$262M in short positions liquidated in a single hour, the largest such event of 2026
- —$262.12 million in shorts liquidated within 60 minutes, the biggest hourly spike of 2026
- —Previous episodes: $248 million in April and $111 million in July
- —Shorts made up the overwhelming majority of liquidations, in line with the 60-80% ratio seen in 2026
- —Liquidations hit Binance, Bybit, OKX, Hyperliquid and Gate with no single venue dominating
Why it matters: Forced short covering adds upward pressure and underscores how much leverage is embedded in the derivatives market.
Source: Crypto Briefing