Crypto derivatives liquidations top $300 million as long positions suffer
CIE News ·
Based on reporting by CoinMarketCap; not yet independently confirmed.
Cryptocurrency derivatives liquidations reached between $314 million and $335 million over 24 hours on October 29, 2026, with over $202.6 million wiped out from long traders, according to CoinMarketCap.
Forced liquidations in cryptocurrency derivatives markets ranged between $314 million and $335 million over a 24-hour cycle on October 29, 2026, affecting more than 60,000 traders, according to CoinMarketCap data. Long positions represented the majority of the losses, totaling more than $202.6 million in wiped-out positions.
Bitcoin (BTC) accounted for $91.3 million of the liquidations, while Ethereum (ETH) accounted for over $45.6 million. Binance Futures processed the highest single order volume, which included an ETH short squeeze order of $6.59 million, while Hyperliquid registered a single forced liquidation order of $6.35 million on October 28.
The liquidations followed the U.S. Federal Reserve's October 28 meeting, where officials voted 10–2 to keep benchmark interest rates between 3.75% and 4%, according to cryptotimes.io. Earlier data reported by cryptotimes.io showed liquidations over the 24 hours preceding October 28 at 7:35 PM UTC had reached $200.05 million across 62,938 traders.
Key facts
- $314M-$335M liquidated
- $202.6M long positions wiped
- Over 60,000 traders affected
- $91.3M BTC liquidated
Read the original at CoinMarketCap