price move

Polkadot drops 9% to $1.10 as leveraged traders pull back

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1News media
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Published
Updated
Since then
1 new report

Polkadot moved sharply lower across Oct. 6 and Oct. 8, with one report putting it at $1.12 after a one-hour drop and another later putting it at $1.05 on Binance. During that span, leveraged positioning also changed, including long liquidations, a decline in open interest, and then a later hourly rebound that still left DOT lower over 24 hours.

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Key claims & sources

✓
By 10:03 p.m. ET on Oct. 6, DOT had fallen 6.18% in one hour to $1.12, and long liquidations reached $640,000.
Polkadot Falls 6.18% in One Hour to $1.12 as Long Liquidations Reach $640,000
✓
DOT traded at $1.13 and was down 7.82%, with prices moving between $1.10 and $1.25 and $1.16 marked as the pivot.
Polkadot Falls 7.82% to $1.13, Trading Below Short-Term Averages
✓
During the decline, open interest dropped from $91 million to $85 million.
Polkadot drops 9% to $1.10 as leveraged traders pull back

Market reaction i

PolkadotDOT the event is about this asset
first headline
-4.2% 2 h before
-0.9% 4 h after
$1.14price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 7 21:30
AMBCrypto scoop
Breaks the event: $91M and $85M

Where this sits in the Polkadot series

WhenWhat happenedFigure
40 days ago DOT at $1.29 high today it sits -28.8% from there
7 days ago DOT at $0.8826 low today it sits +4.0% from there

From what we have stored, starting 42 days ago.