pressed assets lower. Bitcoin fell below $82,000 on Oct. 12, wiping out more than 118,000 leveraged traders and liquidating $406 million in bullish bets over 24 hours. A subsequent slide under $82,000 on Oct. 14 resulted in another $331 million in liquidated positions.
Tuesday, October 20, 2026
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Bitcoin Drops Below $81,000 and Wipes Out $400M in Longs
Crypto6 days ago
The market value of the leading cryptocurrency fell by $1,500 in just 10 minutes on Oct. 15. This rapid decline pushed the asset's price below $81,000 and triggered the liquidation of more than $400 million in long positions within 15 minutes. Ethereum also suffered losses during the period of volatility, sliding below $2,350.
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