Crypto liquidations hit $608 million as Ether longs unwind, with a $26.64 million hit on Binance

UNCLASSIFIEDCrypto liquidations hit $608 millionas Ether longs unwind, with a$26.64 million hit on Binance11IMPORTANCECLOSED1NEWS MEDIA1PIECESOct 5, 2026 14:41blockboard.net

Crypto markets saw a wave of liquidations across several major venues on Oct. 5, with one hour accounting for $32.39 million and a later tally rising to more than $608 million. Long positions made up most of the liquidations in the larger snapshots, and Ether represented the biggest reported share in one of them.

What this rests on

Claim by claim, with its source
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Through 10:37 a.m. ET on Oct. 5, liquidations totaled $32.39 million across Binance, Bybit and OKX, and $26.72 million of that was from long positions.
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A later tally put liquidations at $609 million, with 105,660 traders affected and $545 million tied to long positions.
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The same $608 million liquidation event was paired with a $26.64 million hit on Binance.

What it means

Who it affects, what changes and what is still unconfirmed

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Traders using leveraged positions were the main group touched by the liquidations, and the biggest snapshots show that long positions made up most of the volume. On Oct. 5, the activity was visible across venues including Binance, Bybit and OKX, so users watching those markets would have seen the impact directly in the same trading session.

In practice, the market state described here is one where long exposure was unwound at scale, while Ether stood out as the largest single asset share in one of the reports. The liquidation data do not show any change in trading rules or exchange access; they show a large amount of positions being closed out across the same venues and time window.

Market reaction

BT Bitcoin it is the asset of the company or protocol in the event from 2 h before to 4 h after the line marks the first headline
published
+0.83 % before publication
-1.38 % after
$86,580price at publication
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How the story was built

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Oct 7 12:34

Has this happened before?

WhenWhat happenedFigure
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