Crypto selloff liquidates $1.5 billion in leveraged bets
CoinDesk reported that a selloff in bitcoin, ether and XRP wiped out $1.5 billion in leveraged crypto positions, with bets on rising prices making up nearly 84% of forced closures and Binance handling almost half the total. A rebound has since begun catching short sellers, the report said.
Key facts
BTC after this site detected it
- 5 minutes+0.07%Gate · USDT
- 1 hour-0.18%Gate · USDT
- 24 hours-1.75%Gate · USDT
Claims and open questions
Only one publisher so far. Another independent outlet or an official source would raise it.
core coin BTC
What sources claim
- CoinDesk reported that a selloff in bitcoin, ether and XRP wiped out $1.5 billion in leveraged crypto bets.
- Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total, according to CoinDesk.
- CoinDesk reported that a rebound has since started catching short sellers.
Still unresolved
- Which specific price levels triggered the bulk of the $1.5 billion in liquidations, and whether exchange data such as Binance's liquidation feed confirms the near-84% long share.
- What share of the remaining forced closures fell on venues other than Binance, and which of those venues reported them.
Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished.
Source evidence
Published Oct 30, 2026, 06:22 · Received Oct 30, 2026, 06:23
Market reaction after detection
Measured from the sample nearest site detection, on the same source and quote currency.
| Window | Return | Actual sampled interval / source |
|---|---|---|
| 5 minutes | +0.07% | Oct 30, 2026, 06:23 → Oct 30, 2026, 06:28 (UTC) Gate · USDT |
| 1 hour | -0.18% | Oct 30, 2026, 06:23 → Oct 30, 2026, 07:23 (UTC) Gate · USDT |
| 24 hours | -1.75% | Oct 30, 2026, 06:23 → Oct 31, 2026, 06:23 (UTC) Gate · USDT |
Timing does not establish causation. Methods and limitations →
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