UPDATE: Crypto liquidations hit $117.8M as ETH and BTC positions unravel
CIE News ·
Update to UPDATE: Bitcoin drops to $79,300 as $154M in crypto liquidations hit market
Based on reporting by crypto.news; not yet independently confirmed.
Ethereum futures saw up to $54 million liquidated as ETH slid to $2,303-$2,311 on October 26, 2026, while Binance handled over $73 million of the market's $117.8 million total wipeout.
Fresh liquidation data shows Ethereum (ETH) futures suffered between $39 million and $54 million in liquidations as ETH fell 1.87% to 2.5% to trade between $2,303 and $2,311 on October 26, 2026. As previously reported, the market-wide downturn was accompanied by heavy long liquidations after Bitcoin (BTC) slipped beneath the $80,000 threshold to session lows near $79,332.
The overall deleveraging wiped out $117.8 million in derivatives positions across the crypto market over a 24-hour window, according to pluang.com and market reports. Long trades accounted for $80 million to $106 million of the losses, with BTC positions making up $22 million to $32 million of the liquidations. Across crypto exchanges, Binance handled the largest share with more than $73 million in liquidations, followed by Bybit and Gate.
Key facts
- $117.8M total liquidations
- ETH futures lost $39M-$54M
- ETH fell to $2,303-$2,311
- Binance handled over $73M
Read the original at crypto.news