Crypto markets slide as Bitcoin dips under $80K and Solana touches $95

Unconfirmed Binance hack rumors and $590 million in long liquidations in one hour rattled traders already nervous about tech earnings and the Fed Crypto had a rough hour. Amid unconfirmed suspicions of a Binance hack, the market dropped hard, and $590 million in long positions were wiped out in just sixty minutes. Bitcoin slipped beneath the $80,000 line, while Solana dipped to intraday lows near $95. Rumors moved prices first, and the facts arrived later. What happened to prices and positions Bitcoin fell to approximately $79,600 to $79,800 during the stretch between October 24 and October 29, 2026. That works out to a decline of about 2 to 2.5%. Solana took a similar path. It traded down into the mid-to-high $90s, touching intraday lows near $95, before steadying around the $99 to $100 area. The real damage showed up in the derivatives market. The headline figure is the one-hour flush: $590 million in long positions liquidated as prices dropped. Zoom out to 24-hour windows across the period, and total futures liquidations ranged between $356 million and $834 million. Long positions absorbed most of that pain, with long liquidations estimated at approximately $205 million to $701 ...