Over the 24-hour window from 7 Oct 08:00 to 8 Oct 07:00 UTC 2026, exchanges Bybit and OKX forced-closed a combined $37,790,893 in leveraged futures positions, according to BitMe's own continuous recording of the public liquidation streams of these two exchanges. This figure covers Bybit and OKX only — it is not a market-wide total, and no other exchanges are included. Of the combined amount, $33,648,995 came from liquidated long positions and $4,141,898 from liquidated shorts.
What happened
By exchange, Bybit accounted for $28,245,787 in total liquidations ($26,777,748 long, $1,468,039 short), while OKX accounted for $9,545,105 in total liquidations ($6,871,246 long, $2,673,859 short).
By symbol, across both exchanges: Bitcoin (BTC) saw $16,886,187 liquidated ($15,019,085 long, $1,867,102 short); Ethereum (ETH) saw $15,783,073 liquidated ($13,970,284 long, $1,812,789 short); and Solana (SOL) saw $5,121,633 liquidated ($4,659,626 long, $462,007 short).
What a liquidation is
A liquidation happens when an exchange force-closes a trader's leveraged futures position because the margin backing it can no longer cover the position's losses. Once the account's margin is exhausted relative to the position size, the exchange automatically closes the position at market, regardless of what the trader intended, to prevent the balance from going negative.
What it means for futures traders
Liquidations can feed on themselves: when a large position is force-closed, the exchange has to buy or sell into the market to exit it, which can push price further and trigger the next cluster of liquidations nearby. This is why leverage choice and stop-loss placement matter — a stop-loss gets you out on your own terms before the exchange has to do it for you at a potentially worse price. Sensible position sizing, keeping leverage proportional to account size and to the volatility of the asset being traded, reduces how close a normal price swing sits to a forced-liquidation level. Leveraged trading carries a high risk of loss, and liquidation can remove a position entirely regardless of its original direction.
BitMe monitors open futures positions on Bybit, OKX, Binance and BloFin and can send a Telegram alert when a position's margin usage approaches liquidation risk or when a stop-loss is missing — see liquidation & stop-loss alerts for details.