Cryptocurrency markets recorded approximately $12.5 billion in total liquidations during October 2026, according to recent data. The figure reflects a significant wave of forced position closures across major exchanges throughout the month. Long positions accounted for the majority of liquidations, totaling $9.213 billion, while short positions saw $3.29 billion wiped out. The disparity indicates that bullish traders bore the brunt of market volatility as prices moved against leveraged long bets.