Key Highlights
- Total crypto liquidations reached $1.12 billion over 24 hours, involving 187,006 traders.
- Ethereum recorded the highest liquidation volume at $318.30 million, followed by Bitcoin at $286.15 million.
- Long positions accounted for $1.04 billion of the total, compared with $83.73 million in short liquidations.
Total cryptocurrency liquidations reached $1.12 billion over the past 24 hours, with Ethereum accounting for the largest share. According to CoinGlass data (on October 8 at 17:15 UTC), 187,006 traders were liquidated. The largest single liquidation order occurred on Hyperliquid in an ETH-USD position valued at $19.98 million. Long positions accounted for the majority of the activity.
Over 24 hours, long liquidations totaled $1.04 billion, while short liquidations totaled $83.73 million. Data for shorter intervals showed a similar pattern: 12-hour liquidations stood at $974.84 million (long $910.77 million, short $64.07 million), four-hour liquidations at $754.22 million (long $708.07 million, short $46.14 million), and one-hour liquidations at $162.15 million (long $154.88 million, short $7.27 million), according to data from CoinGlass (on October 8 at 17:15 UTC).
Ethereum records the highest liquidation volume
In the 24-hour liquidation heatmap, Ethereum recorded the largest share at $318.30 million. Bitcoin followed at $286.15 million. Other notable figures included a category labeled Others at $112.84 million, Solana at $66.64 million, and XRP at $34.11 million. Smaller amounts appeared across additional tokens, including BNB, NEAR, DOGE, SUI, ADA, and others, according to data from CoinGlass (on October 8 at 17:15 UTC).
Exchange-level data for the 24-hour period showed a combined total of $1.14 billion in liquidations across major platforms, with long positions representing 92.62% of the total. Binance recorded $602.14 million in liquidations, of which $569.85 million were long positions. Hyperliquid reported $149.91 million, with $147.39 million in long liquidations. Bybit recorded $142.22 million, Gate $88.16 million, and OKX $83.07 million, according to data from CoinGlass (on October 8 at 17:15 UTC).
Bitcoin and Ethereum price movements
According to CoinGecko data (on October 8 at 17:15 UTC), Bitcoin traded at $80,769.78, down 2.9% over 24 hours. The 24-hour range ran from $80,426.95 to $83,562.71. The seven-day range extended from $80,426.95 to $87,085.81. Bitcoin’s all-time high stood at $126,080, representing a 36% decline from that level. Market capitalization was reported at $1.624 trillion, with 24-hour trading volume at $39.722 billion. Perpetual open interest stood at $66.153 billion. Circulating supply was 20.095 million BTC.
In the same timeframe, Ethereum traded at $2,418.81, down 5.4% over 24 hours. The 24-hour range ran from $2,409.39 to $2,584.49. The seven-day range extended from $2,409.39 to $2,768.44. Ethereum’s all-time high stood at $4,946.05, representing a 51% decline from that level. Market capitalization was reported at $295.641 billion, with 24-hour trading volume at $17.827 billion. Perpetual open interest stood at $43.694 billion. Circulating supply was 122.116 million ETH, according to CoinGecko data (on October 8 at 17:15 UTC).
Price charts for both assets showed a downward trajectory over the 24-hour window, with Bitcoin declining from levels near $83,500 and Ethereum declining from levels near $2,580.
The liquidation figures and price data reflect activity recorded across major derivatives platforms during the period.
Also Read: BNY Brings Regulated Crypto Custody to EU Institutions Under MiCA
