Bitcoin fell to $76,000 on Oct. 30, 2026, before rebounding above $78,000 amid reports of a large-scale Binance hack. The decline helped push crypto futures liquidations above $1.6 billion over the previous 24 hours, inflicting the heaviest losses on traders holding long positions.

Data from CoinGlass showed that exchanges forcibly closed positions held by 254,258 traders during the period. Long liquidations totaled $1.43 billion, while short liquidations reached $228.93 million. Long positions represented 86.2% of total liquidations.

Bitcoin and Ethereum lead liquidations

Bitcoin traders recorded $541.58 million in liquidations, 85.2% of which came from long positions, according to CoinGlass. Ethereum liquidations totaled $365.13 million, with longs accounting for 85.4%.

Other cryptoassets accounted for another $196.96 million in forced position closures. Long positions made up 90.2% of those liquidations.

The largest single liquidation during the 24-hour period occurred on Binance in the BTCUSDT trading pair. The exchange closed a long position worth $11.09 million.

Binance also recorded the largest liquidation volume among exchanges, at $823.48 million.

Market sentiment remains in fear territory

The Crypto Fear and Greed Index stood at 36, placing it in the fear zone, according to CoinStats. The index was at 38 a day earlier and 47 one week earlier, indicating increasingly negative sentiment among market participants.

At the time of writing, bitcoin was trading at $77,480, according to TradingView. A daily BTC/USDT chart for Binance was also available on TradingView.

Binance set aside more than $6.3 billion to cover losses from the reported major hack.

Source: Incrypted