Betting against crypto turned expensive this weekend. Traders saw $113 million in short positions forcibly closed over a 24-hour window ending October 5, 2026, according to data compiled by Coinglass.

That figure made up the lion’s share of approximately $138 million in total liquidations. Long positions, the bets on rising prices, accounted for only $25.16 million of the wipeouts. Shorts were liquidated at more than four times the rate of longs.

A liquidation happens when a leveraged trader’s collateral can no longer cover their losses. The exchange then closes the position automatically.

Bitcoin led the carnage. Short positions on the largest crypto asset accounted for $57.07 million of the liquidations, roughly half of all shorts closed…