- Bitcoin futures leverage and open interest rose to levels similar to those seen just before last October’s “great liquidation,” but analysts said the market is less overheated now, limiting the risk of cascading liquidations.
- The report said perpetual futures funding rates, a decline in derivatives-linked stablecoin supply, and liquidation intensity — the amount liquidated for every 1% drop — are all well below the levels seen in October last year.
- It said the U.S. FOMC, Bitcoin’s $82,300 support level, and spot ETF inflows will be the key factors in determining whether Bitcoin falls further or retakes the $86,000 level.
Bitcoin Futures Leverage Jumps 4%; Will Last October’s ‘Great Liquidation’ Nightmare Return?
Rising leverage in the Bitcoin futures market is fueling concern that last year’s “October great liquidation” could be repeated. Still, some analysts say the market is less overheated than it was then, suggesting the risk of a large…
bloomingbit
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Oct 9, 2026 at 5:13 AM UTC · 4 min de lectura
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BTC+0.67%$82,989
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Rising leverage in the Bitcoin futures market is fueling concern that last year’s “October great liquidation” could be repeated. Still, some analysts say the market is less overheated than it was then, suggesting the risk of a large cascade of liquidations remains limited.
CoinGlass data on October 7 showed Bitcoin futures open interest climbed 4.0% over the past seven days to 650,480 BTC. That is similar to the move ahead of last year’s mass liquidation on October 10, when open interest rose 4.1% over the preceding five days.
Forced liquidations mounted as the crypto market tumbled the same day. Bitcoin fell more than 2% to the $83,000 level, while Ether dropped 3.5% to around $2,600. Long positions took the brunt of the hit, with about $403.58 million liquidated in just one hour.
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Bitcoin
BTC
$82,989
+0.67% (24H)
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$1.67T
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$12.3B
24H High
$83,090
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