Bitcoin long liquidations hit largest level since early June

Leveraged Bitcoin bulls just had their worst stretch in roughly four months. More than 14,505 BTC, worth about $1.17 billion, has been liquidated from long positions, according to data shared on X.

That marks the largest long liquidation since early June 2026.

The damage came during a volatile stretch from October 6 to 8, 2026. Over that window, Bitcoin dropped approximately $1,600 and fell below the psychologically important $84,000 level.

Lows during the move ranged between $82,700 and $83,800.

The sharpest moment hit on October 6. Bitcoin slid from approximately $85,500 to near $83,800 in about 15 minutes.

That quick drop set off around $400 million in long liquidations within a single hour. More than 100,000 traders were caught up in the wipeout.

Across crypto derivatives, liquidations reached approximately $555 million within 24 hours, mostly from longs. Some estimates put the figure between $696 million and $1.02 billion over broader 24-hour periods. The X data tallies about $1.17 billion in long liquidations alone.

Live trackers including ByKaranteli and CoinGlass indicated that long positions accounted for over 90% of liquidation totals.

The action concentrated on the biggest derivatives venues. Binance, Hyperliquid, and Bybit were the leading platforms during the period, with Binance noted for significant BTCUSDT orders.