Bitcoin retested the $82,000 level, triggering automatic liquidation of leveraged short positions worth $20 million. Total liquidations across crypto derivatives markets exceeded $1 billion during certain periods in October 2026, with long positions accounting for 80 to 90 percent of those figures. One major wave notably wiped out $771 million, mostly from long trades. Bitcoin struggled to hold above this threshold amid rising US Treasury yields, climbing oil prices, and outflows from US spot Bitcoin ETFs. Traders are now watching the $81,000 to $82,000 support zone, with a clean break below potentially exposing the $80,100 level.
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