# Bitcoin dips below $80,000 after Fed holds rates Author: Hatice Ertaş Language: English Published: 2026-10-29T13:56:46+03:00 Updated: 2026-10-29T13:56:46+03:00 ![A bronze Bitcoin block suspended on steel cables beside a raised metal counterweight.](https://kriptometa.com/uploads/bitcoin-fed-sonrasi-yeniden-bin-dolarin-altini-gordu-c7367856e0d9_article.webp) ## Key takeaways - Bitcoin reached about $79,800 in Asian trading on October 29; CoinGlass showed $80,141.50 at 10:07 UTC. - At 10:07 UTC, CoinGlass reported $337.46 million liquidated over the preceding 24 hours, including $220.28 million in long positions. - The Fed held its target range at 3.75–4% on October 28. Two members preferred a 25-basis-point increase. Bitcoin’s two-day recovery faded alongside technology-stock selling after the Fed’s rate decision. The price later moved back above $80,000, while bullish positions accounted for most of the forced closures tracked in derivatives markets. [Bitcoin](https://kriptometa.com/en/markets/bitcoin) fell from above $81,700 to about $79,800 during Asian trading on Thursday, October 29, reversing a two-day recovery. [CoinDesk’s report updated at 06:39 UTC](https://www.coindesk.com/markets/2026/10/29/bitcoin-dips-below-usd80-000-as-samsung-led-risk-aversion-in-tech-and-a-hawkish-fed-weigh-on-crypto) said ether, XRP and solana also declined. It linked the selling to the Fed’s firm inflation message and weaker appetite for technology stocks, led by Samsung. By 10:07 UTC, Bitcoin was back above $80,000. [CoinGlass showed $80,141.50](https://www.coinglass.com/liquidations), down 1.66% over 24 hours. Ether stood at $2,320.04, down 2.19% over the same period. ## Bullish positions accounted for most liquidations CoinGlass reported $337.46 million in [liquidations](https://kriptometa.com/en/glossary/liquidation) across the derivatives markets it tracks in the 24 hours to 10:07 UTC. Long positions accounted for $220.28 million and shorts for $117.19 million. Longs made up approximately 65.3% of the total. Rounded components can differ slightly from the displayed aggregate. Liquidations in the 24 hours to October 29, 2026, at 10:07 UTC; CoinGlass, USD millions | Coverage | Long positions | Short positions | |---|---|---| | All tracked derivatives | 220.28 | 117.19 | | Bitcoin contracts | 53.33 | 19.13 | | Ether contracts | 39.77 | 31.87 | The platform reported that positions held by 82,634 traders had been liquidated. Although longs accounted for most closures, the largest single liquidation was a $6.53 million ETH/USDT short on Binance. CoinDesk’s earlier update reported $356 million in total liquidations, including $205 million in longs, with Bitcoin at $94 million and ether at $72 million. The 24-hour window had moved forward by the time of the CoinGlass observation. Adding the two totals could count the same closures twice, while subtracting them would not isolate new liquidations. ## The Fed held rates, with two votes for an increase In [its October 28 decision released at 18:00 UTC](https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm), the Fed kept its federal funds target range at 3.75–4%. Ten members supported the decision. Lisa D. Cook and Beth M. Hammack preferred an increase of 25 basis points, or 0.25 percentage points. The committee cited strong economic growth, resilient domestic spending, productivity gains and capital investment. It said job gains had kept pace with the workforce and unemployment had changed little. With inflation still elevated, policymakers said they would assess further data when deciding how to bring it back to their 2% goal. In [his opening statement that day](https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20261028.pdf), Fed Chairman Kevin Warsh said [financial and credit conditions had tightened](https://kriptometa.com/en/fed-interest-rates-crypto) for some businesses and households since September’s policy action. He was not prepared to describe overall conditions as tight. He said energy and related prices had risen again in recent weeks. The Fed needed to prevent those increases from spreading across the economy or unsettling inflation expectations. > “Inflation is too high.” Kevin Warsh’s opening statement on October 28, 2026. Warsh said future rate decisions would depend on incoming data; he announced no specific December decision. The forecast for a December increase reported by CoinDesk came from ING. ## Samsung’s record earnings did not stop the selling According to [Samsung’s third-quarter results released on October 29](https://news.samsung.com/global/samsung-electronics-announces-third-quarter-2026-results), consolidated revenue reached KRW 195.3 trillion and operating profit KRW 107.4 trillion. The Device Solutions division, which includes chips, generated revenue of KRW 147.1 trillion and operating profit of KRW 106.5 trillion. Samsung said AI and server demand supported its memory business. The division’s KRW 106.5 trillion profit fell short of the KRW 108.5 trillion analyst forecast reported by CoinDesk. At the time of the report, Samsung shares were down more than 5%, the Kospi more than 2%, and Nasdaq index futures 1.4%. Closing prices were not yet available in the report. Samsung reported capital expenditure of KRW 29 trillion in the third quarter and KRW 56.9 trillion over the first nine months. The company plans to spend KRW 84.4 trillion over the full year. Investors price shares against earnings expectations and future spending, as well as the size of reported profits. Bitcoin and technology shares fell around the same time, but the reasons behind each investor’s trades are unknown. ## What does the liquidation total measure? A trader using leverage loses money when the price moves against the position. If the account’s collateral falls below the required level, the platform may forcibly close the position. Long positions seek to benefit from rising prices; shorts from falling prices. The liquidation table counts the [dollar value of closed contracts](https://kriptometa.com/en/bitcoin-derivatives-analysis). It does not directly measure deposited collateral or cash losses. Bitcoin bought without borrowing and held in a wallet is not subject to that form of forced closure. [CoinGlass](https://kriptometa.com/en/coinglass-review) says it collects data from public channels and [crypto exchanges’](https://kriptometa.com/en/best-crypto-exchanges) official data feeds, or APIs. Binance and OKX limit how often they send some liquidation updates, and data can arrive late during heavy volatility. The provider therefore does not guarantee a complete count of every closure. Its general list includes equity and commodity derivatives alongside crypto assets. The $337.46 million total covers all of those tracked contracts. The Fed’s October 28 post at 19:08 UTC links Warsh’s opening statement. The [section beginning at 02:44 in the October 28 video on its official channel](https://www.youtube.com/watch?v=hnM84eo2xQU&t=164) covers his assessment of financial conditions. The full opening statement runs for 6 minutes 29 seconds. [The Fed’s October 28 opening-statement post](https://x.com/federalreserve/status/2115521059432636679)