Bitcoin Slide to $80,350 Triggers $1.1 Billion in Crypto Liquidations, Largest Since August

Published October 9, 2026, 20:00 UTC. Liquidation figures from CoinGlass via CoinTelegraph; ETF flow data from SoSoValue; exchange flow data from CryptoQuant.

Leveraged crypto traders suffered their worst day in nearly two months. Bitcoin dropped to $80,350 on Bitstamp on Thursday, October 9, its lowest level since September 18, triggering more than $1 billion in crypto liquidations over 24 hours, according to CoinGlass data reported by CoinTelegraph. Long positions, bets that prices would rise, accounted for roughly $1.05 billion of the total, making it the largest long-side wipeout in 90 days on CoinGlass.

166,000 traders wiped out in a day

The scale of the flush was extraordinary. CoinGlass recorded $1.09 billion in total crypto liquidations for the 24 hours ending 10 am UTC on Friday, with nearly $700 million of that arriving in a single four-hour stretch, according to CoinTelegraph. CryptoRank reported that 166,769 traders were liquidated during the 24-hour period, while a CryptoNews analysis put the figure above 180,000. The total was the largest daily tally since August 21, when a rally from $73,000 to $79,500 set off $1.3 billion in short liquidations, CoinTelegraph said. Forced selling feeds on itself: when exchanges close leveraged trades into falling prices, each sale pushes prices lower and triggers the next wave of closures.

Ethereum fell hardest, $311 million in liquidations

Ether took the heaviest damage. ETH dropped 4.1% to $2,460, and Ethereum positions led all liquidations at $311 million, ahead of Bitcoin at $238 million, according to TradingView, citing CoinGlass. Short-term Bitcoin holders added spot selling pressure of their own: they sent more than 55,000 BTC to exchanges at a loss on Thursday, the largest such outflow in nearly four months, according to CryptoQuant data reported by CoinTelegraph. Bitcoin recovered to around $82,500 on Friday, but the fourth straight daily decline left traders asking whether the $80,000 level holds as support or gives way toward $75,000.

Fed minutes, 5.3% yields and $105 oil set the trap

Most of the pressure came from outside crypto. Minutes from the Federal Reserve meeting released October 7 showed most officials saw another rate hike as likely appropriate by year end, and the 10-year Treasury yield sat near 5.3%, according to CryptoRank. Brent crude traded near $105 amid Middle East tensions, squeezing risk assets across the board. Crypto demand lost one of its supports at the same time: U.S. spot Bitcoin ETFs posted $487 million in net outflows on Thursday, the most since late June, according to SoSoValue data reported by CryptoRank. The U.S. government moving 12,267 BTC, about $1.01 billion, from a wallet tied to the 2016 Bitfinex hack to unlabeled addresses added to the market's nerves, even though no exchange deposit was recorded.

The $82,500 weekly close is the line in the sand

Technically, the $82,500 zone is now decisive. That level was the breakout point of an inverse head-and-shoulders pattern during Bitcoin's broader uptrend since early July, and Bitcoin needs to hold it as support to confirm the bullish structure, CoinTelegraph reported. Analyst Rekt Capital, who has tracked the pattern, warned that a weekly close below $82,500 would turn that level into resistance and send Bitcoin back into what he called its macro accumulation range, according to the report. The sell-off arrived two days before the anniversary of October 10, 2025, when a crash wiped out about $19 billion in trades, but Thursday's total was roughly one-nineteenth of that figure, suggesting a leveraged flush rather than a market-wide panic, CryptoRank noted.

This article is news reporting and is not investment advice.

Sources

• CoinTelegraph, Bitcoin drop to $80,350 fuels $1.1 billion liquidations (Oct. 9, 2026), primary source (CoinGlass data)
• CryptoRank, Bitcoin crashes through $81,000 buy wall as $1 billion crypto liquidation bloodbath unfolds (Oct. 8, 2026), secondary source
• TradingView / CryptoNews, Bitcoin Price Briefly Reclaims $81,000 as Liquidations Top $1 Billion (Oct. 9, 2026), secondary source
• Kaupr, $1 billion in leveraged bets wiped out (Oct. 9, 2026), secondary source