Bitcoin Rises 1.76% in One Hour to $81,361 on Binance Spot
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Bitcoin (BTC) climbed 1.76% in one hour to $81,361 on Binance spot BTC/USDT at 10:40 a.m. ET Thursday (14:40 UTC). The quote was recorded at 11:40 p.m. KST on Oct. 29, leaving BTC above $80,000. The same pair was at $79,950 an hour earlier, a $1,411 increase over the measured window. BTC was up 1.01% from 24 hours earlier at the observation time, so its hourly gain outpaced its daily change. Across Binance, Bybit and OKX, liquidations during that hour totaled $9.55 million in short positions and $40,000 in long positions. A liquidation is a forced closure of a leveraged position after a trader cannot meet margin requirements. Short positions bet on price declines; long positions bet on gains.
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