The entire cryptocurrency market headed straight south on Sunday evening, led by a massive price drop from the largest of the bunch.<\/p>\n
Bitcoin\u2019s price had calmed at around $115,000 all day with little to no moves in either direction, but suddenly plunged to its lowest price level since July 10.<\/p>\n
<\/a>BTCUSD. Source: TradingView<\/p>\n Recall that the primary cryptocurrency skyrocketed<\/a> on Friday after Fed Chair Jerome Powell\u2019s somewhat optimistic speech about upcoming interest rate cuts. The asset went from under $112,000, which was a local low at the time, to over $117,000 within an hour or so.<\/p>\n However, that relief rally was short-lived, and BTC quickly retraced<\/a> to around $115,000, where it spent most of the weekend. Less than an hour ago, though, the bears unexpectedly reemerged by pushing BTC to a six-week low of $110,600 (on most exchanges).<\/p>\n Bitcoin recovered two grand since then, but still trades below $113,000. It took most altcoins south with it, including ETH, which was flying high.<\/p>\n In fact, the second-largest cryptocurrency just painted a new all-time high<\/a> of almost $5,000. As the community was anticipating a breakthrough above that milestone, though, ETH plummeted to nearly $4,700 before recovering to around $4,800 as of press time.<\/p>\n Most altcoins charted similar volatile price moves over the past hour, which has harmed over-leveraged traders. Data from CoinGlass shows that the hourly liquidations have shot up to well over $300 million, with longs responsible for roughly 90% of the entire amount.<\/p>\n The wrecked positions on a daily scale are almost double that size, with over 130,000 traders liquidated. The single-largest wrecked position took place on OKX and was worth north of $12 million.<\/p>\n <\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n The post $300M in Longs Liquidated in 1 Hour: Bitcoin Crashes, Ethereum Rejected at $5K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The entire cryptocurrency market headed straight south on Sunday evening, led by a massive price drop from the largest of the bunch. Bitcoin\u2019s price had calmed at around $115,000 all day with little to no moves in either direction, but suddenly plunged to its lowest price level since July 10. BTCUSD. Source: TradingView Recall that […]<\/p>\n","protected":false},"author":0,"featured_media":90903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90902","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\/90902"}],"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=90902"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90903"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nRecall that the primary cryptocurrency skyrocketed<\/a> on Friday after Fed Chair Jerome Powell\u2019s somewhat optimistic speech about upcoming interest rate cuts. The asset went from under $112,000, which was a local low at the time, to over $117,000 within an hour or so.<\/p>\nHowever, that relief rally was short-lived, and BTC quickly retraced<\/a> to around $115,000, where it spent most of the weekend. Less than an hour ago, though, the bears unexpectedly reemerged by pushing BTC to a six-week low of $110,600 (on most exchanges).<\/p>\nBitcoin recovered two grand since then, but still trades below $113,000. It took most altcoins south with it, including ETH, which was flying high.<\/p>\nIn fact, the second-largest cryptocurrency just painted a new all-time high<\/a> of almost $5,000. As the community was anticipating a breakthrough above that milestone, though, ETH plummeted to nearly $4,700 before recovering to around $4,800 as of press time.<\/p>\nMost altcoins charted similar volatile price moves over the past hour, which has harmed over-leveraged traders. Data from CoinGlass shows that the hourly liquidations have shot up to well over $300 million, with longs responsible for roughly 90% of the entire amount.<\/p>\nThe wrecked positions on a daily scale are almost double that size, with over 130,000 traders liquidated. The single-largest wrecked position took place on OKX and was worth north of $12 million.<\/p>\n<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post $300M in Longs Liquidated in 1 Hour: Bitcoin Crashes, Ethereum Rejected at $5K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The entire cryptocurrency market headed straight south on Sunday evening, led by a massive price drop from the largest of the bunch. Bitcoin\u2019s price had calmed at around $115,000 all day with little to no moves in either direction, but suddenly plunged to its lowest price level since July 10. BTCUSD. Source: TradingView Recall that […]<\/p>\n","protected":false},"author":0,"featured_media":90903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90902","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\/90902"}],"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=90902"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90903"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTCUSD-21.png\"){kind=link}
![<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post $300M in Longs Liquidated in 1 Hour: Bitcoin Crashes, Ethereum Rejected at $5K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The entire cryptocurrency market headed straight south on Sunday evening, led by a massive price drop from the largest of the bunch. Bitcoin\u2019s price had calmed at around $115,000 all day with little to no moves in either direction, but suddenly plunged to its lowest price level since July 10. BTCUSD. Source: TradingView Recall that […]<\/p>\n","protected":false},"author":0,"featured_media":90903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90902","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\/90902"}],"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=90902"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90903"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-225344.png\"){kind=link}