The sharp increase in forced closures reflects a shift in market momentum toward bullish traders. This volatility occurred as Bitcoin attempted to establish a firm floor above the $84,000 mark, further accelerating the losses for those holding bearish contracts.
Tuesday, October 20, 2026
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Bitcoin Breaks $84,000 and Triggers $95.72M in Short Liquidations
Crypto9 days ago
A wave of liquidations hit traders betting against the price of the largest cryptocurrency on Oct 11. Bitcoin broke above $84,000, causing $95.72 million in short positions to be wiped out, with $43M of that amount liquidated within a single hour. Ethereum also saw gains during the rally, reaching a price of $2,550.
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