Crypto shorts lose $110 million in 10-minute liquidation burst
- —$110 million in shorts liquidated within 10 minutes on October 2, 2026
- —Largest single liquidation: $2.1 million ETH short on Binance
- —Prior 24-hour liquidations totaled $100–170 million, with shorts above $70 million
- —More than 56,000 traders hit across 11+ venues
Why it matters: The speed of the squeeze signals elevated volatility risk for BTC and ETH as aggressive longs stay exposed.
Source: Crypto Briefing