Crypto traders lose up to $392 million as risk-off selling triggers liquidations

  • Crypto traders lost about $392 million in long positions during a market pullback, according to CoinGlass.
  • Longs accounted for 81% of $487 million in total liquidations, with Ether and altcoins bearing most losses outside Bitcoin.
  • Bitcoin traded near $83,280 but remained above the estimated $81,722 ETF-holder cost basis as funds recorded seven straight inflow days through Sept. 25.

Crypto traders lost about $392 million in long positions over 24 hours as rising oil prices, Treasury yields, profit-taking and leveraged-position unwinding pressured the market, according to CoinGlass. Longs represented 81% of $487 million in total liquidations, with roughly three-quarters of losses coming from Ether, altcoins and gold contracts rather than Bitcoin. Earlier trackers had reported about $309 million in long liquidations, including approximately $306 million from CoinBoss and $234 million within a roughly $303 million total from ByKaranteli, reflecting differences in coverage, timing and methodology. Bitcoin traded near $83,280, down 1.4% over 24 hours, but remained about 2% above the estimated $81,722 average cost basis of U.S. spot Bitcoin ETF holders, whose funds recorded seven straight days of inflows through Sept. 25.

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