$BTC rejected ~87.1k (top of Oct 2) and digests ~84.6–84.8k on Oct 3, while a leverage flush hits the derivatives.
FACTS
• CoinGlass (~06:02 UTC, 03/10/2026, via The Crypto Times): crypto liquidations 24h ≈ $433.57M; longs ≈ $321.77M (~74.2%); shorts ≈ $111.80M; ~100,263 traders affected.
• Also: $BTC ≈ $103.68M (longs ≈ $74.5M / shorts ≈ $29.18M) and $ETH ≈ $105M.
• Spot live Kraken: $BTC ≈ $84,843 (24h high ≈ $87,143 / low ≈ $83,861). CoinGecko ≈ $84,821. Fear & Greed = 67 (Greed).
• The Crypto Times also cites still-elevated BTC perps OI (~$67.9B) after the peak.
INTERPRETATION
This isn’t just a “digesting pullback” from the NFP spike. The dominant structure here is a long wipe after rejection below ~87k: long leverage paid the bill (~3 longs for every 1 short in $). As long as OI stays high, another cascade remains possible if 84k breaks.
SCENARIOS
• Base: hold above ~84k, digestion 84.3–85.2k.
• Extension: net reclaim of 85k, then test of the 86.5–87.1k zone.
• Risk: loss of ~83.9k (recent low) → bearish acceleration / 2nd wave of liquidations.
Question: do you go for a first reclaim of 85k, or do you wait for a close above 87k to confirm the rebound?
$BTC $ETH
#Bitcoin #Liquidations #Crypto
FACTS
• CoinGlass (~06:02 UTC, 03/10/2026, via The Crypto Times): crypto liquidations 24h ≈ $433.57M; longs ≈ $321.77M (~74.2%); shorts ≈ $111.80M; ~100,263 traders affected.
• Also: $BTC ≈ $103.68M (longs ≈ $74.5M / shorts ≈ $29.18M) and $ETH ≈ $105M.
• Spot live Kraken: $BTC ≈ $84,843 (24h high ≈ $87,143 / low ≈ $83,861). CoinGecko ≈ $84,821. Fear & Greed = 67 (Greed).
• The Crypto Times also cites still-elevated BTC perps OI (~$67.9B) after the peak.
INTERPRETATION
This isn’t just a “digesting pullback” from the NFP spike. The dominant structure here is a long wipe after rejection below ~87k: long leverage paid the bill (~3 longs for every 1 short in $). As long as OI stays high, another cascade remains possible if 84k breaks.
SCENARIOS
• Base: hold above ~84k, digestion 84.3–85.2k.
• Extension: net reclaim of 85k, then test of the 86.5–87.1k zone.
• Risk: loss of ~83.9k (recent low) → bearish acceleration / 2nd wave of liquidations.
Question: do you go for a first reclaim of 85k, or do you wait for a close above 87k to confirm the rebound?
$BTC $ETH
#Bitcoin #Liquidations #Crypto
