Crypto market hit by nearly $1 billion in liquidations after inflation shock

As Bitcoin ( BTC ) and Ethereum ( ETH ) led the broader cryptocurrency industry in a sell-off over the past 24 hours, driven by hotter-than-expected United States inflation data, total crypto liquidations soared on October 15, 2026, by nearly 600% to about $1 billion. The total crypto liquidations over the past 24 hours were $973,025,069, up more than 588% on the day, according to data Finbold analyzed from CoinGlass , a cryptocurrency derivatives data platform that tracks liquidations and futures activity across major exchanges. As of press time, long positions account for over $894 million of today’s total crypto liquidations, compared with roughly $78.52 million in shorts. Ethereum and Bitcoin topped crypto liquidations today, with more than $292 million and $200 million wiped out, respectively.

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