{
  "id": 13043517,
  "title": "From US$86,500 to US$81,000: The anatomy of a crypto deleveraging wave",
  "url": "https://urgent.news/2026/10/09/from-us-86-500-to-us-81-000-the-anatomy-of-a-crypto-deleveraging-wave",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T06:06:24.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/from-us86500-to-us81000-the-anatomy-of-a-crypto-deleveraging-wave-20261009/"
  },
  "original_language": "en",
  "account": "Bitcoin and Ethereum prices fell sharply on October 9, 2026, as the crypto market entered a deleveraging wave. The largest crypto market cap tumbled 2.53% in 24 hours, while the Nasdaq-100 showed a correlation of 75% with the crypto market, indicating shared macro-driven declines. This sell-off was driven by a concentration of long liquidations, with Bitcoin alone experiencing a 62.97% increase in forced closures of leveraged positions. The total amount of BTC long positions liquidated in 24 hours reached US$303.08 million, a significant surge from the previous period. Ethereum also fell under pressure, with its own cascade of liquidations, showing an 8.62% decline over 7 days. High trading volumes and derivatives activity indicated panic selling and position unwinding. The sell-off extended to other altcoins, with NEAR and ZEC correcting after large gains, as fears about AI cryptography breaking elliptic-curve cryptography added uncertainty to an already fragile market. The longer-term outlook depends on the sustainability of the support at the US$2.76T Fibonacci retracement level and the broader macro environment.",
  "summary": "The crypto market is reeling. Bitcoin trades around US$80,550 to US$81,000. Ethereum trades near US$2,410 to US$2,470. Both assets dropped sharply on October 9, 2026. An aggressive deleveraging wave and broader macro risk-off sentiment drove the decline. Bitcoin fell about 3.3 per cent to 4 per cent over the last 24 hours. It dropped from […] The post From US$86,500 to US$81,000: The anatomy of a…",
  "key_points": [
    "Bitcoin and Ethereum prices dropped 2.53% in 24 hours on October 9, 2026",
    "Bitcoin saw 62.97% increase in forced liquidations of leveraged positions",
    "Market feared AI cryptography breaking elliptic-curve cryptography"
  ],
  "editors_take": "The sharp decline in crypto prices signals a shift in market sentiment, heightening concerns about the stability of the market and increasing uncertainty for investors holding leveraged positions.",
  "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."
}