Bybit and OKX recorded $92,993,632 in forced liquidations of leveraged crypto futures positions over the 24-hour window from 7 Oct 15:00 to 8 Oct 15:00 UTC 2026. This figure covers only these two exchanges — Bybit and OKX — and is not a market-wide total. Within that window, the single largest hour was 2026-10-08 15:00–16:00 UTC, when $52,252,564 was liquidated across the three assets tracked.
What happened
In the peak hour (2026-10-08 15:00–16:00 UTC), liquidations split as follows: Bitcoin (BTC) $27,348,194, Ethereum (ETH) $19,684,208, and Solana (SOL) $5,220,162. That single hour made up a large share of the full 24-hour combined total of $92,993,632 recorded across Bybit and OKX.
Over the full 24-hour window, Bybit recorded $70,796,371 in total liquidations ($68,735,945 long, $2,060,426 short), while OKX recorded $22,197,261 ($18,555,727 long, $3,641,534 short). By asset, Bitcoin (BTC) totaled $45,779,795 ($43,185,030 long, $2,594,765 short), Ethereum (ETH) totaled $36,245,063 ($33,616,135 long, $2,628,928 short), and Solana (SOL) totaled $10,968,774 ($10,490,507 long, $478,267 short). Across both exchanges, long positions accounted for $87,291,672 of liquidations versus $5,701,960 for shorts.
What a liquidation is
A liquidation happens when an exchange force-closes a leveraged futures position because the trader's remaining margin can no longer cover the position's losses. Once the margin buffer is used up, the exchange automatically closes the position at market, regardless of what the trader would have preferred, to prevent the account balance from going negative.
What it means for futures traders
Liquidations can feed on themselves: when enough leveraged positions get force-closed in the same direction, the resulting market buy or sell orders push price further, which can trigger the next batch of liquidations. This is why leverage choice and position sizing matter as much as the trade idea itself — smaller size and lower leverage leave more room between entry and liquidation price, and a stop-loss set before entry gives a trader control over when a losing position is closed, rather than leaving that decision to the exchange's margin engine. Leveraged futures trading carries a high risk of loss, and liquidation can happen quickly once margin runs out.
BitMe tracks open futures positions on Bybit, OKX, Binance and BloFin around the clock and can send a Telegram alert when a position's liquidation risk or missing stop-loss needs attention — see liquidation & stop-loss alerts for details.