Crypto Futures Liquidations Reach $846 Million, Led by Long Positions
CoinGlass data reported on 2026-10-24 put crypto futures liquidations over the preceding 24 hours at $846 million, including $702 million in longs and $144 million in shorts.
jienwengCrypto futures liquidations totaled $846 million over the preceding 24 hours, according to CoinGlass data reported on 2026-10-24. Long positions accounted for $702 million, compared with $144 million in shorts, placing the bulk of forced closures on traders positioned for prices to rise. Liquidation is the forced closure of a leveraged position when its collateral can no longer meet the required level.
Bitcoin futures recorded $236 million in liquidations, while Ethereum futures recorded $183 million. These asset totals cover liquidations across both trading directions; the figures did not specify how much of either asset’s total came from longs or shorts. They show that both markets contributed to the broader liquidation total without establishing an asset-specific directional breakdown.
The largest single liquidation order was worth $11.8549 million on Binance’s ETHUSDT contract, an Ethereum futures market quoted in USDT. That figure identifies the largest individual order in the reported period, rather than the total loss of a trader or account. The data did not identify the order’s direction or establish what triggered the wider liquidations.
