Bitcoin Leads $82.94 Million One-Hour Liquidation Across Markets, Coinglass Data Shows

COINOTAG News reported on October 21 that, according to Coinglass data, roughly $82.94 million was liquidated across the crypto network in a single hour, with long positions bearing the majority of losses.

The tally shows long liquidations reaching $74.32 million, including $27.29 million in Bitcoin longs, underscoring a sharp unwind of leveraged bets during the period.

For traders, the figures highlight the need for margin discipline and liquidity considerations in volatile sessions, as liquidations can cascade when risk thresholds are breached.

Market participants should monitor ongoing liquidity pressure and volatility spikes, refining risk controls and stop-loss triggers to navigate such risk-off episodes.