Midday news update #Web3

1️⃣ 💥 Massive Crypto Liquidations Rock Market
Over $614.8M in positions were liquidated in the past 24 hours, affecting more than 147,000 traders, mostly long positions in $BTC and $ETH (Blockchain Reporter).

Some reports indicate total liquidations may have exceeded $900M during the dip .

2️⃣ 📉 Bitcoin & Ethereum Price Update

$BTC plunged below $113,000 amid heavy sell-offs, currently trading in the $112,800–$113,000 range.

$ETH slid roughly 3.7%, now hovering around $3,425–$3,500.

3️⃣ 🌐 Tariff Fears Spark Market Panic
U.S. tariff policy announcements are believed to have triggered the sharp downturn, causing $BTC to fall to a 3-week low and accelerating capital outflows and liquidations.

4️⃣ 🔍 August Outlook Remains Mixed
Despite the current volatility, analysts from CoinCodex suggest potential for a bullish reversal later this month, driven by ETF flows, shrinking exchange balances, and improving sentiment.