Crypto Market Sees $458M in Liquidations Amid Bitcoin and Ethereum Sell-Off
Bitcoin and Ethereum prices dropped sharply, triggering $418M in long liquidations as the broader crypto market declined.
Bitcoin and Ethereum prices dropped sharply, triggering $418M in long liquidations as the broader crypto market declined. Bitcoin (BTC) is trading at ₹77,26,202 ($81,413.00), up 0.2% since this brief published. This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Fri, 23 Oct 2026 01:30:01 UTC.
The significant liquidation event highlights the market's sensitivity to price swings and the impact of leveraged trading on volatility. This could influence investor sentiment and trading strategies in the short term.
- Total crypto liquidations reached $458.05M in the past 24 hours.
- 91.2% of liquidations were from long positions, totaling $418M.
- Binance accounted for 43.5% of the total liquidation volume.
- Bitcoin and Ethereum prices fell 3.43% and 3.64% respectively in the last day.
- Bitcoin and Ethereum Plunge on Hot CPI Data, Triggering $1 Billion in Crypto Liquidations
- Binance Sees $106M in ETH Long Liquidations Amid Market Turmoil
- Ethereum Drops Below $2,400 Amid Inflation-Driven Sell-Off and Liquidations
- Ethereum Derivatives Market Sees $30.6B Open Interest Amid Long Liquidations
- Crypto Market Sees $458M in Liquidations Amid Bitcoin and Ethereum Sell-Off — this brief
The cryptocurrency market witnessed a sharp sell-off, resulting in $458.05 million in total liquidations over the past 24 hours. According to Crypto Economy, $418 million of these liquidations were from long positions, representing 91.2% of the total losses.
Bitcoin and 
Ethereum were the primary drivers of this trend, with Bitcoin falling 3.43% to $81,261 and Ethereum dropping 3.64% to $2,385.07 in the last day. The broader crypto market also declined, contributing to the liquidation cascade.
The data shows that Binance was the most affected exchange, accounting for 43.5% of the total liquidation volume. This suggests a significant concentration of leveraged trading activity on the platform.
In contrast to the market downturn, U.S. spot Bitcoin ETFs saw net inflows of $528.40 million on October 21, indicating continued institutional interest despite the price decline.
The overall crypto market cap stands at $2.79 trillion, with the Fear & Greed Index at 50, indicating a neutral market sentiment. The recent price movements and liquidation activity could influence short-term trading strategies and investor behavior.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹77,11,777.06$81,261.00 to ₹77,26,202.06$81,413.00 — +0.19%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin reach $85,000 in October?
Crowd-implied probability on Polymarket, ₹8.99M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 23 00:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.41M (about $81,413.00), down 3.4% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Crypto Market Sees $458M in Liquidations Amid Bitcoin and Et — questions & answers
What caused the large number of liquidations?
The sharp decline in Bitcoin and Ethereum prices triggered the liquidation of leveraged long positions.
Which exchange had the most liquidations?
Binance accounted for 43.5% of the total liquidation volume.
How much did Bitcoin and Ethereum prices fall?
Bitcoin fell 3.43% and Ethereum dropped 3.64% in the last 24 hours.
How much is 1 Bitcoin worth in rupee today?
About ₹8.41M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,413.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.19% since this brief first published — trading at ₹77,26,202 ($81,413.00) now versus ₹77,11,777 ($81,261.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.