254,045 crypto traders liquidated in 24 hours as $1.67 billion in positions wiped out

Long positions made up about 86% of the damage as Bitcoin and Ethereum led a broad derivatives flush tracked by CoinGlass More than a quarter of a million crypto traders had their positions forcibly closed in a single day. Liquidations hit 254,045 traders over the past 24 hours, according to data tracked by CoinGlass. The total value of the positions wiped out came to approximately $1.67 billion. The flush came on October 30, 2026, across the major derivatives venues. It landed alongside a reported security breach at Binance, which the exchange estimated affected around $6.3 billion in assets. Who got caught, and where The damage was lopsided. Roughly 86% of the liquidated positions were longs, meaning traders who had borrowed money to bet that prices would rise. Traders post collateral, called margin, and borrow against it to control a larger position. If the price moves against them far enough, the exchange automatically closes the trade to stop the losses from exceeding the collateral. That forced exit is a liquidation. Bitcoin led the carnage, with liquidated positions worth around $560 million. Ethereum came second, at roughly $360 million. By venue, Binance accounted for abou...