Bitcoin Price Falls Below $82K as $406M in Longs Get Liquidated

Bitcoin cracked below $82,000 Monday evening, setting off another painful reckoning for leveraged crypto traders. 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. On Monday, Oct. 12, 2026, bitcoin’s price slipped below the $82,000 threshold, extending a decline that had dragged the cryptocurrency down from an earlier high near $84,254. By approximately 7:30 p.m. Eastern time, Coinglass liquidation figures showed $488.61 million in leveraged crypto positions had been wiped out over 24 hours.