According to @OnchainLens, 1,662,162 traders were liquidated in the past 24 hours with total liquidations reaching $19.31B, citing Coinglass Liquidation Data as the source. Coinglass defines liquidations as forced closures of leveraged positions, indicating broad deleveraging across the crypto derivatives market during this period, per Coinglass Liquidation Data. The post characterizes October as DownTober rather than Uptober to reflect the spike in liquidations, per @OnchainLens.