Bitcoin Falls Toward $80,000 as Crypto Liquidations Approach $950 Million

Bitcoin (BTC) fell to just above $80,000 on Oct. 15 before recovering toward $81,000, as a broad market retreat coincided with roughly $950 million in crypto futures liquidations across rolling 24-hour snapshots. The liquidations were forced closures of leveraged futures positions. The 24-hour estimates ranged from $942.1 million to $951.4 million, making the $950 million figure approximate. U.S. consumer prices rose 0.6% in September, up from a 0.4% monthly increase in August, while annual inflation accelerated to 3.7% from 3.4%. Core CPI, which excludes food and energy, rose 2.6% over the year.

Source: TokenPost