{
  "id": 11407606,
  "title": "Bitcoin reaches for $87K as short liquidations top $120M",
  "url": "https://urgent.news/2026/10/02/bitcoin-reaches-for-87k-as-short-liquidations-top-120m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T09:37:06.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-87k-order-book-liquidity-wall-shifts-higher"
  },
  "original_language": "en",
  "account": "Bitcoin surged to approach $87,000 during the week as short liquidations reached $120 million over a 24-hour period. TradingView data showcased Bitcoin trading at $86,857 on Bitstamp, before dipping below $86,000. This marked Bitcoin's highest since September 23. Glassnode data indicated that reducing ask liquidity above $85,000 had enabled price to ascend more rapidly. Following the initial breakout, a cluster of potential liquidations above $87,300 was noted, suggesting a concentration of liquidation exposure at higher price levels. BTC short liquidations totaled $122 million in the 24 hours leading up to the report, with cross-crypto liquidations reaching $210 million. A sustained breakout accompanied by increased trading volume and renewed ETF inflows would confirm broader support for Bitcoin's uptrend, according to Glassnode's weekly report.",
  "summary": "Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle.",
  "key_points": [
    "Bitcoin nears $87,000 amid $120M short liquidations",
    "Ask liquidity below $85,000 aided rapid price rise",
    "$122M BTC shorts and $210M cross-crypto liquidations reported"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}