CryptoMedium•15 October 2026•
1 min read
Ethereum Sees $242M Liquidations in Largest Event in Six Months
Key Facts
1Ethereum experienced $242 million in liquidations within 24 hours, marking the largest such event in six months.
2Long positions accounted for over 92% of liquidations, with $157 million wiped out on Binance alone.
Ethereum experienced $242 million in liquidations within 24 hours, marking the largest such event in six months. Cryptopolitan reported that long positions accounted for over 92% of these liquidations, with $157 million wiped out on the Binance exchange alone.
The massive liquidation event followed a rapid price decline that triggered a cascade of forced exits for leveraged traders. This deleveraging was heavily concentrated on major exchanges during the October 15, 2026, session, following a period of heightened market volatility.