Bitcoin drops below $81,000 as broad market rout triggers over $210 million in liquidations
Bitcoin erased its climb toward $85,000, sliding under $81,000 amid a wider market selloff fueled by tech earnings jitters and geopolitical tensions.
Bitcoin suffered a sharp reversal on Thursday, October 22, erasing an overnight rally toward $85,000 and tumbling below key support thresholds. The cryptocurrency initially sank below $83,000, shedding roughly $1,500 in an hour and triggering over $70 million in liquidated long positions, according to market tracker Bull Theory. The decline continued throughout the day, breaking past $82,000 and briefly losing the $81,000 mark as selling pressure intensified.[1][2][3][4][5][12]
The rout rippled across the broader crypto landscape. More than $210 million in crypto long positions were wiped out within a 12-hour span, according to reports by Coin Bureau and Crypto Briefing, as Bitcoin plunged toward $81,000 and Ether dropped beneath $2,500 toward $2,300. Decentralized finance tokens took an even harder hit, with CoinDesk reporting a 6% slide in its DeFi index alongside a 3.5% loss in the CoinDesk 80 index.[7][8][10][13]
The crypto pullback tracked an unravelling in broader risk assets. Weak tech sentiment and renewed doubts surrounding artificial intelligence weighed heavily on equities, with the Nasdaq falling more than 2% after Tesla reported lower-than-expected capital expenditures for the third quarter. In commodities, spot gold dropped roughly 2.7% to $4,025 and silver plunged about 5.8% to near $54.63, while the U.S. 10-year Treasury yield dropped from 5.146% to below 5%. Rising Middle East tensions and surging oil prices also heightened broader macro caution, even as Bloomberg reported that investors continued returning to U.S. spot Bitcoin exchange-traded funds.[1][3][4][6][7][10][11][15]
Key facts
- Bitcoin retreated from near $85,000, falling below $83,000, $82,000, and briefly under $81,000 on October 22.
- Over $70 million in Bitcoin longs were liquidated within a single hour during the initial fall under $83,000.
- More than $210 million in total crypto long positions were liquidated over a 12-hour window.
- Ether dropped below $2,500 and plunged toward $2,300 alongside Bitcoin's slide.
- The Nasdaq fell over 2%, spot gold fell 2.7% to $4,025, and silver sank 5.8% to near $54.63.
- The U.S. 10-year Treasury yield dropped from 5.146% to below 5%, marking its largest one-day decline in over two years.
- Glassnode estimated the average cost basis for U.S. spot Bitcoin ETFs near $81,500 and corporate treasuries near $80,200.
Sources · 11 sources
- CO
CoindeskArticle ·
Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves BTC broke through its $84,000 ceiling late Wednesday, then slid back to the $82,500 support analysts are watching as tech futures fell.
Open source - BT
Bull Theory@BullTheoryioPost on X ·
BREAKING: Bitcoin fell -$1500 in just 60 minutes, dropping below $83,000. Over $70 million in longs were liquidated over the same period. https://t.co/VPbBm7l2KE
Open source - CR
CryptoSlateArticle ·
Bitcoin’s usual lifeline is failing as a bond market warning puts $80,000 at risk Bitcoin briefly lost the $81,000 footing on Oct. 22, while the Nasdaq lost more than 2%, spot gold dropped about 2.7% to $4,025, and silver sank about 5.8% to near $54.63. The 10-year Treasury yield fell from 5.146% to below 5%, marking its biggest one-day drop in more than two years. Brent crude hit an… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Open source - CO
CoindeskArticle ·
Live updates: Bitcoin falls back to $81,000, with interest rates tumbling as stocks crack The Nasdaq is down more than 2% as the AI bull market trade continues to unwind. U.S. interest rates are plunging even as oil surges.
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
🚨 We are LIVE! Bitcoin has lost $84K after yesterday’s rally reversed overnight. Is $82K next, and what does it mean for the wider market? @Web3Spud and @Wizard_Of_Alt are breaking down BTC levels, altcoins, ETF flows, U.S. jobless claims, liquidity and live trade setups. Tune in now!👇 https://t.co/Pi7szo4gU2
Open source - BL
Bloomberg@businessPost on X ·
Bitcoin retreated below $83,000 Thursday, giving up the previous session’s gains even as investors returned to US spot exchange-traded funds. https://t.co/VjuhlNJAvL
Open source - CR
Crypto Rover@cryptoroverPost on X ·
BREAKING: Bitcoin falls below $83,000 and Ethereum below $2,500 as growing signs point to renewed U.S.-Israeli strikes on Iran. https://t.co/yWuL1rNmrM
Open source - CB
Coin Bureau@coinbureauPost on X ·
JUST IN: Over $210,000,000 in crypto longs wiped out in the last 12hrs as BTC and ETH plunge toward $81K and $2.3K.
Open source - CR
Crypto Rover@cryptoroverPost on X ·
Bitcoin drops below $82,000. CONSTANT SELLING. https://t.co/VDIhMXPBl0
Open source - CO
CoindeskArticle ·
Bitcoin slides below $82,000 as AI doubts return, with DeFi tokens leading declines Bitcoin as much as 2.9% to around $81,600 as Nasdaq futures dropped, while the CoinDesk 80 lost 3.5% and DeFi index slid 6%.
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
Bitcoin has dropped from around $84,800 to $82,200. This isn't happening in isolation. Asian stocks are selling off as AI spending concerns grow, while rising Gulf tensions are pushing oil higher and adding another layer of inflation risk. Risk appetite is weakening, and Bitcoin is feeling it. The key now is whether buyers defend the $82K area or this pullback develops into another leg lower.
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
BITCOIN HAS JUST DROPPED BELOW $82,000. https://t.co/QGCMyXhUNT
Open source - CB
Crypto BriefingArticle ·
$210M in crypto longs liquidated as BTC, ETH prices plunge The liquidation event signals a cautious market sentiment, potentially affecting future crypto investments and Hyperliquid's price outlook. The post $210M in crypto longs liquidated as BTC, ETH prices plunge appeared first on Crypto Briefing .
Open source - CR
CryptoSlate@CryptoSlatePost on X ·
Bitcoin briefly fell below $81,000 on Oct. 22 while the 10-year Treasury yield slipped below 5%. @glassnode’s Oct. 21 report puts the average cost of US spot Bitcoin ETFs near $81,500 and of corporate treasuries near $80,200. via @pelicamatos https://t.co/Mg5wp2jXTc
Open source - CT
Coin TelegraphArticle ·
Bitcoin corrects below $82K after Tesla Q3 results, KOSPI falls Bitcoin reversed a run toward $85,000 after Tesla reported lower-than-expected capital expenditure in Q3.
Open source