Bybit, OKX and Binance together liquidated $341,170,577 in leveraged crypto futures positions between 28 Oct 22:00 and 29 Oct 22:00 UTC 2026 — a roughly 25-hour window. This figure covers only these three exchanges, as recorded by BitMe's continuous tracking of their public liquidation streams; it is not a market-wide total.
What happened
Of the full window, the single hour of 2026-10-29 20:00–21:00 UTC saw $227,561,305 liquidated — a large part of the roughly 25-hour total. In that hour, Bitcoin (BTC) accounted for $113,451,253, Ethereum (ETH) for $89,146,722 and Solana (SOL) for $24,963,330.
Across the full window, longs were liquidated far more than shorts: $285,828,669 in long positions against $55,341,908 in short positions. The table below shows how the totals split by exchange.
| Exchange | Longs liquidated | Shorts liquidated | Total |
|---|---|---|---|
| Binance | $209,094,567 | $34,628,614 | $243,723,180 |
| Bybit | $59,142,329 | $8,800,964 | $67,943,293 |
| OKX | $17,591,774 | $11,912,325 | $29,504,099 |
By asset over the full window, Bitcoin (BTC) led with $169,444,303 total liquidated ($140,861,010 long, $28,583,293 short), followed by Ethereum (ETH) at $138,338,731 total ($114,783,733 long, $23,554,998 short) and Solana (SOL) at $33,387,543 total ($30,183,926 long, $3,203,617 short).
What a liquidation is
A liquidation happens when an exchange force-closes a futures position because the trader's margin can no longer cover the position's losses. Futures let traders open positions larger than their account balance by using leverage; as price moves against an open position, margin is eaten away until it hits the exchange's maintenance level, at which point the exchange automatically closes the position to prevent the account from going negative. This is an automated risk-management action by the exchange, not a market event with a specific cause.
What it means for futures traders
Liquidations can feed on themselves: a forced sell closing a long position adds selling pressure, which can push price down further and trigger the next long's liquidation, while forced buy-backs from short liquidations can push price up. This is why having a stop-loss in place before margin is threatened matters — it lets a trader exit on their own terms rather than at the exchange's maintenance price. Sensible leverage and position sizing (risking only a planned portion of the account per trade) reduce how close a position sits to its liquidation price in the first place. Leveraged futures trading carries a high risk of loss, and the numbers above cover only three exchanges over one roughly 25-hour window — they say nothing about what happens next.
BitMe tracks open futures positions on Binance, Bybit, OKX and BloFin and can alert you via Telegram as price approaches your liquidation level, so you see the risk building instead of finding out after the fact. See liquidation and stop-loss alerts for details.