Bitcoin dropped below $82,000 on October 12, triggering the forced closure of leveraged long positions. Within 15 minutes, market liquidations totaled approximately $120 million. Data from CoinGlass and Hyperliquid indicated significant long exposure among traders prior to the decline.
Earlier in October, Bitcoin reached highs between $85,000 and $87,000 before profit-taking initiated a retreat. On October 8, the asset fell below $81,000, reaching lows of $80,400 to $80,500. That 24-hour period saw over $1 billion in liquidations, with an additional $696 million recorded.
US spot Bitcoin ETFs reported outflows of $487 million in a single day, reducing institutional buying pressure. Analysts are currently monitoring a support zone between $81,300 and $82,000. No major regulatory or protocol changes were identified as catalysts for the recent market volatility.
