$IRYS took the heaviest hit of the day. It accounted for $60.1M of the $286.6M in positions forced shut over the 24 hours to Oct 23, including the largest single closure at $4.3M. Across the market, leveraged longs lost $152.7M and shorts $133.9M over 133,296 events.

Open bets across 27 perpetual venues totaled $72.79B, -0.62% against a day earlier, with 15.79% held on decentralized venues. On Hyperliquid, the 272 large accounts holding positions had only 42.7% of their dollars on the long side.

US spot Bitcoin ETFs posted net flows of -$635.5M on Oct 22, and Ether ETFs -$110.5M. The biggest resting $BTC order band sits on the sell side, $38.4M at $81.5K, 0.05% above mid.