Bitcoin long liquidations hit largest level since early June
- —14,505 BTC in longs liquidated for $1.17 billion, the largest since early June
- —Bitcoin dropped about $1,600, with lows between $82,700 and $83,800
- —On October 6, BTC slid from $85,500 to $83,800 in 15 minutes, triggering $400 million in hourly liquidations
- —Longs accounted for over 90% of liquidations; Binance, Hyperliquid and Bybit led
Why it matters: Open interest remains near $150 billion and funding rates stay positive, meaning bullish leverage persists and further liquidation risk remains.
Source: Crypto Briefing