On August 2, total liquidations in the crypto market reached $20.038 million, indicating high volatility and active trading.
Liquidation in the Crypto Market
According to Coinglass data, on August 2, there were $20.038 million liquidated in just one hour. Of this sum, $18.7707 million came from long positions and $1.2673 million from short positions. This event highlights notable volatility in the cryptocurrency market.
Impact on BTC and ETH
The liquidations primarily affected Bitcoin (BTC) and Ethereum (ETH) futures. Analysts suggest that the magnitude of these liquidations indicates potential high-leverage involvement in the market. At the time of liquidation, there were no official comments from notable industry leaders.
Historical Liquidation Spikes
Liquidation peaks in the crypto market often align with market volatility, as seen in previous events from 2024 and 2025. According to CoinMarketCap, Bitcoin currently stands at $113,123.82, with a market cap of $2.25 trillion.
In conclusion, the recent $20 million liquidation underscores the volatility of the cryptocurrency market and the risks associated with high leverage. This also confirms that such events are becoming routine in the fast-changing landscape of crypto.
