Ten minutes. That is reportedly how long it took for $110 million in short positions to be wiped out across crypto derivatives markets.

The $110 million figure covers short positions that were forcibly closed within a single 10-minute window. Research compiled on the event places it on October 2, 2026.

Liquidation trackers, including ByKaranteli, showed heavy short liquidations lining up with a burst of market volatility.

In the 24 hours before the spike, total liquidations ranged from $100 million to $170 million, and shorts often made up more than $70 million of that.

One standout was a $2.1 million ETH short liquidated on Binance. Several multimillion-dollar liquidations in BTC and ETH also hit centralized exchanges.

Recent liquidation…