In brief
- $941 million worth of positions have been liquidated across the crypto market, most of which were longs.
- It comes as Thursday’s PPI report shocked the market, prompting major tokens including Dogecoin, Solana, and Cardano to retreat from recent highs.
- Experts say this is nothing out of the ordinary, as Ethereum and Bitcoin continued to hover near their respective all-time highs.
A massive $941 million worth of mostly long positions have been liquidated over the past 24 hours, as the crypto market retreated from recent highs.
The market as a whole has undergone a minor pullback of 1.9%, according to CoinGecko, following a mostly bullish week for the top tokens.
On Thursday, the U.S. Producer Price Index (PPI), which tracks price…
Aug 15 2025
