October 15th 2026, 2:55 AM
Bitcoin Tumbles Below $81K Amid $485M Liquidations
Key Summary
Bitcoin fell below $81,000, prompting $485 million in liquidations, with Ethereum, XRP, and other altcoins experiencing sharp declines. The decline was driven by rising bond yields, oil prices, and US government transfers linked to notable hacks and exchange collapses.
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Key Findings
Bitcoin slipped below $81,000 on October 8, 2026, with over $485 million in crypto positions liquidated in a single hour. The damage did not stop after the first hour, with total crypto liquidations surpassing $1 billion across the 24-hour window.Causes of the Decline
The pressure came from several directions, including rising bond yields, oil prices, and US government-controlled addresses transferring Bitcoin linked to notable hacks and exchange collapses.Ethereum, XRP, Solana, and Dogecoin all posted steep declines, closely tracking Bitcoin on the way down. The broader altcoin market moved in lockstep.
Context
A billion dollars in daily liquidations is a serious number, but it is not a record. That distinction belongs to the $19 billion liquidation event in October 2025.#Bitcoin#US#Crypto#SEC