{"id":43820,"date":"2025-08-24T20:01:48","date_gmt":"2025-08-24T20:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43820"},"modified":"2025-08-24T20:01:48","modified_gmt":"2025-08-24T20:01:48","slug":"300m-in-longs-liquidated-in-1-hour-bitcoin-crashes-ethereum-rejected-at-5k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43820","title":{"rendered":"$300M in Longs Liquidated in 1 Hour: Bitcoin Crashes, Ethereum Rejected at $5K"},"content":{"rendered":"
\n

The entire cryptocurrency market headed straight south on Sunday evening, led by a massive price drop from the largest of the bunch.<\/p>\n

Bitcoin\u2019s price had calmed at around $115,000 all day with little to no moves in either direction, but suddenly plunged to its lowest price level since July 10.<\/p>\n

\"BTCUSD.<\/a>
BTCUSD. Source: TradingView<\/figcaption><\/figure>\n

Recall that the primary cryptocurrency skyrocketed<\/a> on Friday after Fed Chair Jerome Powell\u2019s somewhat optimistic speech about upcoming interest rate cuts. The asset went from under $112,000, which was a local low at the time, to over $117,000 within an hour or so.<\/p>\n

However, that relief rally was short-lived, and BTC quickly retraced<\/a> to around $115,000, where it spent most of the weekend. Less than an hour ago, though, the bears unexpectedly reemerged by pushing BTC to a six-week low of $110,600 (on most exchanges).<\/p>\n

Bitcoin recovered two grand since then, but still trades below $113,000. It took most altcoins south with it, including ETH, which was flying high.<\/p>\n

In fact, the second-largest cryptocurrency just painted a new all-time high<\/a> of almost $5,000. As the community was anticipating a breakthrough above that milestone, though, ETH plummeted to nearly $4,700 before recovering to around $4,800 as of press time.<\/p>\n

Most altcoins charted similar volatile price moves over the past hour, which has harmed over-leveraged traders. Data from CoinGlass shows that the hourly liquidations have shot up to well over $300 million, with longs responsible for roughly 90% of the entire amount.<\/p>\n

The wrecked positions on a daily scale are almost double that size, with over 130,000 traders liquidated. The single-largest wrecked position took place on OKX and was worth north of $12 million.<\/p>\n

\"Liquidation<\/a>
Liquidation Heat Map. Source: CoinGlass<\/figcaption><\/figure>\n

The post $300M in Longs Liquidated in 1 Hour: Bitcoin Crashes, Ethereum Rejected at $5K<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The entire cryptocurrency market headed straight south on Sunday evening, led by a massive price drop from the largest of the bunch. Bitcoin\u2019s price had calmed at around $115,000 all day with little to no moves in either direction, but suddenly plunged to its lowest price level since July 10. BTCUSD. Source: TradingView Recall that […]<\/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-43820","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\/43820","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=43820"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43820\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}