⚡ On Saturday, $BTC fell below $80,000 for the first time in over a month. By Sunday morning, it had already climbed back toward $80,900. In between, hundreds of millions of dollars’ worth of leveraged bets were wiped out.
📌 The facts
• 24-hour low: ~$79,220 (Binance spot), compared with ~$80,920 this Sunday around 8 a.m. (Moscow time)
• Over four hours on Saturday, $436 million in positions were liquidated, including $404 million in bets on prices rising (CoinGlass, via The Crypto Basic)
• The trigger cited by CoinDesk: a WSJ article about the rapid evacuation of U.S. personnel from the Middle East in response to an Iranian threat
• There are fewer buyers and sellers on weekends, so a shock can move the price more sharply
🧠 What is a liquidation?
When you borrow money to place a bet larger than your capital (leverage), the platform forcibly closes your position if the price moves too far against you. These forced sales push the price down, triggering more liquidations: a domino effect.
👤 Imagine Malick (a fictional character), a driver in Thiès. He puts 50,000 FCFA into BTC with 10x leverage. A drop of around 10% is enough for him to lose everything, even if the price rises again the next day. His neighbor, who bought without leverage, just saw his balance fall, then rise again.
⚖️ A few caveats
• This morning’s rebound doesn’t guarantee anything: geopolitical tensions haven’t gone away
• The Fed announces its decision on October 28, another potential source of volatility
• Leverage isn’t banned, but it can turn a temporary dip into a permanent loss
💬 Do you trade with leverage? 🟢 Never / 🔴 Sometimes 👇
Not financial advice. DYOR.
Sources: Binance spot, CoinGlass, CoinDesk, The Crypto Basic (Oct. 24, 2026).
#Bitcoin #CryptoNews #Africa
📌 The facts
• 24-hour low: ~$79,220 (Binance spot), compared with ~$80,920 this Sunday around 8 a.m. (Moscow time)
• Over four hours on Saturday, $436 million in positions were liquidated, including $404 million in bets on prices rising (CoinGlass, via The Crypto Basic)
• The trigger cited by CoinDesk: a WSJ article about the rapid evacuation of U.S. personnel from the Middle East in response to an Iranian threat
• There are fewer buyers and sellers on weekends, so a shock can move the price more sharply
🧠 What is a liquidation?
When you borrow money to place a bet larger than your capital (leverage), the platform forcibly closes your position if the price moves too far against you. These forced sales push the price down, triggering more liquidations: a domino effect.
👤 Imagine Malick (a fictional character), a driver in Thiès. He puts 50,000 FCFA into BTC with 10x leverage. A drop of around 10% is enough for him to lose everything, even if the price rises again the next day. His neighbor, who bought without leverage, just saw his balance fall, then rise again.
⚖️ A few caveats
• This morning’s rebound doesn’t guarantee anything: geopolitical tensions haven’t gone away
• The Fed announces its decision on October 28, another potential source of volatility
• Leverage isn’t banned, but it can turn a temporary dip into a permanent loss
💬 Do you trade with leverage? 🟢 Never / 🔴 Sometimes 👇
Not financial advice. DYOR.
Sources: Binance spot, CoinGlass, CoinDesk, The Crypto Basic (Oct. 24, 2026).
#Bitcoin #CryptoNews #Africa