$652M Crypto Liquidations as Bitcoin Hits $115K

Crypto markets saw $652M liquidated in 24 hours as Bitcoin hit $115K. Ethereum trade on Binance led with a $13.79M liquidation.

Aurelien Sage August 1, 2025 - 4:45 PM

Crypto liquidations surge as Bitcoin hits $115K

Market

$652.71M liquidated in crypto in 24 hours
Bitcoin surged to $115K during market shakeup
Largest liquidation was a $13.79M ETH trade on Binance

In the last 24 hours, the crypto market faced heavy liquidations totaling $652.71 million, triggered by Bitcoin’s recent price action as it consolidated around the $115,000 mark. This sharp move caught many traders off guard, especially those with high-leverage positions.

Bitcoin’s bullish run to $115K came with volatility that forced mass liquidations across major exchanges. A mix of long and short positions were wiped out as price fluctuations became unpredictable. This trend reflects the risks involved in leveraged trading, especially in volatile markets like crypto.

ETH Trade Tops the Liquidation List

While Bitcoin led the rally, Ethereum traders took the hardest hit. The largest single liquidation in the last 24 hours was an Ethereum trade worth $13.79 million on Binance. This massive loss shows how high-stake trades can quickly turn disastrous under unexpected market movements.

Most of the liquidations occurred on top platforms like Binance, OKX, and Bybit. The majority were long positions, indicating that many traders had expected the market to continue upward without a correction.

The last 24 hours saw $652.71 million in liquidations as $BTC consolidated to $115,000.

The single largest liquidation worth $13.79 million happened on a $ETH trade via Binance. pic.twitter.com/gXAZSm6qtC
— crypto.news (@cryptodotnews) August 1, 2025

What This Means for Crypto Traders

Such high liquidation volumes are a signal of increased risk in the market. When crypto prices move quickly, leveraged positions can get closed automatically to prevent further losses, often at the worst possible time for traders.

With Bitcoin continuing to show strength, it’s important for investors to stay cautious, manage risk wisely, and avoid overleveraging during high-volatility periods.

As always, the crypto market remains unpredictable. For traders, risk management is not just smart—it’s essential.

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