$1.67B Crypto Liquidations Hit Traders as Binance Faces Breach

| cryptobriefing.com
Crypto liquidations surged as market pressure intensified. In an earlier report on October 15, CoinGlass recorded $476 million in liquidations in one hour, including $457 million in long positions. Binance accounted for about 62% of that total; ETH liquidations were about $199 million and BTC liquidations $110 million. BTC was near $81,000 and ETH near $2,362, both down over 24 hours. The full-day total was $922 million, affecting 174,600 traders. By October 30, 2026, 24-hour crypto liquidations had risen to about $1.67 billion across 254,045 traders. Longs made up roughly 86% of the total, with about $560 million in BTC liquidations and $360 million in ETH liquidations. Binance represented around half of liquidation volume, while Hyperliquid accounted for an estimated 19% to 22%. The latest report also coincided with a reported Binance security breach that the exchange said affected about $6.3 billion in assets and led it to suspend deposits and withdrawals. The breach may have added to market stress, but liquidation figures alone do not establish its precise effect. The sharp increase in crypto liquidations underscores the risks of leverage and restricted exchange access during volatile markets.
Bearish
The news is bearish for BTC and ETH in the short term. Heavy liquidations dominated by long positions indicate forced selling and crowded bullish positioning, while the rise from the earlier liquidation reports to $1.67 billion suggests substantially greater market stress. The reported Binance breach and suspension of deposits and withdrawals could further unsettle traders, restrict access to funds, and encourage risk reduction. These factors can amplify volatility and selling pressure, although liquidation totals do not by themselves prove that the breach caused the sell-off or predict further price declines. Over the longer term, the direct price effect may fade if trading access is restored and confidence recovers; persistent security concerns or continued leverage unwinds could keep risk appetite subdued. The reports provide no later BTC or ETH price levels, so the outlook should be treated as a near-term risk signal rather than a definitive trend forecast.