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Crypto liquidations surpass $900m following Fed Chair's Jackson Hole speech
GameFi Guides

Crypto liquidations surpass $900m following Fed Chair’s Jackson Hole speech

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Crypto liquidations have hit $940 million as Bitcoin slips briefly below $109,000. This mass liquidation comes only a few days after the market saw gains following the Fed Chair’s Jackson Hole speech.

Summary

  • Crypto liquidations cross over $940 million after BTC briefly dips below $110,000.
  • The overall crypto market lost $200 billion despite seeing major gains from the Fed Chair’s speech about possibly cutting interest rates.

According to data from CoinGlass, the majority of crypto liquidations were long positions; which made up $826.51 million of the total $941 million of liquidations.

As Bitcoin (BTC) briefly dipped below the $110,000 threshold, Bitcoin positions made up the second largest portion of liquidations on the board. Based on the 24-hour heatmap, Bitcoin liquidations have hit $277.21 million or nearly 30% of the total crypto liquidations.

This wave of liquidations comes only a few days after a late-week dovish signal from Fed Chair Jerome Powell, which triggered gains of $594 million for the crypto market. However, the hype was apparently short-lived as BTC has fallen off its $110,000.

Crypto liquidations in the past 24 hours dominated by long positions | Source: CoinGlass

On August 22, at the Jackson Hole, Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts ahead as he stated that there was currently a high level of uncertainty that is making it difficult for policymakers.

This move sparked major gains in the crypto market as Bitcoin climbed to a weekly high of $116,960 as it nearly touched the $117,000 level. However, the victory ended too soon as BTC avalanched down to the $109,000 range.

Price chart for Bitcoin in the past few hours following the gradual fall | Source: TradingView

What could high crypto liquidations mean for the market?

Crypto liquidations hitting $941 million could indicate extreme volatility and over-leveraging by traders within the wider crypto market. Considering liquidations are triggered by price swings that close long and short positions, such a large-scale wipeout points to an imbalance between bullish and bearish sentiment, with cascading liquidations accelerating the downward move.

This is evident through the overall crypto market cap losing $200 billion or around 2.2% of its market cap. On August 26, the crypto market cap fell from its $4 trillion high and stands at $3.8 trillion. Meanwhile, Bitcoin has yet to recover from its fall from grace; it hangs precariously at the edge of $110,000 as it currently trades at $110,250.

Ethereum (ETH) is faring slightly better despite a 4.9% dip as it stays within the $4,400 range with a value of $4,429.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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Crypto Trends

Bitcoin, Ethereum and Dogecoin Slide as Crypto Liquidations Top $900 Million

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Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin continued to fall Monday, triggering a wave of liquidations that topped $900 million over the past 24 hours.

Bitcoin dropped below $110,000 for the first time since early July, spearheading a market-wide swoon after a whale unloaded 24,000 BTC worth $2.7 billion on Sunday. The continued dive also comes amid fresh doubts about the prospects of an interest rate cut and other macroeconomic uncertainties.

The largest cryptocurrency by market value was recently trading at $110,441, down 2.2% over the past 24 hours. BTC is down more than 5% over the past week.

“The weekend whale sale may have sparked the initial downdraft, but the broader picture is one of thinning liquidity and skittishness around macro,” Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote to Decrypt.

“With rate-cut hopes being pushed further out and equities wobbling, crypto was vulnerable to a sharper move lower once heavy supply hit the market,” he added. “What we’re seeing is less about one seller and more about a market that remains highly sensitive to outsized flows against a backdrop of macro uncertainty.”

Ethereum, the second largest digital asset, plunged 8% to trade at $4,375, just a day after reaching its latest record high. ETH topped $4,900 for the first time in its history on Sunday, two days after breaking its long-standing price record from 2021.

Crypto prices are in the red up and down the charts, with Dogecoin diving by more than 10% to $0.208, Solana falling 8.5% to $186 after reaching a six-month high on Sunday, and XRP dropping nearly 6% to $2.85.

More than $900 million worth of futures positions have been liquidated across the crypto market over the last day, per data from CoinGlass, led by Ethereum at $320 million and Bitcoin at about $210 million. Long positions, or bets that an asset’s price will increase, dominate the carnage at about $817 million out of the $903 million in total liquidations.

So far on Monday, there has been about $895 million worth of crypto liquidations. Myriad users don’t believe that there will be a single day with $1 billion worth of liquidations by the end of the month, giving it a roughly 36% chance as of this writing—but that mark has grown over the course of the day as prices have dropped.



(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.)

The declines come as markets fretfully await the latest U.S. economic data reports and other measures that may influence the Federal Reserve’s next rate decision. On Friday, Fed Chair Jerome Powell buoyed crypto and other risk-on assets when he hinted at a cut, which would be the first since last December. A decline in interest rates typically helps markets by freeing capital for investment.

On Friday, the U.S. Bureau of Economic Analysis releases the July Personal Consumption Expenditures report, the Fed’s favored price gauge. Analysts expect the PCE to rise to 2.9% annually, ticking up slightly from June. On Tuesday, The Conference Board’s monthly index is expected to show a decline in consumer confidence.

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Shaurya Malwa
NFT Gaming

Ethereum Bets See Unusually High $400M Liquidations as Some Now Target $10K ETH

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Ethereum’s breakout past $4,800 triggered nearly $388 million in liquidations tied to the token in the past 24 hours, data shows, marking the heaviest flush across all crypto assets.

The wipeout was part of $769 million liquidated marketwide, with over 183,000 traders forced out of positions. The single biggest hit was a $10 million ETH swap order on OKX, an unusually high figure for the token, which is often second to bitcoin-based positions.

Liquidations serve as a stark reminder of how fragile positioning can be in the crypto market. When traders pile in with leverage and the market moves against them, exchanges step in and automatically close those bets.

A flush of long liquidations can reset the market for a cleaner bounce, while a cluster of short wipes can fuel the next leg higher.

The move came as ether surged almost 15% to a record $4,885 after Federal Reserve Chair Jerome Powell suggested rate cuts could arrive in September. Bitcoin lagged with a 4% gain to $113,000, while the CoinDesk 20 Index climbed 9%.

Analysts say the rally isn’t just a macro trade. Institutional buying and treasury allocations have added a tailwind, feeding speculation that Ethereum could become Wall Street’s preferred blockchain.

“Ether’s new all-time high is a clear sign of investor demand beyond just bitcoin,” said Samir Kerbage, chief investment officer at Hashdex, said in an email to CoinDesk. “I would expect ETH to surpass $10k once we start to see stablecoin solutions being implemented for payments within the U.S.”

That $10,000 target, once deemed overly optimistic, is increasingly voiced as Ethereum cements itself as the backbone for stablecoins, tokenization, and smart contracts. The year-to-date gain for ETH now stands at 45%.



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Bitcoin (BTC) and Ether's (ETH) Violent Price Spike Prompts $375M in Futures Liquidations
NFT Gaming

Bitcoin (BTC) and Ether’s (ETH) Violent Price Spike Prompts $375M in Futures Liquidations

by admin



Bitcoin BTC$115,244.11 bounced off the $111,800 support level on Friday, sharply rising by 2.6% to $114,800 after Federal Reserve chairman Jerome Powell hinted at potential rate cuts during a speech at Jackson Hole.

The swift move, preceded by a sell-off leading up to the speech, resulted in the liquidation of more than $375 million worth of crypto derivatives positions, according to CoinGlass. The majority of those losses are attributed to traders holding short positions.

Ether (ETH) positions were the hardest hit, with $150 million liquidated over the past four hours as the price rose from $4,200 to $4,650, marking a 10% gain.

Bitcoin’s level of support was critical as it was a record high set in May. The bounce indicates a bullish reversal following a one-week downtrend from $124,500.

ETH/USD (TradingView)

Despite fears that Powell’s speech would have a hawkish tone, he said “the downside risks to employment are rising,” and “If those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment.”

The comments suggest rate cuts could be on the table next month, which would directly benefit risk assets like bitcoin and ether.

The market remains volatile following the speech, with BTC pulling back slightly from $115,700 to $114,800. While liquidations have taken derivatives positions out of the market, open interest has risen to its highest point in four days, suggesting that the bounce is also being backed by leverage, according to Coinalyze.

The altcoin market is lagging behind ether with the exception of lido (LDO) and ethena ENA$0.7359, which are both continuing their upside ascent after the SEC clarified rules around staking earlier this month.



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bitcoin ethereum eth ethusd (1)
Crypto Trends

$500M Liquidations Rock Ethereum and Bitcoin: Is the Crash Fueling Whale Accumulation?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market faced a brutal correction on Monday, with nearly $500 million in liquidations rattling traders across Bitcoin (BTC) and Ethereum (ETH).

According to CoinGlass data, over 115,000 traders were liquidated as Bitcoin slipped to $115,000 and Ethereum plunged toward the $4,200 danger zone. The cascade was fueled by high leverage exposure, creating a domino effect of forced selling across exchanges.

Bitcoin’s sharp drop erased more than $3,000 in value within hours, pulling major altcoins into the red. ETH fell nearly 5%, while Solana (SOL) and Dogecoin (DOGE) each dropped 4–5%.

XRP tested the critical $3 support level, underscoring the market-wide fragility. Interestingly, Chainlink (LINK) bucked the trend, posting a daily 5% gain despite the turmoil.

Ethereum Faces a Liquidation Cliff

Ethereum appears particularly vulnerable if its price breaks below $4,200. Data from Hyperdash shows that more than 56,000 ETH long positions, worth about $236 million, sit at risk of liquidation near $4,170.

Additional liquidation clusters are positioned around $3,940 and $2,150–$2,160, levels that could amplify volatility if triggered.

Andrew Kang, founder of Mechanism Capital, warned that ETH could fall as low as $3,600 if the liquidation cascade continues. He added that overall ETH liquidations across exchanges could reach $5 billion, potentially driving prices even lower before stabilizing.

ETH’s price losing momentum on the daily chart. Source: ETHUSD on Tradingview 

Bitcoin Whale Accumulation or General Market Breakdown?

Despite the sell-off, some analysts argue the crash may be setting up a whale accumulation phase.

Crypto analyst CrypNuevo noted that Bitcoin recently printed a new all-time high before a sudden $1 billion liquidation event, a move he believes was engineered to flush out retail traders. He suggested that one whale absorbed much of the forced selling, signaling that institutional players may be scooping up BTC at discounted prices.

If whales are indeed accumulating, the dip could serve as a springboard for the next rally once leveraged positions reset and selling pressure eases. However, with geopolitical uncertainty and fragile support levels, traders should remain cautious.

The coming days will determine whether Bitcoin stabilizes above $115,000 and Ethereum holds $4,200, or if another wave of liquidations drags the market deeper into correction.

Cover image from ChatGPT, ETHUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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ETH liquidations map. (Hyperliquid/HyperDash)
Crypto Trends

Watch Out for Millions in Bullish Liquidations Below $4.2K

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Crypto traders should remain vigilant for an ether (ETH) price drop below $4,200, which could trigger millions in long liquidations and increase market volatility.

As of writing, over 56,638 ETH in bullish long positions – valued at $236 million – faced liquidation risk on the decentralized perpetual exchange Hyperliquid in case of an ether price drop to $4,170, according to data from Hyperdash.

The data also showed a risk of sizable liquidations at $2,150-$2,160 and $3,940. At press time, ether changed hands at $4,260, down nearly 5% on the day, according to CoinDesk data.

Andrew Kang, founder of the crypto venture capital firm Mechanism Capital, stated on X that large long liquidations could potentially drive ether prices down to $3,600.

“[I] would estimate we’re about to hit $5b in ETH liquidations across exchanges, taking us down to $3.2k – $3.6k,” Kang said.

ETH liquidations map. (Hyperliquid/HyperDash)

Liquidations, or the forced closure of leveraged bets, happen when a trader’s position falls short of the margin requirements set by the exchange.

The margin shortage typically occurs when the market moves against the trader’s position, causing their account equity to fall below the minimum maintenance margin. This prompts the exchange to automatically close the position to prevent further losses and ensure borrowed funds are recovered.

Largely long liquidations cause a sudden surge in selling pressure, which pushes prices even lower, creating a cascading effect that can trigger additional liquidations. This negative feedback loop tends to amplify market volatility.

Read more: Dogecoin Sellers in Control as Monero Attacker Votes to Target DOGE; Bitcoin Below $116K



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altseason
NFT Gaming

Altseason Momentum Strengthens As Altcoin Liquidations Surpass Bitcoin

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Speculation about a potential “altseason” has grown in the third quarter of 2025, fueled by brief periods in which several altcoins outperformed Bitcoin (BTC). However, the broader altcoin market has struggled to sustain momentum due to Bitcoin’s choppy price action, pressured by ongoing macroeconomic headwinds. Even so, fresh market data indicate traders are gradually shifting their focus away from Bitcoin and toward alternative cryptocurrencies, raising expectations that altcoins could drive the next leg of the crypto bull market.

Crypto Sentiment Shifts: Altcoins Lead In Liquidations, Overtake BTC

An altseason is defined as a period in the crypto bull run where altcoins generally outperform Bitcoin. It is typically marked by a decline in BTC Dominance as investors rotate capital from Bitcoin into other cryptocurrencies that promise higher profit returns during this period. Over the last two months, signals of an impending altcoin dominance for the current bull market continue to pile up.

In a QuickTake post on CryptoQuant, CEO & Founder of Alphractal, Joas Wedson, reports another omen in that altcoin liquidations are now higher than those of Bitcoin. From January to December 2024, the majority of cumulative liquidations on Binance came from Bitcoin positions, significantly outpacing those of all other cryptocurrencies.

Source: CryptoQuant

This trend painted a clear picture, i.e., Bitcoin was the primary focus for leveraged traders. However, since the start of 2025, the tides have turned. The BTC vs. Altcoin Cumulative Liquidation Delta, a key metric tracking the liquidation disparity between Bitcoin and altcoins, has been falling steadily throughout 2025. This decline indicates that altcoin liquidations are catching up and now surpassing those of BTC.

In the second half of 2025, this shift has become more pronounced, suggesting that traders are now more active and more vulnerable in altcoin markets than ever before. Wedson explains the bullish implications of this development for an altseason, stating that traders are now increasing speculations on altcoins more than Bitcoin.

This suggests a significant change in market behavior as Ethereum, XRP, and other alternative cryptocurrencies are increasingly being viewed as higher-risk, higher-reward vehicles, even as Bitcoin remains the dominant store of value in the crypto space.

Crypto Market Overview: Altseason Remains On Hold

At the time of writing, the total crypto market cap is now valued at $3.93 trillion following a 0.22% gain in the past day. Altcoins currently account for 40.4% of this value with a collective market cap of $1.59 trillion.

Meanwhile, the CoinMarketCap’s Altseason Index currently reads 46, suggesting that while altcoins are gaining ground, market conditions have yet to fully align with a classic “altseason” scenario.

Total altcoin market cap valued at $1.59 trillion on the daily chart | Source: TOTAL2 chart on Tradingview.com

Featured image from PlasBit, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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