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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%
10/15/2026

Nearly $1 Billion in Leveraged Crypto Bets Liquidated as Markets Slide

What happened: Roughly $942 million in leveraged crypto positions were liquidated over 24 hours as Bitcoin, Ethereum, and XRP prices fell sharply.

Nearly $1 Billion in Leveraged Crypto Bets Liquidated as Markets Slide

What happened: Roughly $942 million in leveraged crypto positions were liquidated over 24 hours as Bitcoin, Ethereum, and XRP prices fell sharply. Ether accounted for $286 million of the liquidations—nearly 60% of the total for BTC and ETH—while Bitcoin saw $197 million. The selloff was triggered by hotter-than-expected U.S. inflation data and uncertainty over Federal Reserve rate policy, with liquidations spiking by approximately 600% compared to the previous day.

Why it matters: The scale and rapidity of the liquidations highlight the risks of leverage in crypto markets, especially during macroeconomic shocks. Ethereum’s outsized share of liquidations, despite a smaller futures market than Bitcoin, suggests traders were more aggressively positioned. The event underscores the interconnectedness of crypto and broader financial conditions, with open interest in ETH futures at $30 billion versus $52 billion for BTC.

Source: CoinDesk