Bitcoin reaches for $87K as short liquidations top $120M

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Cointelegraph
Bitcoin reaches for $87K as short liquidations top $120MWorldPing
Image via Cointelegraph.

What happened

Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle.

Key facts

  • Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle.
  • Reported by Cointelegraph and published Fri, 02 Oct 2026 09:37:06 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Bitcoin reaches for $87K as short liquidations top $120M

  2. South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report

  3. Meet the New Bitcoin Treasury Firm That Already Plans to Sell BTC

  4. When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index

  5. Bitcoin’s $85,000 sell wall is gone and traders are now betting on $100,000

  6. IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project

  7. Bitcoin Pays No Coupon: Saylor Details Where Strategy Gets the Dollars

Sources

The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Cointelegraph

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