Key Takeaways
- • The total crypto market capitalization fell by about $340 billion in October, from $2.94 trillion to $2.60 trillion, an 11.6% decline.
- • Bitcoin's share of the total crypto market rose from 58% to nearly 60% over the month, indicating relative resilience during the contraction.
- • Public data showed $6.22 billion in crypto futures positions were forcibly liquidated in October, with $4.27 billion in long positions and $1.95 billion in shorts.
- • As of Nov 1, 2026, 35 of 50 priced assets on Pluang rose and 14 fell, with BAL, COTI and YFI among the day's notable gainers.
Summary
The total cryptocurrency market capitalization declined by roughly $340 billion during October, falling from $2.94 trillion to $2.60 trillion, according to figures cited by Pluang. The 11.6% contraction represents a significant drawdown for the asset class over the month.
Despite the broader decline, Bitcoin's dominance increased from 58% to nearly 60%. The shift indicates that Bitcoin held a larger proportion of a shrinking market than it did at the start of the month, reflecting relatively stronger performance against the altcoin segment.
Public data reported that $6.22 billion in crypto futures positions were forcibly liquidated during October. Long positions accounted for $4.27 billion of the total and short positions for $1.95 billion. Pluang notes that liquidation volumes reflect market volatility and forced closures but do not necessarily indicate net losses for traders.
On the day of publication, Pluang's market snapshot as of Nov 1, 2026 at 17:51 WIB showed 35 of 50 priced assets rising and 14 falling. Among the notable movers were BAL at Rp16,297 (up 11.14%), COTI at Rp192 (up 9.76% with 98% buy-side order activity), and YFI at Rp36,497,930 (up 8.25% with 100% buy orders).
Despite the broader decline, Bitcoin's dominance increased from 58% to nearly 60%. The shift indicates that Bitcoin held a larger proportion of a shrinking market than it did at the start of the month, reflecting relatively stronger performance against the altcoin segment.
Public data reported that $6.22 billion in crypto futures positions were forcibly liquidated during October. Long positions accounted for $4.27 billion of the total and short positions for $1.95 billion. Pluang notes that liquidation volumes reflect market volatility and forced closures but do not necessarily indicate net losses for traders.
On the day of publication, Pluang's market snapshot as of Nov 1, 2026 at 17:51 WIB showed 35 of 50 priced assets rising and 14 falling. Among the notable movers were BAL at Rp16,297 (up 11.14%), COTI at Rp192 (up 9.76% with 98% buy-side order activity), and YFI at Rp36,497,930 (up 8.25% with 100% buy orders).
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