October 13th 2026, 1:59 AM
Crypto Liquidations Wipe Out $688 Million, Bulls Bear the Brunt
Key Summary
A $774 million crypto liquidation wave has led to significant losses for leveraged bulls, with longs accounting for 88.9% of the total losses. The decline is attributed to macro and geopolitical factors, including a sharp stock rout in Asia and inflation worries, as well as the upcoming release of the US Consumer Price Index (CPI) report.
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Crypto Liquidations Over The Past 24 Hours
Crypto Liquidations Over The Past 24 Hours. Source: CoinGlassMarket Impact
Bitcoin (BTC) dropped 2.67% to $81,594, while Ethereum (ETH) lost 4.46% to $2,429.16. Altcoins fell further, with Solana (SOL) declining 7.11% to $103.62 and Zcash (ZEC) sliding 9.54%.Trading Activity
CoinGlass data showed 172,662 traders liquidated, with longs making up 88.9% of the total and shorts accounting for $85.58 million.Notable Trader
Blockchain analytics account Lookonchain flagged AguilaTrades, a trader with $38 million in total losses, opening a 40x short on 124.24 BTC.Market Outlook
The decline came as the Middle East conflict escalated. Houthi attacks on Saudi airports have killed at least 20 people in a week, including a US national, CBS reported. President Donald Trump has said the US may join Saudi Arabia’s offensive against the Houthis in Yemen. Inflation worries also hung over markets. Treasury yields sit near 24-year highs, raising the appeal of bonds over non-yielding assets.#CryptoLiquidations#US#Crypto#Asia