Bitcoin rebounds past $84,000 after crypto liquidation wave tops $800 million
Bitcoin rallied from near $81,000 to surpass $84,000 following an overnight market flush that liquidated over $800 million in positions, decoupling from a sharp equities selloff in Asian semiconductor shares.
Bitcoin rebounded sharply on Tuesday, climbing from an overnight low near $81,000 to push back above $84,000. The recovery helped lift Ethereum back above the $2,500 threshold, while Coin Bureau reported that the upward swing wiped out more than $69 million in short positions.[3][5][10][11]
The turnaround followed a heavy flush across derivatives markets. CoinGlass data shared by account kook showed $812.49 million in total crypto liquidations over 24 hours, with long positions accounting for roughly 84.5% of the total and affecting nearly 170,000 traders. Analytics Insight reported a liquidation wave exceeding $803 million, noting that SanDisk futures generated $19.09 million in forced closures to outpace XRP, while Unchained placed 24-hour liquidations at $771 million.[1][4][6][7]
The digital asset rebound decoupled from steep declines in Asian equities, where South Korea's benchmark KOSPI index dropped 5.5% and triggered a trading curb following an approximate 8% plunge in memory makers Samsung Electronics and SK Hynix. Traders are now monitoring key support levels as the market looks ahead to the release of the September U.S. Consumer Price Index report.[2][7][9][12]
Key facts
- Bitcoin reclaimed $84,000 after bouncing from an overnight low near $81,000.
- Coin Bureau reported that over $69 million in short positions were wiped out during Bitcoin's rally back to $84,000.
- Total 24-hour crypto liquidations exceeded $800 million, with CoinGlass reporting $812.49 million and Analytics Insight citing over $803 million.
- Long positions accounted for roughly 84.5% to 86% of the 24-hour liquidations, according to CoinGlass and Analytics Insight.
- CoinGlass tracked 169,902 liquidated traders, with the largest order being a $9.65 million BTC/USDT position on Binance.
- Ethereum returned above $2,500 after dropping to an intraday low of $2,409.00 on Bybit.
- South Korea's KOSPI index closed down 5.5% and triggered a trading curb as Samsung Electronics and SK Hynix each slid about 8%.
- SanDisk futures recorded $19.09 million in liquidations, surpassing XRP, according to Analytics Insight.
Sources · 8 sources
- AI
Analytics Insight@analyticsinmePost on X ·
𝐂𝐫𝐲𝐩𝐭𝐨 𝐋𝐢𝐪𝐮𝐢𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐓𝐨𝐩 𝐔𝐒𝐃 𝟖𝟎𝟑𝐌 𝐚𝐬 𝐒𝐚𝐧𝐃𝐢𝐬𝐤 𝐅𝐮𝐭𝐮𝐫𝐞𝐬 𝐒𝐮𝐫𝐩𝐚𝐬𝐬 𝐗𝐑𝐏 🚨 Crypto liquidations top USD 803 million as Asian semiconductor stocks plunge! SanDisk futures record USD 19.09 million in liquidations, surpassing XRP. Meanwhile, Bitcoin rebounds toward USD 84,000 after briefly falling below USD 81,000, with long positions accounting for 86% of total liquidations. 📉📊🔥 #CryptoLiquidations #Bitcoin #XRP #SanDisk #CryptoMarket #analyticsinsight #analyticsinsightmagazine Read More 👇 https://t.co/UtosPYQLMQ
Open source - CO
CoindeskArticle ·
Live updates: Bitcoin trading in tight range near $83,000 ahead of key U.S. inflation data The September CPI report comes out on Wednesday, with economists expecting a sizable increase in the headline number but a softening in the core rate.
Open source - CB
Coin Bureau@coinbureauPost on X ·
JUST IN: Bitcoin reclaims $84K after its sharp bounce from $81K, wiping out over $69M in shorts.
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
Bitcoin Flushes $800M In Leverage And Bounces Back Above $83K https://t.co/nvFGIf2UZ0
Open source - CR
Crypto Rover@cryptoroverPost on X ·
CRYPTO IS BOUNCING BACK! 🚀 After overnight selling, Bitcoin reclaims $83,000 and Ethereum hits $2,500 again. https://t.co/FMo9uUpl6r
Open source - KO
kook@KookCapitalLLCPost on X ·
$813m liquidated in 24h and most of it was longs everyone still buying dips with 40x https://t.co/660DiVtPVw
Open source - UN
UnchainedArticle ·
Bitcoin Claws Back $2,500 Overnight After a $771 Million Crypto Liquidation Wave Bitcoin traded near $83,700 early Tuesday, up from a low of about $81,200 at 00:50 UTC, CoinGecko prices show . The recovery came while a chipmaker-led selloff pushed South Korean stocks sharply lower. South Korea’s benchmark KOSPI briefly dropped below 6,000 on Tuesday and was down more than 7% at its intraday low. The slide set off a sell-side trading curb on the Korea Exchange for the first time in nearly two months, and the index finished the session 5.5% lower , according to KED Global . Overseas investors stepped up their selling of Samsung Electronics and SK Hynix on Tuesday amid fresh China chip fears, KED Global reported, and the two memory makers each lost roughly 8% during the session. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . A Rough Monday for Crypto The bounce followed a weak start to the week. Bitcoin slipped below $82,000 on Monday evening U.S. time, and about $771 million in crypto positions were liquidated over 24 hours , $685.6 million of them longs. Zeus Research analyst Dominick John attributed Monday’s slide to macro pressure, softer institutional demand and caution ahead of the inflation report, in comments to The Block. Justin d’Anethan, head of research at Arctic Digital, looked past the selloff. “Ultimately, the recent drop doesn’t invalidate having marked a bottom,” he told The Block, adding that it “just suggests some recalibration and maybe the formation of a new support zone.” CPI Is Next Traders now turn to the September consumer price index , due from the Bureau of Labor Statistics at 8:30 a.m. ET on Wednesday, Oct. 14 . Daan Crypto Trades , a trader who posts market analysis on X, wrote on Tuesday that Bitcoin “did make a higher low with a quick retrace back up overnight.” He said the $83,000 level “remains key on the daily and weekly timeframes” and that most liquidity was sitting above the current price. “A lower CPI print could help take some of that out,” he wrote. Related Listen: Bits + Bips: Is Bitcoin Finally Being Priced on Fundamentals? The post Bitcoin Claws Back $2,500 Overnight After a $771 Million Crypto Liquidation Wave appeared first on Unchained .
Open source - CR
Crypto Rover@cryptoroverPost on X ·
BOUNCE FOR CRYPTO! After overnight selling, Bitcoin reclaims $83,000 and Ethereum hits $2,500 again! https://t.co/oVpLH3Gcjv
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐢𝐜𝐞𝐬 𝐓𝐨𝐝𝐚𝐲: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐇𝐨𝐥𝐝𝐬 𝐍𝐞𝐚𝐫 𝐔𝐒𝐃 𝟖𝟑,𝟕𝟓𝟎 𝐚𝐬 𝐄𝐓𝐅 𝐎𝐮𝐭𝐟𝐥𝐨𝐰𝐬 𝐚𝐧𝐝 𝐂𝐏𝐈 𝐑𝐢𝐬𝐤 𝐓𝐞𝐬𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 Can Bitcoin defend USD 81,000 as ETF outflows and US CPI test the market? Bitcoin trades near USD 83,750 after dipping toward USD 81,000. Hyperliquid, Zcash and Solana led losses among top coins, while traders track inflation data. #Bitcoin #BTC #Crypto #CryptoNews #BitcoinPrice #CryptoMarket #Ethereum #XRP #Solana #Zcash #Hyperliquid #DigitalAssets #analyticsinsight #analyticsinsightmagazine Read More 👇 https://t.co/bGFTWT2NMs
Open source - BT
Bull Theory@BullTheoryioPost on X ·
BREAKING: Bitcoin reclaims $84,000 and Ethereum surges above $2,500 as both recover earlier losses. Over $600 million in crypto positions liquidated in the past 12 hours. $100 billion added to crypto marketcap in just 6 hours. https://t.co/vLRT5GBcsr
Open source - CR
Crypto Rover@cryptoroverPost on X ·
BITCOIN IS PUMPING BACK UP! $84,000 has just been hit. $90,000 before the end of this week? https://t.co/lKaonXSUoO
Open source - CO
CoindeskArticle ·
Bitcoin rebounds above $83,000, decoupling from tumbling Korean stocks Bitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday’s US CPI report.
Open source