Bitcoin falls below $81K, triggering $485M in liquidations

A brief slide under $81,000 wiped out leveraged longs in an hour as Treasury yields, oil prices and government wallet transfers piled on the pressure Bitcoin slipped below $81,000 on October 8, 2026, and leveraged traders paid for it fast. Over $485 million in crypto positions were liquidated in a single hour, and most of them were longs. That also marks the first time Bitcoin has traded under $81,000 since mid-September. The intraday low landed somewhere between $80,350 and $80,500, depending on the data source. Estimates for the one-hour liquidation total ranged from $480 million to $489 million.

Source: Crypto Briefing