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      $113 Million in Short Positions Liquidated in 24 Hours as Crypto Market Shifts

      Traders betting against cryptocurrencies faced significant losses this weekend, with $113 million in short positions liquidated over a 24-hour period ending October 5, 2026. This figure represents a substantial portion of the total liquidations, which amounted to approximately $138 million, according to data from Coinglass. In contrast, long positions, which are bets on rising prices, accounted for only $25.16 million of the liquidations, indicating that shorts were closed at a rate more than four times that of longs.

      Bitcoin was the hardest hit, with short positions on the leading cryptocurrency contributing $57.07 million to the total liquidations. Ethereum followed, with $24.04 million in short positions erased. The largest single liquidation occurred on Binance, involving a $5.63 million ETHUSDT short position. Overall, 42,225 traders were affected across various derivatives venues tracked by Coinglass.

      This recent wave of liquidations mirrors a similar event in July 2026, which also saw $113 million in short positions liquidated, coinciding with a notable rise in Ethereum's price. Such liquidations can create a feedback loop where forced buying drives prices higher, potentially leading to further liquidations. The current market dynamics suggest that many traders were caught off guard by the sudden price movements, raising questions about future positioning and market stability.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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