#ProjectCrypto The volume of liquidations exceeded $700 million amid Bitcoin's drop to $113,000

On the evening of August 1, 2025, Bitcoin fell below the mark of $113,000 for the first time since July 10. Against this backdrop, the volume of liquidations in the futures market for cryptocurrencies exceeded $700 million within 24 hours. Over the last day, positions of nearly 161,000 traders were closed. This resulted in losses of over $423 million for traders with open long positions and approximately $85 million for those with short positions. The main losses were related to trading with Bitcoin and Ethereum, where positions worth approximately $161 million and $265 million were liquidated, respectively.

Additionally, the largest liquidation amounting to $4.45 million was recorded in the ETH/USDC pair on the Binance cryptocurrency exchange.