Roughly $110 million in short positions were liquidated in just 10 minutes across crypto derivatives markets on October 2, 2026. Liquidation trackers including ByKaranteli recorded this rapid wave of forced short closures. A $2.1 million ETH short was liquidated on Binance, alongside several multimillion-dollar BTC and ETH liquidations on centralized exchanges. In the 24 hours prior, total liquidations ranged from $100 million to $170 million, with shorts often exceeding $70 million of that amount. This event fits a 2026 pattern where fast rallies have erased between $50 million and over $260 million in shorts, with CoinGlass data showing shorts typically represent 65-90% of all liquidations during major price surges.
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