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What our tracker recorded

NexuAlpha's liquidation tracker listens to Binance's USDT-margined force-order stream (which publishes at most one order per symbol per second) and to OKX liquidation orders for BTC, ETH, SOL, XRP and DOGE. That makes every number below a floor: the real market-wide total is higher.

By contract, SOL accounted for $6.47 million, ETH $3.83 million, BTC $0.98 million, DOGE $0.43 million and XRP $0.17 million in the 24-hour window. More than half of all tracked liquidations were SOL.

The largest single liquidation was a $1,452,978 SOL short on OKX at 14:29 UTC on 10 October. Binance's hourly SOL futures candle for that hour shows the price moving from $109.87 to a high of $110.75, a rise of about 0.8% (our arithmetic). A position of that size being closed by a move under 1% tells you how much leverage was in it.

The hourly history also shows the market swinging both ways overnight: the hour to 04:03 UTC on 11 October recorded $858,621 of liquidations, all longs, and the next hour recorded $779,055, of which $696,047 were shorts.

Funding flipped negative on ETH and BTC

Funding is the periodic payment between long and short holders of a perpetual future. When it is negative, shorts pay longs, which usually means short positions are crowded. Binance's settled rates for the last six eight-hour periods:

Our funding-rate board showed the next ETH payment at −0.0101% on Binance and −0.0025% on OKX at 09:13 UTC, with BTC slightly negative on both. An ETH rate of −0.012% per eight hours is small in cash terms, about $1.20 per $10,000 of position per payment, but the direction matters: it is the first negative run in this table and it came while ETH traded flat near $2,505.

Binance open interest was $7.72 billion for BTC (up 0.3% in 24 hours) and $5.81 billion for ETH (down 0.93%), so positions were not being added aggressively. The change was in which side was paying, not in how much was open.

How we got here: Thursday's long flush

The short tilt follows a sharp move the other way. Cointelegraph, citing CoinGlass, reported $1.09 billion of crypto liquidations in the 24 hours to 10:00 UTC on Friday 9 October, $1.05 billion of them longs, after Bitcoin fell to $80,350 on Bitstamp, its lowest since 18 September. CryptoQuant data cited in the same report showed short-term holders sending more than 55,000 BTC to exchanges at a loss on Thursday.

Funds were selling too. According to Farside Investors data reported by Cointelegraph, US spot Bitcoin ETFs had net outflows of $484.9 million on 7 October, the largest since 25 June, and $244.1 million on 8 October. October outflows reached $407.4 million for Bitcoin ETFs and $578.9 million for Ether ETFs, $986.3 million combined, with Ether funds on an eight-session losing streak at that point. Decrypt tied the selling to the macro backdrop: a 30-year Treasury yield near 5.7%, the highest since 2002, Brent crude near $100, and Fed minutes showing most officials expect another rate hike this year.

Bitcoin has since steadied. Our market feed showed BTC at $83,069 and ETH at $2,505 at 09:13 UTC on 11 October, both up less than 0.4% over 24 hours.

What to watch

• US inflation data on 14 October, which Bitfinex Alpha, quoted by Cointelegraph, flagged as the next scheduled catalyst.
• Whether ETH funding stays negative. A run of negative prints in a flat market means shorts are paying to wait; if price rises, they are the ones forced to buy back.
• ETF flows. Several days of outflows were part of Thursday's drop; a return to inflows would remove one source of selling.
• The Fed meeting on 27–28 October, which Decrypt notes is the next scheduled decision.

How to act on this

Two things from today's data are practical. First, a $1.45 million position was closed by a move of less than 1%: whatever your direction, lower leverage keeps you out of the liquidation table. Second, when funding turns negative, holding a short costs money every eight hours, so check the funding board before you hold one overnight. Trading fees are the cost you can cut: on OKX, a regular account pays 0.02% maker and 0.05% taker on USDT perpetuals, and registering with code nexu888 returns 40% of trading fees, settled hourly. Compare venues on /rates and see the OKX profile. For how funding is calculated, read our funding rate explainer.

Quick answers

How much was liquidated in crypto in the last 24 hours? NexuAlpha tracked $11.87 million to 09:13 UTC on 11 October, 85% shorts. This is a lower bound from the venues we follow.

What was the biggest liquidation? A $1.45 million SOL short on OKX at 14:29 UTC on 10 October.

Why is funding negative? More traders are paying to hold shorts than longs. On Binance, ETH funding settled near −0.012% at 00:00 and 08:00 UTC on 11 October.

How big was Thursday's liquidation? About $1.09 billion in 24 hours, mostly longs, according to CoinGlass data reported by Cointelegraph.

Are ETFs still seeing outflows? Bitcoin and Ether ETFs had $986.3 million of October outflows through 8 October, per Farside data reported by Cointelegraph.

Limits

Liquidation, funding, price and open-interest figures come from NexuAlpha's market feed and Binance's public futures data at about 09:13 UTC on 11 October 2026, and will have changed by the time you read this. Our liquidation feed covers selected contracts on Binance and OKX and is a lower bound. Market-wide liquidation and ETF figures come from CoinGlass and Farside as reported by Cointelegraph, and macro data from Decrypt. This is market data, not a forecast or investment advice. Partner links may earn NexuAlpha a commission paid by the exchange, at no extra cost to you.