Bitcoin Price Erases October Gains: Why $81,300 Is Now the Critical Level

Bitcoin price dropped to an intraday low of $82,734, erasing early-month gains. Despite forced long liquidations, open interest remained steady, signaling aggressive new short positioning. Bitcoin continued to slide Wednesday, dipping below $83,000 amid a marketwide pullback that dragged several high-cap altcoins down by 4% or more.