A post by @WatcherGuru on X.

Crypto liquidations totaled $12.5 billion in October 2026, per data shared by Watcher.Guru, with long positions accounting for $9.21 billion and shorts $3.29 billion. The heavy skew toward longs—roughly 74% of total liquidations—indicates a sharp market decline caught leveraged bullish traders off guard during the month. The $12.5 billion figure ranks among the largest monthly liquidation totals on record, underscoring elevated volatility across major venues as cascading forced sales amplified price moves. The imbalance suggests crowded long positioning built up before the drawdown, leaving the market more vulnerable to downside shocks. Traders and analysts will be watching whether open interest resets lower and funding rates normalize in November, which could set the stage for reduced leverage and calmer conditions, or whether renewed long rebuilding sets up further liquidation risk.