$406 million in crypto long positions liquidated, Bitcoin falls below $82,000

Odaily reports — Bitcoin fell below $82,000 on the evening of October 12. Data from crypto data platform Coinglass shows that total leveraged position liquidations across the network over the past 24 hours reached $488.61 million, involving 118,142 traders.

Of that total, long position liquidations amounted to $406.48 million, accounting for 83.2%, while short position liquidations totaled $82.14 million. By asset, Ethereum saw the highest liquidation amount at $115.19 million, followed by Bitcoin at $106.61 million.

Solana, Zcash, and NEAR saw liquidations of $26.97 million, $19.86 million, and $19.81 million, respectively. Binance accounted for 52.3% of total liquidations, with the single largest liquidation being a Bitcoin long position worth $9.65 million, executed at a price of $81,772. (Bitcoin.com News)