Crypto Long Positions Worth $570 Million Liquidated After Clarity Act Fails

Bullish cryptocurrency futures positions worth about $570 million were liquidated over a 24-hour period after the Clarity Act failed, according to CoinDesk. Long positions—trades positioned for prices to rise—accounted for the reported losses. Bitcoin and ether futures traders suffered the largest share of the liquidations among the assets covered. The sharp reduction in leveraged bullish exposure highlights the pressure facing crypto derivatives markets following the legislative setback. The liquidation figures relate to futures positions rather than direct holdings of bitcoin or ether. The development is relevant for BTC and ETH markets, where forced closures can rapidly reduce open bullish exposure. CoinDesk reported the liquidations on Sept. 16, 2026. Other related crypto assets include AKE, LION and ONG, although the supplied report does not provide individual liquidation figures for those tokens.