$218M in long crypto positions liquidated in four hours

Crypto traders betting on higher prices had a rough afternoon. $218 million in long positions were liquidated across the crypto market in a span of just four hours. What happened The wave hit on October 14, 2026, during a concentrated stretch of selling pressure in futures markets. Other tallies of the same window put total liquidations at approximately $228 million. Of that total, long positions accounted for around $211 million, or about 92%. Nearly everyone who got wiped out had bet on prices going up. Bitcoin hovered between $82,000 and $83,000 during the event. Ethereum traded at approximately $2,400 to $2,430. The two largest assets took the biggest hits. Bitcoin liquidations were reportedly between $23 million and $26 million over the period. Ethereum was not far behind. Its liquidations reportedly ranged between $21 million and $25 million. Exchange activity was heavily concentrated. Binance, Bybit and Bitget all saw substantial liquidations, with Binance capturing around 65% of the total during the window. That share is in line with what Binance tends to handle, as it often accounts for 60% to 65% of liquidation volume across platforms. How a liquidation cascade works In c...