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Bitcoin Trades Above $83,000 as 24-Hour Short Liquidations Outpace Longs

An earlier one-hour reading across three exchanges showed more long positions closed, but it covered multiple cryptocurrencies and a different period.

Updated 2 min read
Unequal bars compare Bitcoin short and long liquidations in an editorial market graphic from New York City. / EconoTimes.ai
Unequal bars compare Bitcoin short and long liquidations in an editorial market graphic from New York City. / EconoTimes.ai

Bitcoin (BTC) changed hands above $83,000 on Oct. 20, while separate liquidation tallies put short or long positions ahead depending on the assets and measurement periods.

In the rolling 24-hour Bitcoin reading at 3 p.m. ET (19:00 UTC), short liquidations totaled $46.6 million, versus $30.6 million for longs. Liquidation totals count the value of positions forcibly closed, not each trader’s loss. The tally does not explain Bitcoin’s price.

A separate tally on Liqwall’s Oct. 20 day page also put Bitcoin shorts ahead of longs, at $46.2 million and $28.8 million, respectively. Its date-based period differs from the rolling window used for the 3 p.m. snapshot, so the totals are separate readings.

The earlier hourly reading pointed the other way for cryptocurrencies as a group. Across Binance, Bybit and OKX, the 10:17–11:17 a.m. ET (14:17–15:17 UTC) window recorded $28.48 million in long liquidations and $8.76 million in short liquidations. Bitcoin contributed $8.01 million to the $37.24 million total. Unlike the later Bitcoin tally, this reading spans three exchanges and multiple assets.

Other market measures captured activity outside those liquidation windows. Farside Investors recorded $526.7 million in net inflows to U.S. spot Bitcoin exchange-traded funds on Oct. 19, after $228.4 million in net outflows from Oct. 12-16. Earlier EconoTimes coverage of the fund flows also examined recent futures positioning.

Bitfinex put BTC-denominated futures open interest across 22 exchanges at 646,442 BTC on Oct. 15, up 4.3% from 619,645 BTC on Oct. 12. Open interest measures positions that remain active; that change does not establish how many contracts were added or explain the Oct. 20 price reading.

The Federal Open Market Committee meets Oct. 27-28.

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