W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/16/2026

Nearly $1 Billion in Crypto Bets Liquidated as ETH Leads Losses

What happened: Over $948 million in crypto leveraged positions were liquidated in the 24 hours ending October 15, with long traders accounting for about 90.

Nearly $1 Billion in Crypto Bets Liquidated as ETH Leads Losses

What happened: Over $948 million in crypto leveraged positions were liquidated in the 24 hours ending October 15, with long traders accounting for about 90.6% of the losses. Ether (ETH) liquidations reached approximately $282–286 million, outpacing Bitcoin's $197–200 million, despite ETH's smaller futures open interest. The sell-off was triggered by a hotter-than-expected U.S. September CPI print, which increased uncertainty around Federal Reserve rate policy and pushed BTC below $80,000 for the first time in a month.

Why it matters: The event marks the third-largest long-liquidation day in the past three months, underscoring the persistent volatility and leverage risk in crypto markets. ETH's disproportionately large liquidations relative to its open interest highlight the vulnerability of altcoin traders to macroeconomic shocks. The episode may prompt exchanges and traders to reassess risk management as macro-driven whipsaws continue to test market structure.

Source: CoinDesk, Yahoo Finance