Between 14:00 and 15:00 UTC on 24 October 2026, Bybit, OKX and Binance together force-closed $76,918,451 in leveraged futures positions — the single biggest hour in BitMe's continuous recording of these three exchanges' public liquidation streams. This note covers only Bybit, OKX and Binance; it is not a market-wide total. Over the full window BitMe recorded — 23 October 14:00 to 24 October 14:00 UTC — the same three exchanges combined for $167,712,529 in forced closures.
What happened
In that peak hour, the per-symbol split was: Bitcoin (BTC) $34,503,651, Ethereum (ETH) $36,476,938, and Solana (SOL) $5,937,862.
The table below shows how the full 23 October 14:00 – 24 October 14:00 UTC window split across the three exchanges, by long and short positions.
| Exchange | Long liquidated | Short liquidated | Total |
|---|---|---|---|
| Bybit | $24,442,985 | $1,856,998 | $26,299,982 |
| OKX | $14,437,437 | $2,422,794 | $16,860,231 |
| Binance | $117,482,094 | $7,070,218 | $124,552,312 |
Across the same window, long positions made up $156,362,517 of the total and short positions $11,350,012, out of a combined $167,712,529. By symbol over the full window: Bitcoin $83,222,188, Ethereum $68,570,925, Solana $15,919,416.
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 a trader control a position larger than their own capital through leverage; the exchange sets a liquidation price at which the remaining margin would hit zero. If the market reaches that price, the exchange closes the position automatically — regardless of whether the trader wanted to exit — to prevent the account balance from going negative.
What it means for futures traders
Forced closures of this size can feed on themselves: a wave of long liquidations becomes forced selling that pushes price lower, which can trigger the next batch of longs sitting just below the market, and the reverse happens with short liquidations and forced buying. This is why the distance between an entry price and a liquidation price matters as much as the direction of a trade. A stop-loss placed before a position is opened gives a trader a planned exit instead of letting the exchange choose one at the liquidation price. Sensible leverage and position sizing — risking only a portion of an account on any single trade — keep a single move in Bitcoin, Ethereum or Solana from affecting an entire balance. Leveraged trading carries a high risk of loss.
BitMe's position monitor watches open futures positions on Binance, Bybit, OKX and BloFin around the clock and can flag how close a position sits to its liquidation price, with Telegram alerts sent before that line is reached. See liquidation and stop-loss alerts for details.