Bitcoin plunged nearly $2,000 in 20 minutes, with about $400 million in long positions liquidated.

Zhito Finance APP has learned that, according to data, on October 6, 2026, Bitcoin fell more than 5% intraday, with Bitcoin plunging nearly $2,000 in about 20 minutes, and about $400 million in leveraged long bets were wiped out as a result. According to Coinglass data, in just one hour, about $394 million in positions were liquidated, of which about $384 million came from longs, that is, traders betting on price increases. Bitcoin-related positions suffered the largest losses, with about $209 million liquidated; Ethereum followed, with about $87 million; Solana about $27 million, and XRP about $11 million.