Massive Liquidations Triggered by Bitcoin’s Sudden Price Drop
- Bitcoin plunged below $113,000, marking its steepest drop since July 10, 2025.
- Over $700 million in liquidations hit the crypto market in just one day.
- Bitcoin’s dominance soared above 62% as the Fear and Greed Index fell.
On August 1, 2025, Bitcoin’s price plunged below $113,000 for the first time since July 10, sparking significant market upheaval. This sharp decline triggered a wave of forced liquidations across cryptocurrency derivatives exchanges, resulting in over $700 million in liquidated positions within just 24 hours.
Nearly 161,000 traders had their positions forcibly closed, leading to losses exceeding $423 million among long position holders and approximately $85 million among short sellers. The largest single liquidation…
