By Isaac • October 12, 2026 7:11 pm •
Bitcoin’s uneasy hold above $83,000 gave way late Monday, and the next move was violent enough to punish almost every trader leaning the wrong way.
Bitcoin fell below $82,000 as more than $123 million in crypto positions were liquidated in a single hour. Roughly $119.78 million of that total came from leveraged longs, according to a current market update from Cointelegraph.
🚨 JUST IN: Over $123M liquidated in the past hour, with $119.78M in longs wiped out, as bitcoin:native fell below $82,000. pic.twitter.com/XEikV6oLVe
Trending: Sharia courts are here — and Americans need to wake up
— Cointelegraph (@Cointelegraph) October 12, 2026
Almost the entire liquidation print came from longs. Traders who borrowed to amplify a bullish bet were forced out.
Those forced sales can accelerate a decline
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