More Than $1 Billion in Leveraged Bets Wiped out; Whale Trader Loses $83M in ETH Liquidation
Main Idea
The crypto market experienced a sharp decline on Aug. 14, resulting in over $1 billion in leveraged bets being wiped out, with a notable whale trader losing $83 million, driven by inflation fears and higher-than-expected U.S. Producer Price Index (PPI) data.
Key Points
1. The crypto market's decline on Aug. 14 led to over $1 billion in liquidations, with long positions accounting for more than $872 million.
2. The July 2025 U.S. PPI report showed a 0.9% monthly increase and a 3.3% annual rise, the largest monthly gain in three years, contributing to the market downturn.
3. Ethereum (ETH) saw the highest liquidations at $272.29 million in long positions and $74.17 million in shorts, followed by Bitcoin (BTC) with $164.64 million in long liquidations.
4. A whale trader, Aguila Trader, was liquidated for 18,323 ETH ($83.56 million), reducing his account balance to just $330K after previous losses exceeding $37 million.
5. The market crash was partly attributed to inflation fears and potential implications for Federal Reserve interest rate policies.
Description
The crypto market’s sharp decline on Aug. 14 resulted in over $1 billion in liquidations within 24 hours. Inflation Fears Fuel Market Crash The crypto market’s unexpected descent shortly after reaching yet another milestone saw more than $1 billion in short and long bets being wiped out in just 24 hours. According to Coinglass data
Latest News
- $640 Million Flows Into Ether ETFs as Bitcoin ETFs Notch 7th Day of Gains2025-08-15 14:32:56
- Bitcoin Price Watch: BTC Consolidates Around $118.5K to $119K After Sharp Sell-Off2025-08-15 13:07:22
- Tron DAO, Justin Sun Accuse Bloomberg of False Asset Reporting2025-08-15 12:36:42
- Bullish’s Dazzling Debut Bolsters Red-Hot Year for Crypto-Linked IPOs2025-08-15 11:32:51
- BTCC Teams Up With NBA All-Star Jaren Jackson Jr. in First-Ever Sports Sponsorship2025-08-15 11:04:26