बिटकॉइन गिरकर $84k पर आया, ETF में इनफ्लो पॉजिटिव होने के बावजूद $143 मिलियन का लिक्विडेशन हुआ

Market data from the morning of October 7 indicated that roughly $143 million in Bitcoin futures positions had been liquidated over the preceding 24 hours, alongside a price dip beneath the $84,000 threshold. Even with a positive US ETF session underway, it remained uncertain whether leveraged positions could withstand their ongoing margin evaluations.

According to CoinGlass data logged at 06:53 UTC, total BTC futures liquidations reached $143,016,790.

Over the course of the 24-hour window, the asset touched a low of $83,647. Meanwhile, CryptoSlate’s Bitcoin price tracker recorded the asset trading near $84,288 during European trading hours, marking a 1.25% decrease over the 24-hour period.

On the institutional side, Farside Investors reported that US spot Bitcoin ETFs secured $118.8 million in net inflows on October 6, recovering from a net outflow registered on October 5.

Why positive fund flows are no price floor

Liquidations are triggered by traders’ margin statuses as market prices fluctuate. For example, Bybit calculates margins using a mark price—its specific reference price—rather than the final executed trade, with the exact activation point differing depending on the chosen margin mode.

Furthermore, daily ETF inflows do not translate to a standing bid at a fixed Bitcoin price. As outlined in the prospectus for BlackRock’s iShares Bitcoin Trust ETF (IBIT), authorized participants create or redeem share baskets using either cash or Bitcoin. Although the fund strives to mirror Bitcoin’s market performance, the reported inflow figures alone do not disclose the exact timing or execution venue of any corresponding spot purchases.

Consequently, attempting to subtract ETF inflows from the total liquidation notional does not yield a precise net buying or selling balance. Strong fund demand and forced liquidations can happen simultaneously without proving that derivatives selling completely overpowered ETF accumulation.

For market participants, the central uncertainty is whether enough leverage has now cleared out to alleviate subsequent liquidation risks. While the latest figures confirm forced closures, a single open-interest metric from CoinGlass measuring overall outstanding futures exposure does not offer a clear before-and-after baseline for comparison.

Gross spot trading volume leaves a similar blind spot, as turnover metrics do not indicate whether underlying net buying has softened. Moving forward, the most informative metrics will be shifts in open positions alongside directional spot trading tracked across identical platforms over matching timeframes, which would help differentiate successfully cleared leverage from ongoing selling pressure.

?अक्सर पूछे जाने वाले प्रश्न

01What caused the recent Bitcoin liquidations?

Liquidations occur when market price shifts challenge traders’ leveraged margin positions, forcing exchanges to automatically close out contracts when requirements are no longer met.

02Did ETF inflows stop the price drop?

No. Even though US spot Bitcoin ETFs saw $118.8 million in net inflows on October 6, daily fund inflows do not function as a guaranteed price floor or immediate offset against derivatives liquidations.

03How much were the total Bitcoin futures liquidations?

CoinGlass reported total BTC futures liquidations of $143,016,790 at 06:53 UTC.