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
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