The cryptocurrency market has experienced substantial liquidation activity over recent days, with Bitcoin and Ethereum positions particularly affected. On July 14, $615 million worth of Bitcoin and crypto shorts were liquidated within 24 hours. Ethereum saw $40 million in shorts liquidated in a single hour on July 16. On July 18, total liquidations reached $839.13 million in 24 hours, including the largest single liquidation of $50.79 million on a Bitcoin trade via Binance. Subsequent days showed continued volatility: July 20 recorded $200.50 million in liquidations with a $5.06 million Ethereum trade liquidation on Binance, and July 23 saw $305 million liquidated in just four hours. The market peaked on July 24 with $957 million worth of Bitcoin and crypto positions liquidated in 24 hours. On July 25, multiple reports indicated liquidations ranging from $532 million to over $731 million within 24 hours, with the largest single liquidation of $17.35 million on a Bitcoin trade via OKX. Data from sources such as CoinGlass highlighted that over 70% of these liquidations were from long positions, indicating a significant sell-off pressure in the market.