derivatives

Crypto Liquidations Hit $698M With Long Squeezes Clouding Uptober Outlook

0Importance
closedStatus
1News media
1Pieces
Published
Also mentions
BTCETHDOGE +2

Crypto liquidations over the last 24 hours were reported at just under $700 million, with long positions making up most of the total. Ether saw more liquidations than Bitcoin, and one piece also noted a sharp drop in BTC funding rates during the same period.

Share on X Share on Telegram Share on Reddit Share on WhatsApp

Key claims & sources

✓
Crypto futures liquidations reached $699 million over the previous 24 hours, and long positions accounted for $650 million of that total.
Crypto Futures Liquidations Reach $699 Million as Long Positions Dominate
✓
Ether liquidations were higher than Bitcoin liquidations during the same 24-hour period.
Crypto Futures Liquidations Reach $699 Million as Long Positions Dominate
✓
Crypto liquidations over the last 24 hours exceeded $698 million, with $645 million from long positions and $49 million from shorts.
Crypto Liquidations Hit $698M With Long Squeezes Clouding Uptober Outlook
✓
Bitcoin’s funding rate moved from 7% to below 1% during the same period.
Crypto Liquidations Hit $698M With Long Squeezes Clouding Uptober Outlook

What it means

Traders using leveraged crypto positions are the group that would notice this first, because the liquidations were concentrated in longs over a single day. Ether traders would also see a larger liquidation footprint than Bitcoin traders in that window.

Market reaction i

BitcoinBTC the event is about this asset
first headline
-0.2% 2 h before
+0.5% 4 h after
$82,979price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 7 15:50

Has this happened before?

WhenWhat happenedFigure
31 days ago Crypto Traders See $32.39 Million in Liquidations in One Hour event 1 actors in common · 2 news media
32 days ago Trader Opens $64.3 Million Ether Long After $471,000 Loss event 1 actors in common · 2 news media
37 days ago Robinhood Begins US Crypto Perps Rollout With Up to 10x Leverage event 1 actors in common · 8 news media
37 days ago Robinhood adds AI agents, perps and weekend trading in push to win active traders event 1 actors in common · 9 news media
38 days ago Ethereum overtakes Bitcoin in open interest on Hyperliquid event 1 actors in common · 3 news media