Bitcoin’s 2.8% Decline Coincided With $771 Million in Crypto Liquidations

A roughly 2.8% decline in Bitcoin coincided with $771 million in crypto liquidations over 24 hours on Oct. 12, illustrating how leveraged trading can turn a price move into forced position closures. The tally included $685.6 million in long positions, while Bitcoin (BTC) stood at $81,382 at 9:20 p.m. ET, down from about $84,200 earlier in the preceding 24-hour period. The liquidation total measures the notional value of positions closed, not the amount traders lost.