Bitcoin: $1.2B Liquidations Hit as October Turns Red

Bitcoin crashed below $80,500 while Ethereum broke under $2,400, triggering over $1.2B in crypto liquidation events within 24 hours that wiped out $1.05B in longs and $150.66M in shorts.

BTC fell nearly 8% in four days before a 2.34% bounce to $82,000, and ETH recovered 3.66% to around $2,500 after a 12% drop. October historically ranks among Bitcoin’s strongest months, yet BTC price analysis shows a 1.86% decline so far this October after last year’s -3.69% close, raising the chance this becomes only the fourth negative October on record.

Price action at $82466.33 sits inside the Bollinger Bands with the 200-EMA at $82186.39 acting as immediate support while the 50-EMA at $84006.52 caps upside; the MACD death cross at -832.71 and neutral RSI at 39.26 confirm bearish momentum that favors a test of the lower band near $80609.33 before any sustained rebound in this Bitcoin October performance setup.