Crypto Liquidations Hit $939M as Bitcoin Dips Below $80,000

Key Facts

1Crypto liquidations exceeded $939 million in 24 hours as Bitcoin fell below $80,000 before rebounding.

2Long positions accounted for 84% of the total liquidation losses according to CoinGlass data.

Crypto liquidations exceeded $939 million within 24 hours as Bitcoin fell below the $80,000 level before rebounding. Reuters reported, citing CoinGlass data, that long positions accounted for approximately 84% of the total liquidation losses, highlighting the impact of volatility on leveraged traders.

The market saw the liquidation of 176,707 traders as Bitcoin hit a 24-hour low of $79,735.86 on October 15, 2026, before recovering to higher trading levels. According to CoinMarketCap, the Binance exchange accounted for 52.3% of all liquidations across platforms, including the largest single liquidation order valued at $12.03 million on the BTCUSDT market.