$117M in crypto long positions liquidated in 24 hours as leveraged bulls get flushed

Ethereum and Bitcoin traders took the biggest hits as Binance handled the largest share of forced closures Crypto traders who bet on prices going up had a rough day. Roughly $117 million in long positions were liquidated across the market over a 24-hour window, according to figures circulating on X. Broader futures data from October 25 to 26, 2026, puts total liquidations, long and short combined, at between $117 million and $133 million. Long positions made up about 70% to 80% of that pile. That works out to approximately $80 million to $106 million in bullish bets forcibly closed, depending on which tally you trust. Most of the carnage happened in perpetual futures.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.