Bitcoin fell below $82,000 on Monday evening in the US, triggering another wave of forced selling across the crypto market. By the time the move reached Asian trading hours on Tuesday, traders were also watching a sharp decline in South Korean stocks and preparing for the latest US inflation report.

Bitcoin dropped 2.8% over 24 hours to $81,382 as of 9:20 p.m. ET on Monday, October 12. Ethereum fell 4.6% to $2,425. Among the top 10 cryptocurrencies, Zcash recorded the steepest decline, dropping 10.4% to $1,149. Solana lost 7.5%, while XRP fell 6.4%.

The sell-off came alongside approximately $771 million in crypto liquidations over 24 hours, according to CoinGlass data. Long positions accounted for $685.6 million of that total, showing…