October 13th 2026, 1:57 AM
Crypto Liquidations Spur Bitcoin Sell-Off
Key Summary
Bitcoin's price dropped below $82,000 as $771 million in crypto liquidations occurred over the past 24 hours, primarily due to traders unwinding leverage. The recent outflow of $681 million from spot Bitcoin ETFs has been countered by the bullish momentum, but the bearish sentiment remains a concern for the short-term market trend.
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Market Movement Analysis
Crypto liquidations amounted to $771 million over the past 24 hours, including $685.6 million in long positions. This significant price movement highlights the ongoing volatility in the crypto market and the need for traders to manage their risk exposure.Recent Outflow from ETFs
Spot Bitcoin ETFs experienced the largest weekly outflow in three months, with $681.10 million in selling pressure. However, the bullish momentum has countered the bearish sentiment, and the burden of proof remains on the bears until multiple weekly closes land below $83,000. The recent outflow of $681 million from spot Bitcoin ETFs has been countered by the bullish momentum, but the bearish sentiment remains a concern for the short-term market trend.- \1\1\1\1
#Bitcoin#Crypto#US#ETF