UPDATE: Crypto market liquidations reach $943M as 24-hour losses mount
CIE News ·
Update to Crypto liquidations reach $157M in four hours amid market dip
Based on reporting by Investing.com; not yet independently confirmed.
Full 24-hour figures show $943 million in crypto liquidations following hot U.S. inflation data, after an initial four-hour wipeout of $157 million.
Crypto derivatives liquidations expanded to roughly $943 million over 24 hours on October 16, 2026, widening losses after an initial four-hour wipeout of $157 million reported earlier that day. The forced liquidations affected more than 178,000 traders, with long positions accounting for approximately 92% of the total at between $870 million and $894 million. The broader market downturn followed U.S. inflation figures showing the Consumer Price Index at 3.7% year-on-year.
Binance recorded the largest share of liquidated volume at $515.12 million, while Hyperliquid logged $141.14 million and Bybit saw $101.12 million. During the sell-off, Bitcoin (BTC) dropped to an intraday low between $79,700 and $80,416 before stabilizing between $81,380 and $82,000. Ethereum (ETH) slid 6.4% to $2,324.97 before rising 4.2% to $2,444.75.
Key facts
- $943M total liquidations
- 178,000 traders liquidated
- 3.7% September CPI
- Binance saw $515M liquidated
Read the original at Investing.com