Bitcoin Falls Below $80,000 as $200 Million in Leveraged Positions Are Wiped Out
As seen on the 24/7 Wall St. homepage on October 24, 2026.
A $200 million leverage flush in under an hour put Bitcoin back under $80,000, and forced selling like this tends to drag crypto-linked equities with it.
BREAKING: Bitcoin and ETH fall sharply as $200 million worth of levered positions are liquidated in under 60 minutes. Bitcoin is back below $80,000. https://t.co/KxHTG1S2tb
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A $200 million liquidation cascade in under 60 minutes signals real stress. When leveraged long positions are forcibly closed at that scale and speed, the selling feeds on itself: each liquidation pushes prices lower, which triggers the next margin call, compounding the move.
Bitcoin crossed back below $80,000, and Ethereum was caught in the same flush. Both assets fell sharply within the same hour, which points to a broad deleveraging event rather than anything specific to either coin.
Forced liquidations of this size tend to ripple beyond crypto. Assets with direct exposure to Bitcoin and Ethereum prices, including crypto-linked equities, have historically moved in sympathy when leverage unwinds this fast.
The speed of the move is what investors need to watch. Sixty minutes is an extremely compressed window for $200 million in positions to clear, and markets can remain volatile in the immediate aftermath as traders reassess how much leverage is still sitting in the system.