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Bitcoin briefly crashes below $80,000 as accelerating inflation forces traders to abandon bullish targets, with a $12 billion options expiry adding to market uncertainty.
Hotter US core inflation sparked a fresh wave of liquidations within an hour, putting Bitcoin's improving spot demand and fragile recovery to the test.
Bitcoin recovers above $83,000 despite a 5.5% plunge in Korean equities, but derivatives data suggest sellers retain control.
Deribit’s Oct. 16 expiry has its largest put concentrations at $76,000–$80,000, while Laevitas reports cheaper short-term volatility ahead of Wednesday’s CPI.
Checkonchain’s acquisition-cost data put the largest cluster at $84,000–$85,000, while an analyst sees weakening bullish positioning in Ethereum.
A put-heavy Sunday options book and modest Friday ETF inflows leave fresh leverage and spot demand central to Bitcoin’s weekend recovery.
Nearly $933 million in bullish bets have been wiped out as Bitcoin approaches $80,000, with Ethereum suffering heavier liquidations than BTC.
The latest transfer extends days nights of government-linked movements, with 9,000 BTC reportedly reaching Coinbase Prime as questions grow over potential sales.
More than $220 million of long bets have already been wiped out while a $112 million liquidation cluster sits near $2,511.
