Bitcoin falls below $82,000 as $120 million in crypto longs get liquidated

Bitcoin falls below $82,000 as $120 million in crypto longs get liquidated

A 15-minute slide wiped out leveraged bullish bets and extended a choppy stretch for the largest crypto asset.

Bitcoin slipped below $82,000, and leveraged bulls paid for it almost immediately. Roughly $120 million in long positions across crypto were liquidated in the span of 15 minutes.

What happened in those 15 minutes

The drop pushed Bitcoin under the $82,000 mark during intraday trading on October 1