Massive Crypto Liquidations Hit $754M: Bitcoin, Ethereum, and Altcoins Lead the Drop

Description

The cryptocurrency market faced a severe correction on August 1, 2025, with over $700 million in liquidations recorded in just 24 hours across Bitcoin and other major assets. According to Coinglass, long positions accounted for $707 million, highlighting the brutal wipeout of bullish bets across Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and others. Total market capitalization plummeted 3.95% to $3.7 trillion, while Bitcoin dropped 3.1% to $114,892and Ethereum s...