Overnight on October 15, the cryptocurrency market experienced its largest wave of forced margin liquidations since August, with a daily volume of $939.30 million. Long position holders absorbed $791.62 million in losses, representing 84.3% of the total. Ethereum and Bitcoin were the hardest hit, with $286.11 million and $215.49 million in liquidations respectively. Altcoins such as XRP, NEAR Protocol and Dogecoin also recorded liquidations ranging from $12.18 to $12.82 million. Despite the severity of the drop, Bitcoin held above the $80,000 psychological threshold, and the subsequent short squeeze within one hour confirmed renewed buying demand at the lows.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
