On October 2, 2026, crypto derivatives markets experienced a rapid liquidation event. Short positions totaling $110 million were forcibly closed within a 10-minute window, driven by a sudden spike in market volatility.
Data from trackers like ByKaranteli and CoinGlass indicates that in the 24 hours preceding the event, total liquidations ranged between $100 million and $170 million, with short positions accounting for over $70 million of that volume.
Notable individual liquidations included a $2.1 million ETH short on Binance, alongside several other multimillion-dollar positions in BTC and ETH across centralized exchanges. Recent market activity has impacted over 56,000 traders across more than 11 platforms.
Historical data shows that shorts typically represent 65-90% of liquidations during major price surges. Similar events in 2026 have seen liquidation figures ranging from $50 million to over $260 million during rapid upward price movements.
