Bitcoin Liquidation Totals Disputed: $120M vs $406M
CryptoBriefing and Bitcoin.com News both report Bitcoin falling below $82,000 but give sharply different figures for how much in long positions was liquidated.
CryptoBriefing and Bitcoin.com News both report Bitcoin falling below $82,000 but give sharply different figures for how much in long positions was liquidated.
What all sources agree on
- Bitcoin fell below $82,000.
- Long positions (bullish bets) accounted for the bulk of the liquidations.
- A support zone between roughly $81,000/$81,300 and $82,000 is identified as the level to watch.
- Bitcoin had earlier traded in the $84,000-$87,000 range before the decline.
- Spot Bitcoin ETF outflows are cited as a contributing factor to the decline.
Where the reports disagree
1Total amount of long positions liquidated
Roughly $120 million in long positions across crypto were liquidated in the span of 15 minutes.
Coinglass data shows bullish positions accounted for $406.48 million, or 83.2%, of liquidations.
What would settle it: CoinGlass’s own liquidation dataset for the specific timeframe in question
2Timeframe over which liquidations occurred
That forced selling is called a liquidation… the latest one landed in a quarter of an hour.
Nearly $489 million in positions vanished over 24 hours, with bullish bets accounting for more than 83% of the damage as the broader market stumbled.
What would settle it: CoinGlass’s timestamped liquidation data showing the exact window measured
3Total liquidations across all positions (longs and shorts)
Roughly $120 million in long positions across crypto were liquidated in the span of 15 minutes.
Bitcoin fell below $82,000 Monday as $488.61 million in crypto liquidations hit 118,142 traders.
What would settle it: CoinGlass’s own liquidation dataset for the specific timeframe in question
4Size of spot Bitcoin ETF outflows
US spot Bitcoin ETFs reportedly saw outflows of $487 million in a single day, which removes a meaningful source of steady buying.
U.S. spot bitcoin exchange-traded funds (ETFs) recorded approximately $679 million to $681 million in net outflows during the Oct. 5-9 trading week.
What would settle it: Official ETF issuer flow data or aggregated tracking services such as Farside Investors or SoSoValue
What to make of it
Treat the fact that Bitcoin fell below $82,000 and that long positions bore the brunt of liquidations as established; the specific dollar totals for liquidations and ETF outflows differ between the two reports and should not be cited as a single agreed figure until a primary CoinGlass or ETF flow record is checked.
Treat the fact that Bitcoin fell below $82,000 and that long positions bore the brunt of liquidations as established; the specific dollar totals for liquidations and ETF outflows differ between the two reports and should not be cited as a single agreed figure until a primary CoinGlass or ETF flow record is checked.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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