Crypto derivatives see $255 million in liquidations as market pulls back
CIE News ·
Confirmed by 2 independent news outlets.
Crypto markets saw $255 million in derivatives liquidated over 24 hours leading up to October 24, 2026, with long positions accounting for nearly $163 million of the total forced closures.
Derivatives exchanges forcibly closed approximately $255 million in cryptocurrency positions during the 24-hour period leading up to October 24, 2026. Bullish positions absorbed the majority of the wipeouts, with long liquidations reaching nearly $163 million, or 64% of the market total. Bitcoin (BTC) contracts accounted for $25 million of the forced closures, while leveraged contracts in Ethereum (ETH) and XRP also registered notable margin liquidations.
Bitcoin.com News reported that overall crypto market liquidations totaled nearly $255 million after BTC fell toward an intraday low near $80,836. Broad equity declines and macro pressures contributed to the downturn, alongside surging crude oil prices that raised renewed inflation concerns. In addition, cryptoticker.io noted that forced long liquidations accelerated as prices breached margin thresholds following an equity sell-off led by tech stocks.
On-chain monitoring services and Glassnode identified the $80,000 to $81,500 zone as the average acquisition cost basis for institutional holders. Mitchell Askew, head of Blockware Intelligence at Blockware, stated that the pullback below $82,000 represents healthy price action within a base that has been developing since the summer.
Key facts
- $255M total liquidations
- $163M long liquidations
- $25M BTC liquidations
- Institutional base $80K-$81.5K
Read the original at Investing.com