Bitcoin fell below $81,000 on Oct. 24, 2026. The decline coincided with $466.54 million in crypto futures liquidations over the previous 24 hours, with traders betting on higher prices bearing most of the losses.

According to CoinGlass, 179,389 traders were forced to close positions during the period. Long-position liquidations totaled $319.36 million, while short-position liquidations reached $147.18 million.

Bitcoin led liquidations by asset

Bitcoin recorded $90.72 million in liquidations, the largest volume among individual crypto assets. Long positions accounted for 89.3% of that amount.

Ethereum liquidations totaled $60.73 million, with longs accounting for 82.6%. Other crypto assets recorded $74.18 million in liquidations, of which 69.6% were long positions.

IRYS recorded $68.55 million in liquidations, with short positions accounting for 86.4% of the total, according to CoinGlass.

The largest recorded single liquidation order was a $4.77 million position in the ETHUSDT trading pair on Binance, CoinGlass data showed.

Binance led exchanges by liquidation volume with $228.68 million. Bybit followed with $65.85 million, while OKX recorded $54.93 million.

Bitcoin trades at $80,734

Bitcoin was trading at $80,734 at the time of writing, according to TradingView. The price was based on the daily BTC/USDT chart on Binance.

The Crypto Fear and Greed Index stood at 46, corresponding to the fear zone, according to CoinStats. The index was at 47 a day earlier and 48 a week earlier.

In early October 2025, bitcoin reached a record high above $125,000. A few days later, the crypto market recorded its largest liquidation wave in history, exceeding $19 billion.

Source: Incrypted