Key Notes
- Bitcoin recovered to around $83,740 after Coinbase recorded an overnight low below $81,000.
- CoinGlass showed about $814 million in daily crypto liquidations, with long positions accounting for approximately 85% of the total.
- Ether regained $2,500 as major tokens rebounded, although several remained lower over the rolling 24-hour period.
Bitcoin recovered after falling below $81,000 overnight, as more than $800 million in leveraged cryptocurrency positions were liquidated over 24 hours. The rebound took BTC back above $83,000 by Tuesday morning, while long positions accounted for most of the forced closures.
Coinbase’s market data recorded a low of $80,927.48. At 07:45 UTC on October 13, Bitcoin traded at $83,740, approximately 3.5% above that low. The recovery means the overnight trough no longer describes the latest price.
CoinGlass’s liquidation dashboard showed about $814 million in forced closures at 07:40 UTC. Approximately $689 million involved longs and $125 million shorts across its tracked crypto derivatives markets, rather than Bitcoin alone.
Bitcoin Rebounds From Its Overnight Low
Coinbase’s hourly trading history places the sub-$81,000 low in the interval beginning at 00:00 UTC on October 13. The same hour opened near $81,736 and closed around $81,339, showing the speed of the move around the start of the UTC day.
Subsequent hourly candles traced a recovery through $82,000 and $83,000. A separate check of Kraken data also showed an overnight Bitcoin low below $81,000, at $80,951.20. Exact prices vary because exchanges operate separate order books.
Despite the size of the rebound from its low, Bitcoin was roughly flat on Coinbase’s rolling 24-hour comparison at the latest check. The two measurements describe different starting points: recovery from the session’s trough and performance against the price one day earlier.
Ether also regained $2,500 after a Coinbase low of $2,405.96, trading near $2,528. Solana and XRP recovered from their respective 24-hour lows of $101.55 and $1.3094, although both remained below their rolling opening prices.
| Asset | Latest price | 24-hour change |
|---|---|---|
| Bitcoin (BTC) | $83,739.70 | -0.20% |
| Ether (ETH) | $2,527.90 | -1.31% |
| Solana (SOL) | $108.54 | -3.49% |
| XRP (XRP) | $1.3764 | -2.47% |
Long Liquidations Dominate the Daily Total
Longs represented approximately 84.6% of CoinGlass’s daily liquidation value. The dashboard counted about 170,000 affected traders and identified its largest observed single order as a $9.65 million BTC/USDT long on Binance, closed near $81,773.
The shorter windows show how the session developed. Twelve-hour liquidations stood near $605 million, including about $498 million in longs. Over four hours, the total was much smaller, around $38 million, with shorts accounting for roughly $33 million as prices recovered.
These windows overlap and must not be added together. They also move continuously: an earlier burst of forced selling can leave the four-hour count while remaining inside the daily total. The latest rebound can therefore coexist with a large 24-hour liquidation figure.
Liquidations occur when collateral no longer meets a leveraged position’s maintenance requirements and the venue closes the trade. The reported dollar amount measures positions forcibly closed, rather than an equal amount of cash withdrawn from crypto or market capitalization erased.
CoinGlass’s page listed coverage of 10 exchanges at the check. Its figures describe the activity captured by that dashboard, so they should not be treated as a complete accounting of every venue or every investor’s loss.
ETF Outflows Add Context to a Volatile October
The swing follows a week of net withdrawals from US spot Bitcoin ETFs. Farside Investors lists approximately $679 million in combined net outflows for October 5–9, based on the daily totals currently shown in its table.
Flows were uneven: October 6 and October 9 registered net inflows, while October 7 alone recorded about $485 million in net redemptions. The weekly balance provides context for demand through listed funds, but does not establish the cause of a particular overnight price move.
Corporate purchases have continued alongside those ETF withdrawals. As CoinScreamer reported, Strategy added 250 BTC during October 5–11. That is a dated treasury purchase, separate from ETF flows and the leveraged positions measured by CoinGlass.
Bitcoin also fell below $81,000 during the October 8 sell-off, when daily crypto liquidations exceeded $1.1 billion. Tuesday’s overnight low was above the $80,314.70 Coinbase low recorded in that earlier episode.
The latest snapshot shows a substantial recovery from the overnight trough, with Bitcoin back above $83,000 and Ether above $2,500. It also leaves a large daily liquidation total behind, illustrating how much leveraged exposure was closed before and during the recovery.
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