Bitcoin slips 1.6% as crypto liquidations reach $433.57 million

  • Bitcoin fell after an October 2 rally and triggered widespread crypto derivatives liquidations.
  • $433.57 million was liquidated in 24 hours, including $321.77 million from long positions.
  • Bitcoin’s next major macro event is the Fed’s October 27-28 FOMC meeting.

Bitcoin fell 1.6% to $84,635.62 on October 3, 2026, after an October 2 rally reached $87,085.81 before reversing. The move drove $433.57 million in crypto liquidations over 24 hours, including $321.77 million from long positions, while 100,263 traders were liquidated. Bitcoin’s market capitalization stood at $1.701 trillion, with $38.513 billion in 24-hour spot volume and $67.901 billion in perpetual futures open interest. The rally followed U.S. jobs data showing September payroll growth of 29,000 and unemployment at 4.2%, although price data alone does not establish that the report caused the peak or reversal. U.S. spot Bitcoin ETF flows turned positive on October 1 after an outflow the previous day. Bitcoin is consolidating between $84,000 and $85,000, with traders watching the $83,898.29 low and $87,000 resistance before the Federal Open Market Committee meeting on October 27 and 28.

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Bitcoin slips 1.6% as crypto liquidations reach $433.57 million - CoinPost Terminal