EL7.AI
CryptoMedium•30 October 2026•
2 min read

Crypto Liquidations Reach $1.53 Billion as Bitcoin Falls to $76,460

Key Facts

1Crypto liquidations totaled $1.53 billion over 24 hours through the morning of Oct. 30, with long positions accounting for 83.8%.
2Bitcoin fell to about $76,460 before recovering toward $78,500 on Oct. 30.
3Bitcoin closed at $77,352 on Oct. 30, compared with $77,991.89 on Oct. 29, according to EL7 data.
4Binance estimated the security incident's total impact at about $6.3 billion and said about $3 billion had been frozen on-chain.

Crypto liquidations totaled $1.53 billion over the 24 hours through Friday morning in Asia, with 83.8% involving long positions betting on higher prices, according to CoinDesk. The wave came on a day when Bitcoin swung between a sharp decline and a partial recovery, amid pressure on leveraged positions. The report said the cryptocurrency fell to about $76,460 before recovering toward $78,500 on Oct. 30. EL7 data showed Bitcoin closed at $77,352 that day, compared with a close of $77,991.89 on Oct. 29. The closing data therefore do not support describing the move as a rally above $80,000 at the time the report was published.

The TokenPost report could not be opened to independently verify the trade details, so these figures remain attributed to the published summary. The available summary did not explain the account's motivation for closing the position, nor does it establish that the move was a response to risk management. Closing a short position means buying back the asset, a process that can add demand to the market when traders who bet on a price decline exit, according to CoinDesk.

The liquidation breakdown differed between the 24-hour period and the shorter window tracked by the report. In the latest four hours of CoinDesk's window, short-position liquidations totaled $57.3 million out of $85 million. This means short positions accounted for the larger share of liquidations during those four hours, while long positions dominated total liquidations over 24 hours. The differing breakdown reflects a shift in the direction of pressure between the measurement windows cited by the report. This discrepancy does not make the account closure in the TokenPost summary a forced liquidation; the summary describes a position closure, while CoinDesk's figures show market liquidations.

CoinDesk linked the sell-off to a security breach at Binance on Thursday, saying the platform estimated affected assets at about $6.3 billion. In an update published on Oct. 30, Binance said the incident's estimated total impact was about $6.3 billion and that about $3 billion in affected assets had been frozen on-chain by that point. The platform said it would cover losses from its SAFU fund and company funds, and affirmed that user funds were safe. It also said it had temporarily suspended deposits and withdrawals during security checks. These developments came against a backdrop of a market that recorded large liquidations and a Bitcoin decline before its partial recovery on the same day.

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