Bitcoin drops to $84k sees $143 million in liquidations as ETF inflows turn positive
Summary
Bitcoin futures liquidations totaled about $143 million in the 24 hours to October 7, while BTC fell as low as $83,647 and traded near $84,288. US spot Bitcoin ETFs had $118.8 million in net inflows on October 6, following outflows the prior day. These figures cannot be directly netted: ETF flows do not establish the timing or price of spot purchases, and liquidation figures reflect leveraged positions closed under exchange margin rules. The data confirms forced closures but does not show whether leverage has sufficiently cleared or selling pressure persists. Comparable changes in open interest and directional spot trading would help clarify market conditions.
