October 13th 2026, 11:25 AM
Bitcoin Survives $820M Liquidation Bloodbath Amid CPI Uncertainty
Key Summary
Bitcoin survived a $820M liquidation bloodbath on October 12, with $194.28M of the total liquidated from longs, as forced selling hit leveraged traders. The sell-off comes amid a weak macro backdrop, with US spot Bitcoin ETFs seeing $679M in net outflows and inflation concerns. Can bulls handle CPI next?
Please see our real time news feed on our Home Page
Liquidations Explained
CoinGlass data shows $820.84 million in crypto positions liquidated over 24 hours, affecting 170,649 traders. Longs accounted for $689.11 million, or 84% of the total, a clear sign of how quickly crowded bullish bets can unravel when prices turn.Market Impact
Bitcoin led the liquidations with $194.28 million, 73.8% of it from longs, followed by Ethereum at $183.55 million. The largest single liquidation was a $9.65 million BTCUSDT long on Binance, closed out at $81,772.75.Macro Backdrop
US spot Bitcoin ETFs saw about $679 million in net outflows between October 5 and October 9, nearly 8,000 BTC, with the worst day on October 7, when 5,670 BTC left the funds. Another $65.40 million flowed out on October 12, all of it from BlackRock's IBIT.CPI Uncertainty
Inflation is the other concern. Oil trades near $93.50 a barrel, August CPI came in at 3.4% year over year, and higher Treasury yields make non-yielding assets like Bitcoin less attractive. Polymarket traders expect the Fed to hold rates in October, but still see a 76% chance of a hike in December.#Bitcoin#US#Crypto#SEC