- Short liquidations surpassed long positions by nearly $100M, indicating failed bearish positioning.
- Aptos leads next week’s unlocks with $61.41M in new supply set to enter circulation.
- BNB Chain overtook Solana and NEAR with 52.5M active addresses, fueled by Aster related activity.
Over $405 million in crypto positions were wiped out within 24 hours, indicating increased volatility across derivatives markets. Data shows $229.58 million came from short liquidations, while $176.10 million belonged to long traders, suggesting aggressive repositioning on both sides rather than directional conviction.
Binance accounted for roughly $85 million of the wipeout, followed by Bybit with nearly $60 million and OKX with around $25 million. BitMEX and Bitfinex saw minimal spillover, with less than $1 million combined.
Contract breakdowns indicate perpetual markets drove almost the entire flush, logging $187.6 million in forced closures, while futures contributed less than $200,000.
Major Token Unlocks Set to Inject Additional Supply
Fresh supply pressure now looms over several high cap assets. As reported by CryptoRank, next week will feature large scale token unlocks across seven projects. Leading the list, Aptos (APT) faces a $61.41 million release, followed by Linea with $27.28 million.
Jito (JTO) will add $17.97 million in circulating supply, while AVNT and HOME unlock $13.71 million and $9.83 million respectively. Smaller allocations include HOLO at $7.64 million and BABY at $6.24 million.
These unlock schedules arrive shortly after leveraged market liquidations, introducing another variable for traders weighing near term price stability.
BNB Chain Surpasses Solana and NEAR
Network activity is also changing among major blockchains. BNB Chain recorded 52.5 million active addresses in September, overtaking NEAR Protocol’s 51.8 million and Solana’s 45.8 million.
This is the first time since August 2024 that Solana has lost the top spot by this metric. Analysts attribute BNB Chain’s surge in usage to momentum surrounding Aster, a project driving increased activity across decentralized applications.
However, despite the traffic spike, transaction value trends are tracked amid broader market turbulence.
Derivatives Flows and Network Data
The contrast between heavy liquidations and expanding network activity shows fragmented investor behavior. Short liquidations still exceeded long liquidations by nearly $100 million, indicating failed bearish positioning despite ongoing caution.
Yet, token unlock schedules and rising address counts suggest continued engagement across different segments of the market rather than outright withdrawal. With perpetual contracts driving most of the forced exits, attention now changes toward whether upcoming unlocks add more volatility or simply redistribute liquidity across ecosystems.
