Bitcoin reaches for $87K as short liquidations top $120M
Published . Updated .
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.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- GBTC GRAYSCALE BITCOIN TRUST ETF
GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- UVXY PROSHARES ULTRA VIX SHORT-TERM FUTURES ETF
GA selected UVXY as a RELATED security because its canonical security name directly matches this event's themes: short. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITB BITWISE BITCOIN ETF TR
GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITU PROSHARES ULTRA BITCOIN ETF
GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
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.
Source: Cointelegraph
How far Grayscale Bitcoin Trust ETF (GBTC) has moved since 2 Oct 2026
Since the first closing price after “Bitcoin reaches for $87K as short liquidations top $120M,” Grayscale Bitcoin Trust ETF (GBTC) is -4.70%. The S&P 500 fund (SPY) is -1.08% over the same days, a -3.62% difference versus the market.
Who is named in “Bitcoin reaches for $87K as short liquidations top $120M”
Companies mentioned with this story
- GBTC Grayscale Bitcoin Trust ETF
In “Bitcoin reaches for $87K as short liquidations top $120M,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin reaches for $87K as short liquidations top $120M.” Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- UVXY ProShares Trust II
In “Bitcoin reaches for $87K as short liquidations top $120M,” ProShares Trust II (UVXY) is linked, with no stored direction, medium confidence. Reason on file: GA selected UVXY as a RELATED security because its canonical security name directly matches this event's themes: short. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITB Bitwise Bitcoin ETF
In “Bitcoin reaches for $87K as short liquidations top $120M,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
In “Bitcoin reaches for $87K as short liquidations top $120M,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Bitcoin reaches for $87K as short liquidations top $120M.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
How “Bitcoin reaches for $87K as short liquidations top $120M” reaches Grayscale Bitcoin Trust ETF (GBTC)
The 2 Oct 2026 story “Bitcoin reaches for $87K as short liquidations top $120M” names Grayscale Bitcoin Trust ETF (GBTC) because of this story.
The link for Grayscale Bitcoin Trust ETF (GBTC) is this: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
iShares Bitcoin Trust ETF (IBIT) is here too. Its reason reads: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates in the story, and the Grayscale Bitcoin Trust ETF (GBTC) price range
GBTC traded between 61.55 and 67.38 across 20 sessions. The latest close on file is 63.11. IBIT traded between 45.12 and 49.39 across 20 sessions. The latest close on file is 46.29. UVXY traded between 15.69 and 19.57 across 20 sessions. The latest close on file is 17.35.
A simple score for Grayscale Bitcoin Trust ETF (GBTC)
46 out of 100
“Bitcoin reaches for $87K as short liquidations top $120M” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.