--- title: "Crypto selloff liquidates $1.5 billion in leveraged bets" description: "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…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-ether-xrp-selloff-wipes-ef73986a122610" published: 2026-10-30T06:23:57.000Z updated: 2026-10-31T06:24:00.000Z indexable: true --- # 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… Attributed sources: [CoinDesk]() ## Key facts 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. Evidence strength: Single source, 1 publisher group(s) (CoinDesk). After site detection, observed returns were 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) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.27% (OKX · USDT; cutoff Oct 30, 2026, 06:23, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.07% | +0.07% | 0.00 pts | Oct 30, 2026, 06:23 → Oct 30, 2026, 06:28 | Gate · USDT | | 1 hour | -0.18% | -0.18% | 0.00 pts | Oct 30, 2026, 06:23 → Oct 30, 2026, 07:23 | Gate · USDT | | 24 hours | -1.75% | -1.75% | 0.00 pts | Oct 30, 2026, 06:23 → Oct 31, 2026, 06:23 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.27% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 30, 2026, 06:23 | ## Claims and open questions - 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. - 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. ## Source evidence - [Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets]() — CoinDesk; published Oct 30, 2026, 06:22; received Oct 30, 2026, 06:23 (UTC). ## Recent BTC events and market reactions - [Nasdaq-listed Next Technology authorizes sale of up to $450 million in bitcoin]() — Published Oct 31, 2026, 12:49 (UTC) · Single source (1 publisher) · Security · 5m -0.02% - [Wall Street analysts call Binance hack a buying opportunity for crypto stocks]() — Published Oct 30, 2026, 20:06 (UTC) · Single source (1 publisher) · Security · 5m +0.06% / 1h -0.35% - [Binance confirms record $6.4 billion hack as Bitcoin holds steadier than in 2018]() — Published Oct 30, 2026, 18:45 (UTC) · Single source (1 publisher) · Security · 5m -0.13% / 1h +0.13% - [SEC charges two companies over $130 million crypto investment scheme]() — Published Oct 30, 2026, 14:38 (UTC) · Single source (1 publisher) · Regulation · 5m +0.00% / 1h +0.78% - [Analysts keep buy ratings on Strategy after preferred-stock changes]() — Published Oct 30, 2026, 14:30 (UTC) · Single source (1 publisher) · General news · 5m +0.21% / 1h +0.79% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() 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. [Methods and limitations]()