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Bitcoin Breaks Below $83K: Bulls vs. Liquidity Hunters

2026-09-28

Bitcoin fell to its lowest level of the week on Monday, Sept. 28, 2026, going under $82,700 on BTC/USD, according to TradingView data cited by Cointelegraph. A price snapshot on the same page showed BTC at $82,988.25.

The drop came alongside a fall in US stock futures. Both moved lower after US president Donald Trump did not commit to a permanent halt to strikes on Iran.

Cointelegraph's William Suberg reports that the earlier upward push faded and traders turned to hunting for liquidity on exchange order books. The article's headline says this activity is keeping bulls from targeting the yearly open. The excerpt does not give the yearly open price or say how far below it bitcoin now trades.

For anyone already holding a bitcoin perpetual on Bitget, Bybit, MEXC or OKX, the report changes nothing directly on cost. It has no funding rate or fee figures, and no exchange changed its fee schedule. A liquidation price stays where it was set, but a move to weekly lows shortens the distance to it for long positions and lengthens it for shorts. Whether funding shifts after the drop is not yet known from this report.

Source: cointelegraph — Bitcoin drops under $83K as liquidity hunting keeps bulls from targeting yearly open

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