Crypto Liquidations Hit $1.13 Billion as Bitcoin and Ether Extend Selloff
Key Facts
Bitcoin fell 3.3% to $80,550.95, while Ether dropped 5.7% to $2,413.37 by Thursday afternoon, October 8, 2026. TokenPost reported that the crypto market witnessed total liquidations amounting to $1.13 billion amid an extended selloff that triggered forced exits for leveraged positions.
The market pressure resulted in $1.05 billion of long positions being liquidated, with Ether leading losses at $318.53 million followed by Bitcoin at $286.89 million. The decline occurred as traders weighed a restrictive Federal Reserve outlook, following minutes from the September meeting which indicated that most participants viewed another rate hike as likely appropriate by year-end.
Latest Updates · 4
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Update: Data from Santiment indicated that the 5% price decline was driven by the second-highest level of profit-taking recorded in 2026. These movements reflect investor efforts to lock in gains amid heightened volatility across the digital asset market.
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Update: Bitcoin ETFs recorded $484.9 million in single-day redemptions, further compounding price pressure. Bitcoin is currently trending toward key technical support levels between $75,026 and $76,040 following these outflows.
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Update: Spot Bitcoin ETFs experienced heavy outflows on October 8, 2026, intensifying selling pressure in the spot market. These exits coincided with the massive liquidation wave in the derivatives market, reflecting a shift in institutional sentiment toward crypto assets.
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Update: Bitcoin's market dominance rose to reach 60.05% on October 8, 2026. This increase in market share occurred as the selloff in altcoins intensified relative to the primary digital assets during the current market correction.