{"id":86988,"date":"2025-08-08T09:33:38","date_gmt":"2025-08-08T09:33:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86988"},"modified":"2025-08-08T09:33:38","modified_gmt":"2025-08-08T09:33:38","slug":"liquidations-top-400-million-as-ethereum-eth-nears-4000-bears-in-disbelief","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86988","title":{"rendered":"Liquidations Top $400 Million as Ethereum (ETH) Nears $4,000, Bears in Disbelief"},"content":{"rendered":"<p><span>The cryptocurrency market experienced a substantial revival in the past 24 hours, with Bitcoin (BTC) climbing to approximately $117,000.<\/span><\/p>\n<p><span>The leading altcoins performed even better: Ethereum (ETH) surged by 5% daily and is inching towards $4,000, Ripple\u2019s XRP pumped by 12% to $3.36, while Stellar (XLM) reached a two-week high of $0.46.<\/span><\/p>\n<p><span>The sudden uptick in the market <\/span><span>was caused<\/span><span> by bullish factors, including Donald Trump\u2019s <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/trump-signs-executive-order-to-allow-bitcoin-and-crypto-in-401ks\/\" target=\"_blank\" rel=\"noopener\"><span>executive order<\/span><\/a><span> that aims to allow 401(k) investors access to alternative assets, such as cryptocurrencies, and<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/xrps-price-skyrockets-by-13-as-ripple-and-sec-drop-court-battle\/\" target=\"_blank\" rel=\"noopener\"><span> the official resolution<\/span><\/a><span> of the Ripple v. SEC case.\u00a0<\/span><\/p>\n<p><span>Somewhat<\/span><span> expected, the resurgence has <\/span><span>resulted in<\/span><span> liquidations for over-leveraged traders.<\/span> <span>According to CoinGlass, the sum for the last 24 hours <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.coinglass.com\/LiquidationData?%2F\" target=\"_blank\" rel=\"noopener\"><span>equals<\/span><\/a><span> more than<\/span><span> $400 million, with short positions <\/span><span>comprising<\/span><span> around 80% of the total.<\/span><\/p>\n<p><span>ETH trades accounted for $187 million, followed by BTC ($57 million) and XRP ($28 million). <\/span><span>The <\/span><span>largest<\/span><span> single liquidation order occurred on <\/span><span>HTX,<\/span><span> involved the ETH\/USDT trading pair and was <\/span><span>valued<\/span><span> at $34.28 million.<\/span><span> The total number of liquidated traders over the past day stands at 113,178.<\/span><\/p>\n<p><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Liquidations.png\"><\/a>Liquidations, Source: CoinGlass<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/liquidations-top-400-million-as-ethereum-eth-nears-4000-bears-in-disbelief\/\">Liquidations Top $400 Million as Ethereum (ETH) Nears $4,000, Bears in Disbelief<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market experienced a substantial revival in the past 24 hours, with Bitcoin (BTC) climbing to approximately $117,000. The leading altcoins performed even better: Ethereum (ETH) surged by 5% daily and is inching towards $4,000, Ripple\u2019s XRP pumped by 12% to $3.36, while Stellar (XLM) reached a two-week high of $0.46. The sudden uptick [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":86989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86988"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86988"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86989"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}