A UK High Court ruling in the 61,000 BTC Qian Zhimin case leaves a key question open: whether victims can appeal over property rights to the bitcoin.
Holdings reached 4.27 million BTC by Oct. 11, while momentum buyers returned in September for the first time since January.
Bitcoin fell 2.9% in 24 hours to $81,510, while Ether dropped 4.8% to below $2,425 as long positions bore most of the losses.
Bitcoin rose 0.96% over the past hour, reaching $82,142 on the Binance spot market at 10:19 a.m. ET on Oct. 13.
The position covers 124.24 BTC worth about $10.14 million and has a liquidation price of $83,432.22.
BOME, BLUR and STRK posted 24-hour losses of more than 28%, while Bitcoin slipped below the key price level late Monday.
Bitcoin was down 2.88% over 24 hours as long liquidations reached $21.71 million across three major exchanges in the latest hour.
Total crypto liquidations reached $488.61 million over 24 hours, affecting 118,142 traders as Bitcoin slid Monday evening.
Bitcoin cracked below $82,000 Monday evening, setting off another painful reckoning for leveraged crypto traders. Nearly $489 million in positions vanished over 24 hours, with bullish bets accounting for more than 83% of the damage as the broader market stumbled. Bitcoin's Slide Wipes Out 118,000 Crypto Traders On Monday, Oct.
Total Bitcoin liquidations reached $29.71 million as the price fell 0.91% to $81,850 during the same hour.
Bitcoin was at $82,115 15 minutes earlier and was down 0.91% from one hour earlier.
Exchange reserves stayed low while apparent demand recovered from deeply negative levels, but the signals have not confirmed a durable reversal.