Bulls Lose $860M in Liquidations as ETH, BTC, XRP, and DOGE Prices Plunge 9%
Bulls Lose $860 Million in Liquidations as ETH, BTC, XRP, and DOGE Prices Plunge 9%
Ethereum traders suffered the biggest losses, with liquidations reaching $348.9 million, followed by Bitcoin with $177.1 million. Solana, XRP, and Dogecoin liquidations totaled $64.2 million, $58.8 million, and $35.8 million, respectively.
Author: Shaurya Malwa Updated: August 15, 2025 1:15 PM Published: August 15, 2025 5:36 AM
What is important to know:
- More than $1 billion in leveraged crypto positions were liquidated after unexpectedly high US inflation data.
- Bitcoin hit a record high of $123,500 before a sharp sell-off resulted in $866 million in long positions being liquidated.
- Traders are closely watching U.S. economic data and signals from the Federal Reserve to determine the future direction of the market.
In this article
DOJ $0.2267◢ 5.89%
More than $1 billion in leverage was liquidated in cryptocurrency markets in the last 24 hours as U.S. producer price index (CPI) data came in stronger than expected, fueling concerns about persistent inflation and delaying Federal Reserve rate cut forecasts.
The sell-off came hours after Bitcoin hit a new all-time high above $123,500 and traders began to shed risk . The rate fell by 9%, becoming the smallest among major cryptocurrencies: SOL, Solana's XRP and BNB Chain fell by 3-7%.
Liquidation data shows $866 million in long positions were liquidated, more than six times the $140 million in short positions, as prices reversed sharply from recent highs.
Ethereum traders were hit the hardest, with liquidations totaling $348.9 million, followed by Bitcoin with $177.1 million. Solana, XRP, and Dogecoin liquidations totaled $64.2 million, $58.8 million, and $35,
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