Bitcoin Rebounds Above $82,000 as Crypto Liquidations Top $937 Million

Bitcoin (BTC) moved back above $82,000 on Oct. 15 after briefly falling below $80,000, while a noon ET snapshot showed $937.06 million in crypto liquidations over the prior 24 hours. BTC traded at $82,400.81 at noon ET (16:00 UTC), within a 24-hour range of $79,805.99 to $82,435.98. The liquidation tally covered 176,058 traders. Long positions accounted for $787.18 million, compared with $149.88 million for short positions. Bitcoin-specific liquidations totaled $214.66 million, with long positions making up 80.5%. Long positions generally benefit from rising prices, while short positions generally benefit from falling prices. In leveraged futures trading, a venue may close a position if its collateral falls below the required maintenance margin. The move followed Bitcoin’s earlier drop below $82,000 as liquidations neared $800 million . On Oct. 15, the U.S.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.