By Isaac • October 30, 2026 11:06 pm •
The selloff after Binance’s security breach did what leverage-heavy crypto markets often do: it turned a sharp move into a cascade.
Bitcoin, ether, XRP, and other major assets fell hard enough to force more than $1.5 billion in leveraged positions to close. Then the rebound began trapping traders who had rushed to bet on an even deeper collapse.
CoinDesk reported $1.53 billion in liquidations over 24 hours, citing CoinGlass data. Long positions accounted for roughly $1.29 billion, or 83.8% of the total.
Bitcoin positions represented about $499 million, ether about $358 million, and XRP about $38.1 million. Hyperliquid followed Binance with about $251.4 million in liquidations, while Bybit recorded roughly $186.5 million.
Most of the losses
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