Over $2.4 billion in crypto positions were liquidated this week as Bitcoin fell from $85.7K to $82.5K. Most of the damage landed on traders betting the price would go up.

The sell-off arrived during a rough stretch for markets in general, with bond yields climbing, oil getting expensive and money leaving Bitcoin ETFs.

In early October 2026, Bitcoin dropped from near $86,600 to intraday lows of approximately $80,350.

Bitcoin pulled back from highs near $87,350 to lows of approximately $80,350–$82,900, depending on the session.

By October 9–10, the price had partly recovered to around $82,500.

Individual 24-hour sessions saw between $696 million and over $1.2 billion in positions wiped out. Added up across the week, the total cleared $2…