# Bitcoin Liquidations Hit $859 Million as Price Trades Near $83,000

- URL: https://stocks.freetheai.org/news/bitcoin-liquidations-hit-859-million-as-price-trades-near-83-000-61c11e
- Published: 2026-10-11T12:00:00Z
- Category: crypto; sentiment: mixed; impact: high
- Symbols: [BITSTAMP:BTCUSD](https://stocks.freetheai.org/symbols/BITSTAMP-BTCUSD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Bitcoin (BITSTAMP:BTCUSD) experienced a sharp derivatives pullback, forcing roughly $859 million in long liquidations, which accounted for 86% of total derivative unwinds. The drop followed a rally of about 35% from August lows that pushed prices to the $83,000 to $84,000 range by late September, supported by spot market demand, ETF inflows, and short covering.

Heavy leverage in perpetual futures contracts remains the primary driver of short-term volatility. Amid the market pressure, a massive on-chain transfer of 17,733 Bitcoin worth approximately $1.484 billion moved to Coinbase Prime. Meanwhile, institutional involvement continues to grow, with Morgan Stanley (MS) fund MSBT accumulating roughly 92 BTC over the week to expand its total holdings to 10,639 BTC worth about $880 million. Broadly, institutions were net buyers throughout 2025 while retail investors net sold, leaving individual holders with roughly 13.9 million BTC, or 66% of the total supply.

With prices trading near $82,900 and close to the average holder cost basis around $80,500, the market is oscillating near aggregate cost levels rather than establishing a clear directional trend. Investors are watching for a weekly close above $82,700, which would signal that buyers retain control and potentially open the door to price targets between $87,000 and $88,000.

## Key points

- Forced long liquidations totaled approximately $859 million, representing roughly 86% of all crypto derivative liquidations.
- A large on-chain transfer of 17,733 Bitcoin valued at $1.484 billion moved to Coinbase Prime as selling pressure mounted.
- Morgan Stanley fund MSBT purchased 92 BTC, raising its total position to about 10,639 Bitcoin worth $880 million.
- Bitcoin trades near $82,900, with a weekly close above $82,700 seen as a potential signal for upside toward $87,000 to $88,000.

## Questions and answers

### How much Bitcoin was liquidated during the market correction?

Derivatives unwinds triggered about $859 million in long liquidations, accounting for roughly 86% of total market liquidations.

### How much Bitcoin does Morgan Stanley hold?

Morgan Stanley fund MSBT holds approximately 10,639 BTC, valued at around $880 million, after adding 92 BTC recently.

### What are the key price levels for Bitcoin after the pull-back?

Bitcoin trades near $82,900, close to the average investor break-even level of $80,500. A weekly close above $82,700 indicates buyers are in control, with upside targets near $87,000 to $88,000.