Crypto Market Hits $939M in Liquidations in Largest Wave Since August
Key Facts
The cryptocurrency market saw $939.30 million in liquidations over a 24-hour period, marking the largest wave of forced closures since August. According to u.today, long positions accounted for approximately 84.3% of the total losses, amounting to $791.62 million as prices for major digital assets declined.
A sharp downward move in prices triggered margin calls and forced liquidations of leveraged positions. High-liquidity altcoins also faced significant pressure, with daily liquidations reaching $12.82 million in XRP, $12.32 million in NEAR Protocol, and $12.18 million in Dogecoin.
Latest Updates · 1
- Notable·
Update: Bitcoin briefly slipped below the $80,000 level, while Ether fell under $2,400. These declines coincided with the release of U.S. Producer Price Index data for September 2026, which showed a monthly increase of 1.3%.