{"id":79175,"date":"2026-10-07T07:50:08","date_gmt":"2026-10-07T07:50:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-slips-below-84k-as-20-minute-flush-erases-400m-in-longs\/"},"modified":"2026-10-07T07:50:08","modified_gmt":"2026-10-07T07:50:08","slug":"bitcoin-price-slips-below-84k-as-20-minute-flush-erases-400m-in-longs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-slips-below-84k-as-20-minute-flush-erases-400m-in-longs\/","title":{"rendered":"Bitcoin Price Slips Below $84K as 20-Minute Flush Erases $400M in Longs"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin fell from $85,341 to $83,790 between 01:45 and 02:10 UTC on Oct. 7.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Onchain trackers counted $412.62 million in liquidations in one hour, with longs making up over 97%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinglass mapped the next big liquidity pool near $82,600, about $1,600 below today\u2019s price point.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>The 20 Minutes<\/h2>\n<p>The descent started quietly at 01:45 UTC on Oct. 7, with a fifteen-minute stretch seeing BTC <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2107654242794410383\" target=\"_blank\" rel=\"noopener noreferrer\">slip as low as $83,577<\/a>, a drop of roughly 2.1% with almost no bounce in between.<\/p>\n<p>Some analysts <a href=\"https:\/\/x.com\/coinbureau\/status\/2107660936026751195\" target=\"_blank\" rel=\"noopener noreferrer\">put the one-hour total at $412.62 million<\/a>, with short liquidations at just $11.79 million, meaning longs took more than 97% of the damage. Over 24 hours, <a href=\"https:\/\/x.com\/WhaleInsider\/status\/2107656807204237803\" target=\"_blank\" rel=\"noopener noreferrer\">long liquidations reached<\/a> $479 million, and <a href=\"https:\/\/x.com\/WhaleInsider\/status\/2107673753324752992\" target=\"_blank\" rel=\"noopener noreferrer\">104,836 traders were<\/a> liquidated in total.<\/p>\n<p>The decline spread to the rest of the market at the same time as ether fell from about $2,688 to a low of $2,591, and XRP slid from $1.49 to $1.43 before both recovered slightly. A <a href=\"https:\/\/x.com\/coinglass_com\/status\/2107681390410236362\" target=\"_blank\" rel=\"noopener noreferrer\">Coinglass market board<\/a> posted shortly after showed nearly every top-20 asset in the red on the day, with UNI down 8.35% and Dogecoin down 4.62%.<\/p>\n<p>Individual losses were also quite steep, with <a href=\"https:\/\/x.com\/lookonchain\/status\/2107657959694389519\" target=\"_blank\" rel=\"noopener noreferrer\">Lookonchain spotting a trader<\/a> losing an entire 3,728 ETH long, worth $9.85 million, in about three minutes as ether broke below $2,600. The account also flagged that, just before the drop, <a href=\"https:\/\/x.com\/lookonchain\/status\/2107665774571856060\" target=\"_blank\" rel=\"noopener noreferrer\">four newly created wallets<\/a> deposited $1 million USDC into Hyperliquid and opened 40x shorts on 148.49 BTC, worth about $12.5 million.<\/p>\n<p>Whether that was luck, skill or advance knowledge is unproven, but it adds to a week in which large short positions on Hyperliquid have drawn scrutiny, including the <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/linked-hyperliquid-giants-take-aim-bitcoin-ether-1-58-billion-crypto-shorts\/\">$1.58 billion in shorts<\/a> held by two linked accounts.<\/p>\n<h2>The Date Everyone Is Watching<\/h2>\n<p>The flush landed three days before Oct. 10, a date traders now treat almost like a holiday in reverse. On Oct. 10, 2025, a tariff shock triggered the largest liquidation event in crypto history, wiping out <a href=\"https:\/\/news.bitcoin.com\/learning-insights\/crypto-liquidation-cascades-explained\/\">more than $19 billion<\/a> in leveraged positions held by over 1.6 million traders across roughly 24 hours.<\/p>\n<p>Wednesday\u2019s event was nowhere near that scale, and the $479 million in long liquidations equaled just 2.5% of the 2025 total, and the 104,836 traders affected are roughly 6.5% of that day\u2019s count. It was also smaller than last week\u2019s shakeout, when <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-83k-500m-liquidations-129197-traders\/\">bitcoin\u2019s price dipped below $83k,<\/a> and 129,197 traders were wiped out.<\/p>\n<p>Still, the comparison spread fast on social media, and anniversaries have a way of shaping positioning. Traders who remember how quickly last year\u2019s crash unfolded may keep leverage lighter into the weekend, which could dampen the next move or simply delay it.<\/p>\n<h2>Where Is Bitcoin\u2019s Price Sitting Now<\/h2>\n<p>As things stand, bitcoin is trading near $84,200, still about $2,500 below its 24-hour high of $86,699. The past week has been a fight around the $87,000 ceiling, with the asset\u2019s price <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-pounds-the-87k-wall-as-bulls-refuse-to-back-down\/\">pounding the $87K wall<\/a> yesterday before sellers took control overnight.<\/p>\n<p>The liquidation map points to the next pressure points, with a<a href=\"https:\/\/x.com\/coinglass_com\/status\/2107597361417535836\" target=\"_blank\" rel=\"noopener noreferrer\"> one-week heatmap<\/a> posted hours before the drop showing heavy leverage clustered at $87,400 above and $82,600 below. Wednesday\u2019s low stopped about $1,000 short of that lower pool, which means a large block of long liquidations is still sitting underneath the market.<\/p>\n<p><\/p>\n<p>Three levels now are important to watch out for over the next couple of days:<\/p>\n<ul>\n<li style=\"font-weight:400\" aria-level=\"1\">$83,577: Wednesday\u2019s low and the line bulls need to hold.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\">$82,600: Where Coinglass shows the next dense cluster of long liquidations.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\">$87,400: The overhead liquidity pool that would squeeze shorts if bitcoin can reclaim it.<\/li>\n<\/ul>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/bitcoin-price-holds-october-gains-two-surges-above-86k\/\"><img alt=\"Bitcoin Price Holds October Gains After Two Surges Above $86K\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/bitcoin-price-holds-october-gains-two-surges-above-86k\/\"><img alt=\"Bitcoin Price Holds October Gains After Two Surges Above $86K\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fbitcoin-price-oct6-2026-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Bitcoin twice rose above $86,000 on Tuesday, supported by momentum from the CFTC\u2019s proposed cryptocurrency regulations and a recent SEC\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-flash-crash-400m-longs-liquidated\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin fell from $85,341 to $83,790 between 01:45 and 02:10 UTC on Oct. 7. Onchain trackers counted $412.62 million in liquidations in one hour, with longs making up over 97%. Coinglass mapped the next big liquidity pool near $82,600, about $1,600 below today\u2019s price point. The [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":79176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79175"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79175"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79176"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}