Cryptocurrency market faces $261M in liquidations as Bitcoin and Ethereum plunge

17-8-2025 – The cryptocurrency market saw $261 million in contract liquidations over the past 24 hours, with Ethereum and Bitcoin bearing the brunt, according to data from Coinglass. Of the total, short positions accounted for $190 million, while long positions saw $70. 7 million wiped out, reflecting intense market volatility. Ethereum led the losses with $115 [ source: https://www.cointrackdaily.com/cryptocurrency-market-faces-261m-in-liquidations-as-bitcoin-and-ethereum-plunge/