Bitcoin Price Falls Below $82K as $406M in Longs Get Liquidated
Bitcoin cracked below $82,000 Monday evening, setting off another painful reckoning for leveraged crypto traders. Nearly $489 million in positions vanished over 24 hours, with bullish bets accounting for more than 83% of the damage as the broader market stumbled. Key TakeawaysBitcoin fell below $82,000 Monday as $488.61 million in crypto liquidations hit 118,142 traders.Coinglass data shows bullish positions accounted for $406.48 million, or 83.2%, of liquidations.Ethereum, solana and XRP joined bitcoin‘s decline as investors awaited Wednesday’s CPI report. Bitcoins Slide Wipes Out 118,000 Crypto Traders On Monday, Oct. 12, 2026, bitcoins price slipped below the $82,000 threshold, extending a decline that had dragged the cryptocurrency down from an earlier high near $84,254. By approximately 7:30 p.m. Eastern time, Coinglass liquidation figures showed $488.61 million in leveraged crypto positions had been wiped out over 24 hours. The damage reached 118,142 traders, with long positions accounting for $406.48 million and shorts contributing $82.14 million. Put differently, more than $83 of every $100 liquidated came from traders betting on higher prices. Ethereum led individual assets with $115.19 million in liquidations, followed by bitcoin at $106.61 million. Coinglass Liquidation Snapshot | Oct. 12, 2026Metric24-Hour TotalTotal Liquidations$488.61MLong Liquidations$406.48M (83.2%)Short Liquidations$82.14M (16.8%)Traders Liquidated118,142Bitcoin (BTC)$106.61MEthereum (ETH)$115.19MSolana (SOL)$26.97MLargest Single Liquidation$9.65M (BTC Long) Source:









