$106M Crypto Liquidations Triggered by Bitcoin’s $4K Surge
On August 18, 2025, the cryptocurrency market experienced a record $106 million in liquidations within a single hour, primarily affecting long positions in Bitcoin (BTC) and Ethereum (ETH) [1]. This event marked one of the largest concentrated liquidation episodes in recent months, with ETH liquidations alone reaching $40.43 million, as confirmed by platforms such as PANews and Coinglass [2].
The surge in liquidations was attributed to a sharp price movement in BTC, which triggered stop-loss orders and forced the closure of leveraged short positions. Traders who had bet against Bitcoin found themselves on the wrong side of a rapidly escalating market, with the asset surging nearly $4,000 within a 24-hour period [1]. The rapid upward…
