{"id":40084,"date":"2025-08-02T06:32:23","date_gmt":"2025-08-02T06:32:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40084"},"modified":"2025-08-02T06:32:23","modified_gmt":"2025-08-02T06:32:23","slug":"massive-crypto-liquidations-hit-754m-bitcoin-ethereum-and-altcoins-lead-the-drop","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40084","title":{"rendered":"Massive Crypto Liquidations Hit $754M: Bitcoin, Ethereum, and Altcoins Lead the Drop"},"content":{"rendered":"
\n

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.<\/p>\n

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.<\/p>\n

Total market capitalization plummeted 3.95% to $3.7 trillion, while Bitcoin dropped 3.1% to $114,892and Ethereum sank 6.1% to $3,620. Altcoins saw deeper cuts\u2014Cardano fell 8.5%, XRP slid 7.5%, and Solana lost over 6.9%. The Crypto Fear and Greed Index dropped to 60, signaling weakening investor confidence.<\/p>\n

\"bitcoin<\/p>\n

U.S. Tariffs and Fed Policy Spark Risk-Off Sentiment in Bitcoin and Altcoins<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/b><\/h2>\n

The sell-off coincides with new U.S. tariffs<\/a> and the Federal Reserve\u2019s hawkish monetary stance. President Trump\u2019s administration implemented tariffs of up to 50% on key materials, escalating global trade tensions.<\/p>\n

The Fed also held interest rates steady at 4.25\u20134.50% for the fifth time, signaling prolonged high-rate conditions that dampen risk appetite.<\/p>\n

These developments triggered a retreat from speculative assets like crypto. The crypto market\u2019s relative strength index (RSI) fell to 35.4, and total open interest dropped 3% to $193 billion, indicating a broader market weakness.<\/p>\n

Whale Movements and Crypto Liquidations Deepen the Pain<\/strong><\/p>\n

On-chain activity has added to the anxiety. Five dormant Bitcoin miner wallets from 2010 suddenly moved 250 BTC (\u2248$30M), sparking concerns about impending sell pressure. Meanwhile, short-term holders continue to capitulate, selling BTC at a loss.<\/p>\n

High-profile liquidations added to the drama. Prominent trader AguilaTrades reportedly lost nearly $40 million on Hyperliquid after a leveraged BTC position<\/a> collapsed. Other high-risk players, including James Wynn, also faced multi-million-dollar liquidations.<\/p>\n

In contrast, savvy traders like 0xCB92 profited by shorting ETH with 20x leverage, earning over $3.7 million, underscoring the extreme volatility and high-stakes nature of the current market.<\/p>\n

Despite the chaos, long-term investor sentiment remains watchful but intact. Still, with macro headwinds, whale wallet movements, and leverage-based volatility, the road ahead remains rocky for crypto bulls.<\/p>\n

Cover image from ChatGPT, BTCUSD chart from Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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), […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40084","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40084"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40084\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}