Crypto Liquidations Hit $1.13 Billion as Bitcoin and Ether Extend Selloff

Key Facts

1Bitcoin fell 3.3% to $80,550.95, while Ether dropped 5.7% to $2,413.37 by Thursday afternoon.

2The crypto market witnessed total liquidations amounting to $1.13 billion amid the extended selloff.

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.