⏱ 2 min read
CoinGlass tallied $948.22m wiped in a day across 177,440 traders, with longs the bulk and Ethereum leading liquidations.
Crypto liquidations reached $948.22 million in 24 hours across 177,440 traders, per CoinGlass, as Bitcoin fell below $80,000 on Thursday before rebounding near $82,000. The move followed hotter-than-expected U.S. inflation prints that the report says revived bets on another Federal Reserve rate hike.
Leverage flush concentrated in longs
Ethereum led the wipeouts with $282.03 million, which against the $948.22 million total is roughly 30% by HafidWatch’s arithmetic. Bitcoin was just behind at a little over $200 million, according to CoinGlass. Longs accounted for $858.96 million, or 90.6%, and the day ranked as the third-heaviest for long liquidations in the past 90 days, the report says. The single largest hit was a $12.03 million Bitcoin long on Binance, closed at $80,208.96.
Across 177,440 liquidated traders and $948.22 million in positions, that works out to roughly $5,300 per trader by simple average; that figure does not show who sold or how losses were distributed. A liquidation occurs when a leveraged position’s collateral is exhausted and the exchange sells it automatically, which can push prices lower and trigger further forced exits.
▲ 0.10%
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Prices as of 2026-10-15 17:03 UTC. Source: CoinGecko.
Macro prints and what needs to change
Wednesday’s Consumer Price Index showed a 3.7% year-over-year rise in September against a 3.6% forecast, with core at 2.6% versus 2.5%, and Thursday’s Producer Price Index rose 6.3% annually versus 5.5%, the report says. Higher inflation readings tend to pull the Fed toward tighter policy, lifting Treasury yields and the dollar while making borrowing costlier.
Iliya Kalchev, an analyst at Nexo, framed the move as part of a wider risk-off stretch and pointed to levels and flows. “Glassnode flags $80,000 as the level to watch,” he said, adding that Bitcoin has sat in a $81,000 to $87,000 range since late September. He said the price is now roughly 2% below the average cost of U.S. spot ETF holders near $82,300, which puts those buyers back underwater, and that reclaiming that line would be the first test of any rebound.
Kalchev also set conditions for a turn. “ETF flows have to turn consistently positive, after $681 million of outflows last week and a single $177 million inflow day. Selling by long-term holders has to ease,” he said. The report adds that on charts, Bitcoin broke below $81,603 before bouncing, with the Relative Strength Index near 44 while a golden cross keeps the longer-term uptrend intact. A daily close back above $81,603 would, per the report, open the way to $84,245 and the $87,422 swing high, while losing $80,286 would expose $78,002 and then $75,092.
The next scheduled catalysts are the Fed’s rate decision on October 28, followed by core PCE inflation on October 29 and October payrolls on November 6, according to the report.
Source: Decrypt.
This article was written with AI assistance and reviewed by an editor.
This content is for informational purposes only and does not constitute financial advice.
🧠 HafidWatch Take
The recent price action suggests that for Bitcoin to stabilize, any leverage reset needs to happen within a short timeframe to prevent intensified selling pressure. Monitoring spot ETF flows closely will be key, as sustained positive inflows could signal a shift in momentum, while continued outflows risk prolonging the current downturn. This delicate balance highlights the importance of timing in market reactions alongside flow data in determining near-term direction.
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