Bitcoin dropped nearly $2,000 in just 20 minutes on October 6, 2026, falling from approximately $71,765 to $67,895, its lowest level since April. About $394 million in positions were liquidated within a single hour, with roughly $384 million coming from long positions. Bitcoin traders absorbed the largest share of the damage with $209 million liquidated, followed by Ethereum at $87 million. Over a 24-hour period, total liquidations reached approximately $1.02 billion. Strategy, formerly known as MicroStrategy, sold 32 BTC for about $2.5 million to fund dividend payments.
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