$218M in long crypto positions liquidated in four hours
- —$218 million in longs liquidated in four hours on October 14, with alternative tallies near $228 million
- —Long positions made up about $211 million, or 92% of all liquidations
- —Bitcoin liquidations ranged from $23 million to $26 million; Ethereum from $21 million to $25 million
- —Binance accounted for roughly 65% of liquidations, with Bybit and Bitget also hit hard
Why it matters: A 92% long share signals a crowded trade, and Binance handling about two-thirds of liquidations raises the risk of further cascades.
Source: Crypto Briefing