Crypto Market Sees $20M Liquidations in One Hour

According to Coinglass data on August 2, total network liquidations reached $20.038 million within one hour, with $18.7707 million from long positions and $1.2673 million from short positions.

This liquidation event signals notable market volatility, affecting primarily Bitcoin (BTC) and Ethereum (ETH), but remains routine without official commentary from industry leaders or regulatory bodies.

$20M Crypto Liquidations Triggered by High Leverage

High leverage confirmed a total network liquidation of $20.038 million in a single hour on August 2. Broken down, $18.77 million derived from long positions, while $1.26 million originated from short positions. No official statements from major figures have been disclosed regarding this event.

Market implications emphasize substantial volatility in BTC and ETH futures. Given the liquidations’ magnitude, it indicates potential high-leverage involvement without specific commentaries from cryptocurrency leaders or exchanges.

No quotes available for this event from any identifiable sources as of August 2, 2025.

Notably, no statements from industry figures like Changpeng Zhao, Arthur Hayes, or Vitalik Buterin have been issued. This aligns with the routine nature of such occurrences within crypto markets, often driven by swift price changes or volatility shifts.

Historical Liquidation Spikes Reflect Crypto Volatility

Did you know? Sharp liquidation spikes often align with market volatility, as seen in past events of 2024 and 2025, confirming crypto’s liquid nature.

CoinMarketCap data reveals Bitcoin’s current standing at $113,123.82, with a market cap of $2.25 trillion and trading volume down by 27.69%. [CoinGap Media](https://twitter.com/coingapemedia) Bitcoin experienced a 2.12% decrease over 24 hours, stabilizing after broader market events.

Coincu’s research suggests such liquidations highlight potential regulatory scrutiny over leveraged positions. Historical data shows similar volatility events often spur discussions on market stability and investor safety.