Massive liquidation of long positions shakes crypto market
- Ethereum risks massive liquidations around $4,170 due to recent market volatility.
- Overnight, the cryptocurrency market experienced significant fluctuations, resulting in more than $400 million in long positions liquidated.
- These events reflect the continued volatility in the crypto market context and heightened financial scrutiny.
On August 18, 2025, Ethereum's on-chain data revealed a significant risk of massive liquidations set around the price of $4,170. In a rapid market decline, Bitcoin fell from $118,000 to $115,000 and Ethereum from $4,500 to $4,300, resulting in over $400 million in long positions being liquidated overnight, according to QCP Capital's market update. Simultaneously, European leaders participated in a multilateral meeting to discuss various issues, including cryptocurrency-related matters with Ukrainian President Volodymyr Zelensky attending. Financial events also unfolded with El Salvador's Central Reserve Bank preparing to release July’s producer price inflation data in the same day, specifically noting a 0.1% core inflation rate year-over-year. Within the crypto sphere, other activities took place including Uniswap's DAO voting on allocating funds for delegates and LayerZero planning to unlock a portion of its circulating supply. These events highlighted the ongoing volatility of the market, underscored by records of liquidations taking place at decentralized exchanges being more prominent than at centralized exchanges during this time period.