Key Takeaways

• Bitcoin recovered toward $82,100 on October 9 after falling to approximately $80,500 during Thursday’s selloff.
• Reported liquidations across the cryptocurrency market exceeded $1 billion, with leveraged long positions bearing most of the pressure.
• Bitcoin remains roughly 35% below its record high, while the latest rebound has yet to establish a sustained recovery.

Bitcoin Rebounds Toward $82,000 After $1 Billion Crypto Liquidation Wave

Bitcoin steadied near $82,100 on Friday, October 9, after a sharp decline below $81,000 during the previous session triggered widespread liquidation of leveraged cryptocurrency positions.

An October 9 exchange-price snapshot placed Bitcoin at approximately $82,131, down 1.4%…