The cryptocurrency market experienced substantial volatility and outflows in early August 2025. On August 1, over $865 million in crypto positions were liquidated, including $632.38 million in long positions and $85.54 million in shorts, with bullish traders facing the largest losses. Bitcoin spot ETFs saw $812.3 million in net outflows on the same day, marking the second-largest daily outflow since their launch, led by Fidelity ($331 million), Grayscale ($214 million), and ARK Invest ($117 million). Ethereum ETFs ended a 20-day inflow streak with $152.3 million in net outflows. Weekly data from July 28 to August 1 showed Bitcoin ETFs with $643 million in net outflows, breaking a seven-week inflow streak, while Ethereum ETFs gained $154 million, driven by BlackRock's ETHA. However, by August 4 and 5, both Bitcoin and Ethereum ETFs experienced consecutive days of outflows, with Ethereum ETFs recording a record single-day outflow of $465.1 million, largely driven by BlackRock's ETHA. Bitcoin ETFs continued to see net outflows of $196 million on August 5, marking a fourth consecutive day of declines. Despite these outflows, some recovery was noted on August 6, when Ethereum ETFs recorded $73.22 million in net inflows, while Bitcoin ETFs still faced $440.35 million in outflows, with BlackRock accounting for a significant portion of the withdrawals. The market volatility also led to $351 million in liquidations on August 6, with Ethereum traders suffering the most losses. Overall, the data reflects ongoing volatility and leverage risks in the cryptocurrency market amid broader macroeconomic and geopolitical uncertainties.