Crypto Markets See $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 $81,374.00, up 0.1% since this brief published. This is an original TLT brief based on reporting by Crypto Economy, with live market data added, as of Fri, 23 Oct 2026 01:00:05 UTC.
The significant liquidation volume indicates a major shift in market sentiment and could amplify price movements as leveraged positions are forcibly closed.
- Bitcoin fell 3.43% and Ethereum dropped 3.64% in the past 24 hours.
- Total crypto liquidations reached $458.05M, with $418M from long positions.
- Binance accounted for 43.5% of total liquidations.
- U.S. Bitcoin ETF inflows hit $528.40M on October 21.
- Ethereum Tests Key Support at $2.5K Amidst Volatility and Liquidations
- Bitcoin and Ethereum Plunge on Hot CPI, Triggering $1 Billion in Crypto Liquidations
- Ethereum Plunges Below $2,400 Amid Inflation-Driven Selloff and Liquidations
- Crypto Markets See $458M in Liquidations Amid Bitcoin and Ethereum Sell-Off — this brief
The cryptocurrency market experienced a sharp sell-off, with 
Bitcoin and 
Ethereum leading the decline. Bitcoin dropped 3.43% over the past 24 hours to $81,261, while Ethereum fell 3.64% to $2,385.07.
The price drop triggered a wave of liquidations, with total liquidations reaching $458.05 million. Long positions were hit particularly hard, accounting for $418 million or 91.2% of the total losses.
Binance was the most affected exchange, representing 43.5% of the total liquidation volume. This indicates that a significant portion of the leveraged positions were held on the platform.
Despite the sell-off, there are signs of continued institutional interest in Bitcoin. U.S. spot Bitcoin ETFs attracted $528.40 million in net inflows on October 21, according to the report.
The broader crypto market is also down, with the total market cap falling to $2.79 trillion. The Fear & Greed Index remains at 50, indicating a neutral market sentiment.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $81,261.00 to $81,374.00 — +0.14%.
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 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.
Will Bitcoin reach $85,000 in October?
Crowd-implied probability on Polymarket, $94.78K 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 TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦111.17M (about $81,374.00), down 3.3% over 24 hours. The naira itself trades about 3.1% 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.
Crypto Markets See $458M in Liquidations Amid Bitcoin and Et — questions & answers
What caused the recent crypto market sell-off?
The sell-off was likely triggered by a combination of profit-taking and leveraged position liquidations as Bitcoin and Ethereum prices fell.
How much did Bitcoin and Ethereum drop in the past 24 hours?
Bitcoin dropped 3.43% to $81,261, while Ethereum fell 3.64% to $2,385.07.
What is the significance of the $528.40M ETF inflow?
The substantial ETF inflow suggests ongoing institutional interest in Bitcoin, even as the market experiences volatility.
How much is 1 Bitcoin worth in naira today?
About ₦111.17M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81,374.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.14% since this brief first published — trading at $81,374.00 now versus $81,261.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 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.