Crypto Long Liquidations Hit $418M Amid Bitcoin and Ethereum Sell-Off

Key Facts

1Cryptocurrency markets recorded nearly $418 million in long liquidations over a 24-hour period.

2Bitcoin price fell 4.26% and Ethereum dropped 5.53% within 24 hours.

3Binance accounted for 43.5% of the total $458.05 million in liquidations.

Cryptocurrency markets recorded nearly $418 million in long liquidations over a 24-hour period. According to crypto-economy.com, Bitcoin's price fell 4.26% and Ethereum dropped 5.53% within the same timeframe, triggering a cascade of forced liquidations for traders holding leveraged bullish positions.

Binance accounted for 43.5% of the total $458.05 million in liquidations recorded on October 22, 2026. The market downturn resulted in a significant leverage washout across major assets, though institutional support remained visible through ETF inflows despite the sharp price declines.