Bitcoin falls below $84,000 as roughly $400 million in crypto long positions are liquidated
Bitcoin fell below $84,000, losing nearly $2,000 in about 20 minutes as roughly $400 million in crypto long positions were liquidated during the sell-off [1] [2] [3].
CryptoNews reported that the decline followed Bitcoin’s failure to hold an advance toward the $87,000–$87,800 resistance area. Shortly beforehand, four newly created Hyperliquid wallets had deposited $1 million in USDC and opened 40x short positions totaling 148.49 BTC, or about $12.5 million in notional exposure; the report did not establish that those trades caused the price drop [4].
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- 1Bitcoin Price Slips Below $84K as 20-Minute Flush Erases $400M in LongsBitcoin.com News• Oct 7, 2026
- 2ETH Drops Below $2,600 as $400M in Crypto Longs LiquidatedPhemex• Oct 7, 2026
- 3Bitcoin falls nearly $2,000 in 20 minutes as $400 million in longs get liquidatedCrypto Briefing• Oct 7, 2026
- 4Why is Crypto Down? Bitcoin Lost $2,000 in A Flash CrashCryptoNews• Oct 7, 2026
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