The $87,000 threshold is still out of reach, but both longs and shorts have already paid $194 million in tuition.
Over the past 24 hours, liquidations across the crypto market totaled about $194 million: $114 million in long positions were liquidated, and shorts weren’t spared either, with just over $80 million wiped out. A total of 64,000 traders were forced out on the same day. The largest single liquidation was a $11.85 million Binance BTCUSDT contract position—gone in one trade.
What’s striking is the price action itself: BTC fell just 0.8% to $85,938, while ETH was down only 0.3%. Nearly $200 million was liquidated amid relatively mild volatility, showing just how densely leveraged the market was—one sweep in either direction was enough to take everyone out. The Fear & Greed Index is still at 73, in the greed zone. As long as greed persists, liquidations will too.
As I mentioned in my post this morning, BTC’s triangle was converging toward its apex just below $87,000, with volatility set to pick up. And sure enough, price stalled just below the 30-day high of $87,396. The first support below is the SMA20 at $83,391 (market data compiled by BlockTempo). A breakdown hasn’t happened, so the trend hasn’t turned weak—but with greed this high and leverage this heavy, be careful: chasing either longs or shorts could leave you getting hit from both sides.
Data as of: 2026-10-06 10:00 UTC
Source: BlockTempo (CoinGlass data); ₿Proud Market Daily (video is an AI-generated illustrative visualization)
For informational purposes only; not investment advice.
Did you get swept up in this move? Are you still holding an open position? Share in the comments.
I’ll keep tracking data like this—follow me so you don’t miss out.
$BTC $ETH #Bitcoin
Over the past 24 hours, liquidations across the crypto market totaled about $194 million: $114 million in long positions were liquidated, and shorts weren’t spared either, with just over $80 million wiped out. A total of 64,000 traders were forced out on the same day. The largest single liquidation was a $11.85 million Binance BTCUSDT contract position—gone in one trade.
What’s striking is the price action itself: BTC fell just 0.8% to $85,938, while ETH was down only 0.3%. Nearly $200 million was liquidated amid relatively mild volatility, showing just how densely leveraged the market was—one sweep in either direction was enough to take everyone out. The Fear & Greed Index is still at 73, in the greed zone. As long as greed persists, liquidations will too.
As I mentioned in my post this morning, BTC’s triangle was converging toward its apex just below $87,000, with volatility set to pick up. And sure enough, price stalled just below the 30-day high of $87,396. The first support below is the SMA20 at $83,391 (market data compiled by BlockTempo). A breakdown hasn’t happened, so the trend hasn’t turned weak—but with greed this high and leverage this heavy, be careful: chasing either longs or shorts could leave you getting hit from both sides.
Data as of: 2026-10-06 10:00 UTC
Source: BlockTempo (CoinGlass data); ₿Proud Market Daily (video is an AI-generated illustrative visualization)
For informational purposes only; not investment advice.
Did you get swept up in this move? Are you still holding an open position? Share in the comments.
I’ll keep tracking data like this—follow me so you don’t miss out.
$BTC $ETH #Bitcoin