Record Liquidation: $5.01 Billion Crypto Implosion
The post Record Liquidation: $5.01 Billion Crypto Implosion appeared on BitcoinEthereumNews.com. Key Points: A global liquidation event affected 117,380 crypto traders. $5.01 billion liquidated, with short positions dominating. BTC and ETH prices surged during the trading day. In the past 24 hours, $5.01 billion was liquidated across global cryptocurrency markets, impacting 117,380 traders, with significant liquidations in both long and short positions, according to Coinglass data. This significant liquidation underscores the volatile nature of cryptocurrency markets and highlights the risks associated with leveraged trading strategies, affecting major assets like BTC and ETH. $5.01 Billion Crypto Liquidation Hits Over 100,000 Traders On August 13th, a substantial liquidation event impacted 117,380 traders globally, with Coinglass reporting a total of $5.01 billion liquidated. Binance, OKX, BitMEX, and Bybit were among the exchanges hosting significant activity. No direct comments from key executives were noted regarding this specific event. Market conditions are exhibiting increased volatility, particularly among high-leverage asset positions. Major cryptocurrencies like BTC and ETH experienced price shifts, affecting open interest ratios and forcing position adjustments among traders. Community responses emphasized the repeated nature of such volatility and liquidations. Traders and analysts observed this as a reflection of excessive market leverage. Exchanges provided data without additional insights, awaiting more stable market assessments. Arthur Hayes, Co-Founder of BitMEX, shared his trading experience, stating, “I sold 2,373 ETH at $3,507 each, totaling $8.32 million. Four hours ago, I purchased Ethereum using 10.5 million USDC.” (August 8) Historical Records Shattered as Crypto Faces Unprecedented Loss Did you know? The August 13th liquidation event surpassed previous records, with a mass liquidation totaling $5.01 billion. This signifies the largest single-day loss in comparison to past occurrences, such as August 10, 2025, when $343 million was liquidated. According to CoinMarketCap, Bitcoin’s price reached $119,351.92 with a market cap of $2.38 trillion and a trading volume decline of 9.93%. BTC marked gradual…
The post Record Liquidation: $5.01 Billion Crypto Implosion appeared on BitcoinEthereumNews.com.
Key Points: A global liquidation event affected 117,380 crypto traders. $5.01 billion liquidated, with short positions dominating. BTC and ETH prices surged during the trading day. In the past 24 hours, $5.01 billion was liquidated across global cryptocurrency markets, impacting 117,380 traders, with significant liquidations in both long and short positions, according to Coinglass data. This significant liquidation underscores the volatile nature of cryptocurrency markets and highlights the risks associated with leveraged trading strategies, affecting major assets like BTC and ETH. $5.01 Billion Crypto Liquidation Hits Over 100,000 Traders On August 13th, a substantial liquidation event impacted 117,380 traders globally, with Coinglass reporting a total of $5.01 billion liquidated. Binance, OKX, BitMEX, and Bybit were among the exchanges hosting significant activity. No direct comments from key executives were noted regarding this specific event. Market conditions are exhibiting increased volatility, particularly among high-leverage asset positions. Major cryptocurrencies like BTC and ETH experienced price shifts, affecting open interest ratios and forcing position adjustments among traders. Community responses emphasized the repeated nature of such volatility and liquidations. Traders and analysts observed this as a reflection of excessive market leverage. Exchanges provided data without additional insights, awaiting more stable market assessments. Arthur Hayes, Co-Founder of BitMEX, shared his trading experience, stating, “I sold 2,373 ETH at $3,507 each, totaling $8.32 million. Four hours ago, I purchased Ethereum using 10.5 million USDC.” (August 8) Historical Records Shattered as Crypto Faces Unprecedented Loss Did you know? The August 13th liquidation event surpassed previous records, with a mass liquidation totaling $5.01 billion. This signifies the largest single-day loss in comparison to past occurrences, such as August 10, 2025, when $343 million was liquidated. According to CoinMarketCap, Bitcoin’s price reached $119,351.92 with a market cap of $2.38 trillion and a trading volume decline of 9.93%. BTC marked gradual…
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