Crypto market liquidations reach $876 million as leveraged longs fail
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Cryptocurrency exchanges liquidated between $850.1 million and $876 million over 24 hours on October 15, 2026, with long positions accounting for up to 92% of all wiped contracts.
Cryptocurrency exchanges liquidated between $850.1 million and $876 million in leveraged trading positions over a 24-hour period on October 15, 2026, according to cryptobriefing.com. The deleveraging hit bullish traders hardest, with long positions making up between 88% and 92% of total closures, totaling roughly $718 million.
Bitcoin (BTC) dropped over 3% to an intraday low of $80,200, while Ethereum (ETH) dropped as much as 6.4%, reaching $2,315 on Bitstamp, crypto.news reported. The market move was accompanied by hotter-than-expected United States inflation data, which rose 3.7% year-over-year through September.
Binance handled between 40% and 57% of the total liquidation volume, with Hyperliquid and Bybit also seeing significant forced activity, according to cryptobriefing.com. The single largest liquidation reported was a $25.83 million BTC-USDT long position on Hyperliquid. On that same venue, market maker Wintermute was identified with $75.45 million in net short exposure, including an $18.33 million short position in ETH.
Key facts
- Up to $876M liquidated in 24 hours
- 88% to 92% of closures were longs
- BTC dropped to $80,200
- $25.83M long liquidated on Hyperliquid
Read the original at crypto.news