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

Coinglass Liquidation Snapshot | Oct. 12, 2026

Source: Coinglass, Oct. 12, 2026, 7:30 p.m. Eastern time.

The crypto asset solana ($SOL) contributed another $26.97 million, while zcash and NEAR registered approximately $19.86 million and $19.81 million, respectively. Binance accounted for 52.3% of the total. The largest individual liquidation was a $9.65 million bitcoin long position on Binance, executed at $81,772.

Four Factors Driving Bitcoin’s Latest Decline

Bitcoin’s retreat below $82,000 appears to reflect five overlapping pressures, ranging from institutional withdrawals to macroeconomic uncertainty and a fresh wave of leveraged liquidations.

1. Spot bitcoin ETF Outflows: U.S. spot bitcoin exchange-traded funds (ETFs) recorded approximately $679 million to $681 million in net outflows during the Oct. 5-9 trading week. The withdrawals weakened a source of institutional demand that had previously helped support bitcoin’s price.

2. Elevated Treasury Yields: The benchmark 10-year U.S. Treasury yield climbed toward 5.24% to 5.3%, making interest-bearing assets more attractive relative to bitcoin. Higher borrowing costs and expectations of restrictive Federal Reserve policy have also weighed on investors’ appetite for risk.