Bitcoin (BTC) rebounded to $83.3K in Tuesday trading, with the asset continuing to trade below a previously broken trendline, according to a COINOTAG update published on October 13, 2026.

Update 17:57 UTC: The liquidation footprint behind the earlier drop has come into focus. Forced selling across crypto markets wiped out roughly $728 million in leveraged positions, with longs absorbing 83% to 89% of the total. Among the individual positions closed was a single Bitcoin long of roughly $9.65 million on Binance.

Liquidation data of this kind reflects how forced selling unfolds during sharp price moves. A liquidation occurs when an exchange forcibly closes a leveraged position because the collateral behind it no longer meets maintenance requirements. In declining markets, long positions—trades positioned for prices to rise—are typically the most exposed, which aligns with the disproportionately high share of long liquidations recorded in this episode. Binance, one of the largest cryptocurrency exchanges by trading volume, is a major venue for leveraged trading, and large single-position liquidations on the platform are often cited in market coverage. Totals of this size also reflect the degree of leveraged positioning in the market heading into the move, since liquidations by definition occur only on positions built with borrowed funds.

Bitcoin, the largest cryptocurrency by market capitalization, serves as primary benchmark for the broader digital asset market, and aggregate liquidation figures are widely tracked as a gauge of the scale of forced selling during periods of elevated volatility.

The rebound to $83.3K leaves Bitcoin below the trendline that was previously broken. In technical analysis, a trendline broken to the downside is commonly treated as a reference level, with market participants monitoring how price behaves around it when assessing trend conditions. Read together, the rebound and the long-heavy liquidation total illustrate the role leverage plays in amplifying short-term swings in the crypto market.

This content was first published on COINOTAG: https://en.coinotag.com/bitcoin-btc-rebounds-83-3k-tuesday-trendline