Bitcoin and Ethereum Extend Sell-Off as Crypto Long Liquidations Reach $418M

TL;DR Cryptocurrency markets recorded nearly $418 million in long liquidations as Bitcoin fell 4.26% and Ethereum dropped 5.53% over 24 hours. Total liquidations reached $458.05 million , with bullish positions accounting for 91.2% of losses and Binance representing 43.5% of the total. U.S. spot Bitcoin ETFs attracted $528.40 million in net inflows on October 21 , signaling continued institutional demand despite falling cryptocurrency prices. Bitcoin and Ethereum extended their declines on October 22 as crypto long liquidations approached $418 million , putting leveraged traders under significant pressure. CoinGlass data showed that total liquidations reached $458.05 million over 24 hours, with bullish positions accounting for the overwhelming majority of forced closures. Bitcoin traded at $81,018.49, down 4.26%, while Ethereum fell 5.53% to $2,374.45, according to CoinMarketCap.

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