Crypto Chaos: Massive Liquidations Triggered by Bitcoin’s Sudden Price Drop

Description

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 liquidate...