Bitcoin fell below $85,000 on October 7th as buyers failed to break through the $87,000 level amid persistent selling pressure. Over $550 million in positions were liquidated within 24 hours across crypto markets, with $484.6 million in long positions being hit the hardest as bulls bore the brunt of the downturn. Ethereum recorded the largest share of liquidations at $176.20 million, followed closely by Bitcoin at $144.67 million. The Fear and Greed Index stands at 63, indicating bullish rather than fearful sentiment, with key support levels to watch between $85,000 and $86,000, and the $80,000 zone exposed if support breaks.
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