Bitcoin Breaks Below $81K as Risk-Off Sell-Off Deepens
Nearly $951M in crypto positions were liquidated in 24 hours, with long bets accounting for most of the wipeout as inflation fears hit risk assets.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Nearly $951M in crypto positions were liquidated in 24 hours, with long bets accounting for most of the wipeout as inflation fears hit risk assets.
Ether accounted for about $286M of Bitcoin and Ether futures liquidations, despite having a smaller open futures market, as traders watched the Fed's next rate decision.
The exit narrows miners’ pool choices as three rivals already control about 64% of Bitcoin’s hashrate, though miners can redirect their machines elsewhere.
Inflation lifted October rate-hike odds as high as 50% before they retreated, while spot Bitcoin ETFs recorded $150.5 million in outflows on Oct. 14.
Hougan’s view puts Bitcoin’s appeal on the same footing across sharply different economic outcomes, from persistent inflation to an AI-driven boom.
The sharp move hit both Bitcoin and Ether, while the scale of long liquidations points to a rapid unwind of leveraged positions.
Long positions accounted for nearly all the losses, highlighting how leverage can amplify a brief Bitcoin price break into a sharp derivatives flush.
The forecast hinges on an unconfirmed Bitcoin settlement pilot by energy-exporting nations and a payments network, while BTC's chart remains below key resistance.
The selloff marks the index’s worst session since July 29, putting renewed inflation pressure back at the center of the market outlook.
Markets now price nearly twice the pre-release chance of an October hike, putting Treasury yields and dollar strength in focus ahead of the Fed meeting.
The bullish case rests on a possible repeat of 2020’s post-QT recovery, but the analyst’s cycle comparison is a thesis, not confirmation of a breakout.
4.5K $BTC (≈370.2M) moved from unknown wallet to unknown wallet.
The call underscores the long-running divide between Schiff’s preference for gold and his criticism of Bitcoin as a store of value.
His warning ties the trade call to rising inflation and bond yields, putting Bitcoin’s role as an inflation hedge back in focus.
The flow split points to selective demand, not a broad crypto-fund rebound. XRP still needs price action above resistance to confirm a stronger setup.
Rising energy costs and sticky housing inflation complicate the Fed’s path, while elevated yields are weighing more heavily on rate-sensitive stocks.
Higher Treasury yields and a stronger dollar could pressure risk assets, while analysts split on whether the pullback leaves room for another rebound.
The $81.5K ETF cost basis has held in two tests, but renewed net outflows add pressure while buyers from the past two years remain underwater below $88K.
A split among federal appellate courts and New Jersey’s Supreme Court petition leave the jurisdictional fight unresolved, with consequences for where U.S. event-contract platforms can operate.
The fixed 15% payout could lift annual preferred dividends to $257.4M, making sustained Bitcoin gains and access to fresh capital central to the strategy.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
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