The cryptocurrency market has experienced substantial liquidations over recent days, reflecting heightened volatility and leveraged risk exposure. On August 18, 2025, over $446 million worth of long positions were liquidated within 24 hours, with $125 million liquidated in just one hour. Ethereum led liquidations with approximately $206 million, followed by Bitcoin at $126 million. The total number of traders liquidated during this period exceeded 130,000. Bitcoin prices fell below $116,000, and Ethereum dropped under $4,300, contributing to the sell-off. On August 19, liquidations continued with $83 million wiped out in one hour and total 24-hour liquidations around $350 million. The largest single liquidation was a $9.7 million Bitcoin trade on Binance. By August 20, liquidations approached $500 million within 24 hours, including nearly $100 million in shorts liquidated in one hour. The market remained bearish, with Bitcoin dipping below $114,000 and Ethereum struggling under $4,200 on August 21. The ongoing downturn is attributed to a combination of Federal Reserve policies, mass liquidations, and increased investor caution.