Bitcoin Neared $87,000. Liquidations Topped $326M

• On October 2, the bitcoin price briefly reached $86,912.
• Over the past 24 hours, liquidations totaled $326.53 million.
• The rally was likely driven by broader market sentiment rather than a specific catalyst.

On the night of October 2, 2026, the bitcoin exchange rate broke above $86,000, according to TradingView. Against this backdrop, daily liquidations on futures positions reached $326.53 million, CoinGlass data shows. 

At its peak, the price hit $86,912. By the time this piece was prepared, it had slipped back below $86,000. 

Positive momentum is also visible across most other major crypto assets. The only exceptions are a handful of altcoins. 

Daily liquidations on futures positions reached $326.53 million, with shorts accounting for the majority. Roughly a third of that total came from bitcoin. In all, more than 77,000 traders were caught in the liquidation wave. 

The Fear and Greed Index has remained unchanged over the past 24 hours, according to CoinStats. Compared with last week, the indicator is down six points. 

At the time of writing, it was not possible to identify any specific factor driving the first cryptocurrency’s rise. The positive momentum is likely due to the broader backdrop. 

In particular, on September 30, 2026, the yield on 10-year U.S. Treasury bonds hit a local high of 5.29. After that, it fell to 5.23 at the time of writing. This may have contributed to capital flowing into higher-risk assets. 

Last week, from September 21 to September 25, 2026, spot Bitcoin ETFs attracted $2.39 billion in net inflows. That trend then continued. 

In addition, the $85,000–$85,500 level served as a kind of barrier. Its breakout triggered a short squeeze, which may also have pushed the price higher in the moment. 

As a reminder, bitcoin and Ethereum closed September “in the green.” At the same time, the assets maintained positive momentum despite the failed vote on the framework bill (CLARITY) and an interest rate hike. 

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