Bulls Absorb $688M in Liquidations as Crypto Market Faces Pressure
Leveraged crypto traders faced a $774 million liquidation wave, with bulls bearing the brunt of the losses.
Leveraged crypto traders faced a $774 million liquidation wave, with bulls bearing the brunt of the losses. Ethereum (ETH) is trading at $2,531.30. This is an original TLT brief based on reporting by BeInCrypto, with live market data added, as of Tue, 13 Oct 2026 07:45:03 UTC.
This liquidation event highlights the impact of macroeconomic and geopolitical factors on crypto markets, demonstrating the risks associated with leveraged trading during market volatility.
- Total crypto liquidations reached $774.14 million in the past 24 hours.
- Bulls lost $688.56 million, accounting for 89% of total liquidations.
- Ethereum longs experienced the largest losses amidst market downturn.
- Market remains flat despite the liquidation wave, with Fear & Greed at 57 (Greed).
A significant wave of crypto liquidations occurred over the past 24 hours, totaling $774.14 million, as reported by multiple outlets. This event was primarily driven by leveraged traders being caught on the wrong side of a market selloff.
Bulls were the hardest hit, accounting for $688.56 million of the total liquidations. This represents 89% of the overall losses, indicating the vulnerability of long positions during the market downturn.
Ethereum (ETH) longs experienced the most substantial losses, reflecting the broader market trend. The liquidation event was influenced by a combination of macroeconomic and geopolitical factors, including a sharp stock market decline in Asia.
Despite the significant liquidation volume, the overall crypto market remained relatively stable. The total market cap stood at $2.89 trillion, with 
Bitcoin (BTC) experiencing a modest 0.61% decline over the 24-hour period. The Fear & Greed Index remained in 'Greed' territory at 57, suggesting continued investor confidence.
In related news, eligible clients can custody XRPL-issued RLUSD through the DIFC branch, as reported by CryptoSlate. However, the planned LMAX collateral link remains conditional and undated, indicating potential future developments in the stablecoin market.
Since this brief published about 6 hours ago, Ethereum (ETH) has moved from $2,531.43 to $2,531.30 — -0.01%.
The chart plots ETH'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 TLT'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.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.46M (about $2,531.30), down 1.3% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bulls Absorb $688M in Liquidations as Crypto Market Faces Pr — questions & answers
What caused the recent crypto liquidation wave?
The liquidation wave was triggered by a combination of macroeconomic and geopolitical factors, including a sharp stock market decline in Asia.
How much did bulls lose in the liquidation event?
Bulls lost $688.56 million, which is 89% of the total $774.14 million in liquidations.
What is the current state of the crypto market?
The total crypto market cap is $2.89 trillion, with Bitcoin down 0.61% in the last 24 hours. The Fear & Greed Index is at 57, indicating 'Greed.'
How much is 1 Ethereum worth in naira today?
About ₦3.46M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,531.30. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from BeInCrypto. 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 TLT 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.