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Crypto market cap drops $340B in October as Bitcoin's share rises amid $6.22B in futures liquidations

Market News
01 Nov 2026, 13:10 WIB
Tokenpost
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Bearish
Crypto market cap drops $340B in October as Bitcoin's share rises amid $6.22B in futures liquidations

The total cryptocurrency market capitalization declined by about $340 billion in October, falling from $2.94 trillion to $2.60 trillion, an 11.6% drop. Despite this, Bitcoin's share of the market increased from 58% to nearly 60%, indicating it held a larger portion of the shrinking market. Additionally, public data showed $6.22 billion in crypto futures positions were forcibly liquidated during the month, with long positions accounting for $4.27 billion and short positions $1.95 billion. This reflects significant market volatility and forced closures but does not necessarily indicate net losses for traders.

The crypto market cap decline in October provides context for Pluang's market data. For readers following major cryptocurrencies, 35 of 50 priced assets rose and 14 fell today. Notable movers include BAL at Rp16.297 with an 11.14% increase, COTI at Rp192 with a 9.76% rise and 98% buy order activity, and YFI at Rp36.497.930 up 8.25% with 100% buy orders. This snapshot is as of Nov 01, 2026 17:51 WIB.

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