$218 Million in Long Crypto Positions Liquidated in Four Hours

On October 14, 2026, a significant wave of forced selling impacted leveraged traders in the cryptocurrency market, resulting in the liquidation of $218 million in long positions within just four hours. This event occurred amid a concentrated period of selling pressure in futures markets, with total liquidations during this timeframe estimated at approximately $228 million, of which around $211 million, or 92%, were long positions.

Bitcoin and Ethereum, the two largest cryptocurrencies, experienced the most substantial losses. During the liquidation event, Bitcoin's price fluctuated between $82,000 and $83,000, while Ethereum traded between $2,400 and $2,430. Liquidations for Bitcoin were reported to be between $23 million and $26 million, with Ethereum following closely behind at between $21 million and $25 million.

The majority of these liquidations occurred on major exchanges, with Binance, Bybit, and Bitget seeing significant activity. Binance alone accounted for approximately 65% of the total liquidations, consistent with its historical share of liquidation volume across platforms. This pattern of forced selling is indicative of a crowded trade, as evidenced by the high percentage of long positions being liquidated.

This incident is part of a broader trend observed in October 2026, which has already seen multiple instances of similar long liquidations exceeding $200 million in both four-hour and 24-hour periods. The concentration of liquidations on Binance highlights the exchange's critical role in the dynamics of the crypto market, particularly during periods of heightened volatility.

© 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