TLDR
- About $942 million in leveraged crypto bets were liquidated in 24 hours, with longs making up 91.6% of the total.
- Ether traders took the biggest hit, with about $283 million to $286 million in liquidations.
- Bitcoin traded near $81,000, down roughly 3%, while ether fell more than 5% to about $2,350.
- Total crypto market value dropped nearly 5% to $2.76 trillion.
- Binance handled 53.7% of all liquidations, and gold and silver contracts on crypto exchanges were also hit.
Traders on crypto exchanges lost about $942.1 million in leveraged positions over the past 24 hours. The figure comes from Coinglass data. Prices fell across the market on Thursday.
Long positions made up $863.3 million of the total. That is 91.6% of all liquidations. Long traders bet that prices will rise.
Uncertainty over the Federal Reserve’s next interest rate decision weighed on markets Thursday morning. Bitcoin traded around $81,000, down roughly 3% over 24 hours. Ether lost more than 6% to about $2,350.
Ether Traders Take the Largest Losses
Ethereum had the highest liquidation total of any coin. Traders lost about $283.1 million in ether positions, according to Coinglass. More than $261 million of that came from long bets.
🚨 BREAKING: Bitcoin flash CRASHES -$1,500 in just 10 minutes, plunging below $81,000 as Ethereum drops below $2,350.
Nearly $1 BILLION in positions liquidated in the past 24 hours. pic.twitter.com/PWY9F6wS18
— Coin Bureau (@coinbureau) October 15, 2026
CoinGlass data checked during Asian morning hours showed ether contracts at about $286 million in liquidations. Bitcoin contracts had $197 million. Ether made up nearly 60% of the forced closures across the two largest coins.
Ether fell about twice as much as bitcoin. Its futures market is smaller, though. Outstanding ether contracts totaled about $30 billion, compared with $52 billion for bitcoin.
Of the bitcoin liquidations, roughly $176 million came from longs. XRP and Solana fell around 5%. Dogecoin dropped roughly 6%.
How Liquidations Work
A liquidation happens when a trader uses borrowed money and a price move leaves too little collateral. The exchange then closes the position automatically. A trader who puts up $1,000 to control a $10,000 position can lose their backing on a move of less than 10% against them.
These forced closures can add pressure to a falling market. Traders are pushed out whether or not they wanted to sell at that price. The liquidation figures measure the value of positions closed, not the cash traders lost.
Smaller tokens were hit too. Solana futures saw about $31 million in liquidations as SOL fell roughly 5.5%. Zcash contracts added nearly $19 million, with ZEC dropping about 13%.
The selling came in a short window. Coinglass recorded $489.4 million in liquidations in the most recent hour. That is more than half of the 24-hour total.
Binance handled 53.7% of all liquidations. The exchange also hosted the largest single order. It was a $12.03 million BTCUSDT long closed at $80,208.96.
Contracts tied to traditional assets also took losses. Traders on crypto exchanges saw $22.1 million in silver positions and $13.3 million in gold positions liquidated.
Total crypto market value fell 4.96% in 24 hours to $2.76 trillion, according to BeInCrypto Markets data. Ether dropped 5.31% to $2,373.87, the steepest decline among the five largest coins. Bitcoin fell 2.54% to $81,328.
