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

2025-08-02 13:49:59

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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...

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