Bitcoin rose to nearly $85,000 late Wednesday, squeezing short sellers on the way up, then fell back to about $81,800, wiping out bullish bets and leaving it down about 2% over 24 hours. CoinGlass data show about $431 million was liquidated over 24 hours, including roughly $173 million from short sellers during the climb, while bullish bets made up $210 million of the $222 million liquidated over the past 12 hours. HYPE fell 4.5% to about $78, DOGE lost nearly 4%, SOL dropped 3%, and Ether slipped 2% to just under $2,400, while XMR jumped 11% to about $650. Some market watchers warn that a break below $82,500 could open a path toward $70,000, and Nasdaq 100 futures fell 1.1% after Tesla cut its spending forecast and Lam Research issued a weak outlook.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/21/2026 | 2,473.76 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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