EVA Terminal

Market over the day · October 25, 2026

Over the day $87.0M of positions were liquidated on the terminal's coins: longs $59.8M, shorts $27.2M. $2.09B was moved to exchanges and $2.72B out of them: a net outflow of $629.6M. BTC held on exchanges' published addresses ended the day at 818,620 BTC, +706 BTC over the day. Spot BTC ETFs in the report for October 22, 2026: −$635.5M, led by IBIT (−$254.1M). The biggest gainer was GRASS (+6.32%), the biggest loser was ANIME (−18.86%).

The day in brief

  1. Liquidations 2.9× below the average over 7 d
  2. Heaviest liquidation hour — 23:00 UTC, $14.1M — mostly longs
  3. BTC −0.89% over the day, range $79,858–$80,997
  4. Net outflow from exchanges $629.6M

Facts from the terminal’s data and comparisons with our own history; no conclusions about what comes next.

BTC and ETH price

BTC

−0.89%over the day
$80,119end of day
$79,858–$80,997range
high $80,895 · low $80,119 (hourly)
heaviest liquidation hour, 23:00largest transfer to an exchange: $15.3M, 10:44
00:0006:0012:0018:0024:00

ETH

−1.20%over the day
$2,329end of day
$2,315–$2,370range
high $2,367 · low $2,326 (hourly)
00:0006:0012:0018:0024:00

Source: the terminal’s minute archive, price at the start of each hour; range — by minute · ● heaviest liquidation hour, 23:00 · ● largest transfer to an exchange: $15.3M, 10:44 · day 2026-10-25 00:00–24:00 UTC.

Liquidations

$87.0Mtotal over the day
$59.8Mlongs liquidated
$27.2Mshorts liquidated
×0.35vs the 7-day average
hourly max $14.1M
00:00 · longs $12K00:00 · shorts $561K01:00 · longs $24K01:00 · shorts $371K02:00 · longs $55K02:00 · shorts $1.4M03:00 · longs $22K03:00 · shorts $374K04:00 · longs $24K04:00 · shorts $26K05:00 · longs $2.3M05:00 · shorts $006:00 · longs $3.4M06:00 · shorts $007:00 · longs $14K07:00 · shorts $23K08:00 · longs $4.1M08:00 · shorts $56K09:00 · longs $5.9M09:00 · shorts $167K10:00 · longs $287K10:00 · shorts $20K11:00 · longs $43K11:00 · shorts $2.1M12:00 · longs $357K12:00 · shorts $70K13:00 · longs $534K13:00 · shorts $150K14:00 · longs $158K14:00 · shorts $552K15:00 · longs $40K15:00 · shorts $3.0M16:00 · longs $51K16:00 · shorts $3.8M17:00 · longs $321K17:00 · shorts $3.3M18:00 · longs $254K18:00 · shorts $140K19:00 · longs $275K19:00 · shorts $6K20:00 · longs $374K20:00 · shorts $021:00 · longs $4.8M21:00 · shorts $022:00 · longs $174K22:00 · shorts $471K23:00 · longs $13.3M23:00 · shorts $763K
00:0006:0012:0018:0024:00

■ longs · ■ shorts · by hour UTC, liquidations from $5,000 from the minute archive

Coins with the most liquidations

ETH$26.7M
longs $19.0M
shorts $7.7M
BTC$12.3M
longs $8.3M
shorts $4.0M
ZEC$2.7M
longs $1.1M
shorts $1.6M
SOL$2.2M
longs $1.4M
shorts $820K
WLD$2.0M
longs $2.0M
shorts $26K
NEAR$1.1M
longs $394K
shorts $732K

By exchange

Binance$41.1M
OKX$24.4M
Bybit$10.2M
Gate$7.0M
Bitget$4.4M
Kraken$6K

Comparison — with the liquidation total from the minute archive over the previous 7 d (average $154.6M): the same source on both sides.

Source: liquidation streams of Bybit, Gate, Kraken, OKX, Binance, Bitget for the terminal's coins (Binance and Bitget — at most one per second per coin, smaller ones in the same second are not visible; OKX — the exchange's liquidation history) (coins with liquidations this day: 140) · day 2026-10-25 00:00–24:00 UTC. What liquidations are · without Hyperliquid

Exchange money

$2.09Bto exchanges
$2.72Bfrom exchanges
−$629.6Mnet
Binance−$466.9M
Bitfinex−$163.1M
Bybit+$362K

■ to the exchange · ■ from the exchange · right — the venue’s net

Exchanges: to and from

AmountBTCDirectionVenueTime, UTC
$15.3M190to an exchangeBinance10:44
$14.7M182to an exchangeBinance06:37
$9.6M120to an exchangeBinance14:38
$8.0M99to an exchangeBinance02:36
$8.0M100to an exchangeBinance16:40

Transfers — via exchanges’ published addresses (BTC — our own Bitcoin node), from $1M; the other side is an unknown holder: we do not use third-party labels.

Source: confirmed transfers from $1M to and from addresses the exchanges published themselves (BTC — our own Bitcoin node; ETH, USDT, USDC — Etherscan); exchange-to-exchange and internal moves are not inflow; networks with transfers this day: BTC, ETH · day 2026-10-25 00:00–24:00 UTC.

Derivatives: OI and funding

$56.53Bmarket OI at end of day
−1.53%OI over the day
+0.0055%funding per 8 h, OI-weighted

Largest OI increase

ENA+11.22%
GRASS+8.80%
PONS+5.83%
VVV+4.94%
INJ+4.52%

Largest OI decrease

COMP−23.28%
1000PEPE−7.75%
WLD−5.81%
1000BONK−4.38%
AERO−4.07%

Source: the terminal’s minute archive, OI in $ across all venues at both ends of the day; funding — the OI-weighted average of hourly readings.

Stablecoins

USDT: minted − burned$0
USDC: minted − burned−$36.7M
Into exchanges$190.8M
Out of exchanges$986.9M

Source: USDT and USDC supply on Ethereum (Etherscan; other networks are not included), transfers from $1M to exchanges’ published addresses · day 2026-10-25 00:00–24:00 UTC.

Bitcoin ETFs

Day total in the report−$635.5M
Largest fundIBIT −$254.1M

Source: TFTC (open dataset, CC BY 4.0); report for October 22, 2026 — a US trading day, published after the close.

Off-exchange whales

Off-exchange

AmountBTCDirectionTime, UTC
$63.0M785off-exchange13:55
$52.9M658off-exchange20:56
$50.0M620off-exchange18:36
$46.2M571off-exchange03:28
$28.1M350off-exchange23:07

Chain hops (output spent on further) are not counted; we do not know or name the holder.

Calendar

That day

  • 01:00EURDaylight Saving Time Shift · holiday

The next day

No major events in the calendar.

Source: the «Macro» tab calendar, medium and high importance events (● — high) and holidays, UTC time. No forecasts here.

Coins of the day

Top gainers

GRASS+6.32%
ENA+6.01%
PYTH+5.36%
VVV+3.99%
PONS+2.70%

Top losers

ANIME−18.86%
ZORA−11.80%
COMP−11.63%
SOPH−6.30%
INIT−5.32%

Source: the terminal’s minute archive, the first and last price of the day for 140 coins.