The price of Bitcoin experienced a sharp withdrawal on August 14 and fell less than $ 120,000 less than one day after reaching a new all time high above $ 124,000.
According to CryptoSlate Data, BTC fell on the press to $ 118,479, which marked a decrease of 2.07% on the 1-hour candle and 5% from his 24-hour peak.
The sudden dip waved over the wider cryptomarket. Ethereum fell by 4% to $ 4,581, while XRP fell more than 3% to $ 3.11. Other top ten coins, including Dogecoin, Solana and BNB, also saw losses of more than 3% in the same time frame.
This correction follows a period of sustainable Bullish Momentum that the wider market had insisted on registering highlights. Although the speed of the decline may have surprised some traders, market analysts had marked potential risks.
On August 13 Blockchain Analytics Firm Glassnode marked That open interest in large altcoins had risen to a record high of $ 47 billion.
According to the company, such an increased leverage can increase upward rallies and downward corrections, so that traders are exposed during sudden market fluctuations.
Long traders lose more than $ 500 million in 1 hour
Facts From Coinglass, the competitive price movements have activated $ 577 million in liquidations within just one hour.
Long traders, who expected prices to rise further, wore the most losses, a total of $ 545 million. Short positions lost $ 31 million.
Ethereum traders suffered the most, with liquidations of more than $ 177 million. Bitcoin traders lost around $ 113 million, while XRP and Solana positions were liquidated for $ 44 million and $ 39 million respectively.
When the liquidation star is expanded to the last 24 hours, the total losses reach $ 1.05 billion. Long positions are good for $ 778 million of that figure, which underlines the increased risks during periods of fast price adjustments.
These figures emphasize the extreme volatility that is inherent in cryptom markets. Sudden corrections can delete significant non -realized profits, especially when lifting tree positions dominate trading activity.
For traders, this is a reminder that strong uptrends are often accompanied by equally sharp pullbacks, which emphasizes the importance of strategies for risk management in volatile markets.
Bitcoin -Market data
At the time of press 2:54 pm UTC on August 14, 2025Bitcoin is on the market capitalization market and the price is down 2.23% In the last 24 hours. Bitcoin has a market capitalization of $ 2.36 trillion With a trade volume of 24 hours $ 106.74 billion. More information about Bitcoin ›
Summary of the Cryptomarkt
At the time of press 2:54 pm UTC on August 14, 2025The total crypto market is appreciated at $ 4.03 trillion With a volume of 24 hours $ 286.8 billion. Bitcoin Dominance is currently up 58.67%. More information about the Cryptomarkt ›