$940M liquidated as Bitcoin slides below $110K – Is the crypto sea turning rough?

Crypto markets turned red overnight as Bitcoin slid below $110K , triggering a wave of forced unwinds that wiped out roughly $940M in leveraged crypto positions over 24 ￰0￱ carnage was concentrated in BTC and ETH , with altcoins dragged into the rip ￰1￱ big question now: is this a reckoning, or the setup for a rebound? The breakdown: How $940M liquidated crypto rocked Bitcoin and Ethereum Liquidations hit across majors, but the heaviest damage landed where the leverage was ￰2￱ tallies show ETH traders took about $320M in forced unwinds, while bitcoin-linked liquidations came in near $277M. SOL, XRP, and DOGE combined added tens of millions more to the flush, underscoring the scale of this leveraged liquidation crypto ￰3￱ distribution squares with the weekend’s rotation into ETH beta and the subsequent unwind once price momentum ￰4￱ the top level, multiple desks pegged the 24-hour liquidation total near $900M–$940M as BTC slipped through psychological support and ETH fell harder on a percentage basis, fueling the day’s ETH crash news ￰5￱ aligns with market dashboards and same-day reporting. 💥BREAKING: Over $840,000,000 liquidated in the cryptocurrency market in the last 24 ￰6￱ — Crypto Rover (@rovercrc) August 25, 2025 Why below $110K matters Numbers on a screen become tripwires in derivatives markets. $110K has operated as a clean line in the sand for systematic strategies and discretionary traders alike-slicing below it triggers algo selling , reduces order book depth, and forces deleveraging on platforms where collateral ￰7￱ the level gave way, BTC tagged the high-$109Ks intraday, amplifying the liquidations ￰8￱ psychology is simple: sub-$110K emboldens shorts, stresses over-margined longs, and cues volatility sellers to hedge, often at the worst moment, creating a reflexive downdraft that doesn’t need much spot selling to ￰9￱ IN: Bitcoin falls under $110,000 ￰10￱ — ￰11￱ (@WatcherGuru) August 25, 2025 Macro squeeze + fragile liquidity The backdrop wasn’t ￰12￱ Bitcoin ETFs have registered a run of net outflows in recent sessions, reversing prior inflows and draining passive bid support at the ￰13￱ funds also bled capital late last week.

Meanwhile, ETF trading volumes cooled, and options desks priced in bigger swings. Together, those flows point to a more fragile liquidity regime where sharp moves travel ￰14￱ tells the same ￰15￱ research and desk notes highlight thin order books on weekends and during macro event run-ups; even modest flows can push prices disproportionately. Asia-based QCP Capital framed prior bounces as “thin-liquidity” surges in strength, which can fade quickly when real demand isn’t ￰16￱ of this means institutions have ￰17￱ note that corporate and ETF demand for ETH has been building and that allocations remain a medium-term tailwind, evidence that accumulation continues beneath the volatility, even as near-term flows ￰18￱ traders are saying (and seeing) Volatility regimes have been ￰19￱ in August, implied vol (Deribit’s DVOL) jumped off multi-year lows, a classic tell that bigger moves were ￰20￱ this break, options flow skewed toward downside protection, and realized swings ￰21￱ BTC and ETH vol confirms the leverage reset is in ￰22￱ chatter also emphasizes how quickly over-leverage unwinds once key levels give way: funding cools , open interest bleeds, and liquidation clusters get “vacuumed” in chunks, all visible in the last 24 hours’ liquidation maps and OI drops.

“Traders echoed that sentiment. A desk note from ￰23￱ highlighted how the sell-off was ‘the result of overleveraged positioning following ETH’s recent run-up, compounded by an overnight dip in the S&P 500 that pressured risk assets more broadly.’ In other words, crypto’s tumble wasn’t happening in a vacuum; it was magnified by fragile positioning and macro headwinds.”). Slice cleanly through $105K and the market likely tests $100K to probe real ￰24￱ catalysts: A turn in spot ETF flows back to net inflows, calmer macro headlines, or a volatility crush after options expiries could fuel an oversold ￰25￱ how price behaves on first tags of $108K-$110K-failed breakdowns, there often trap late shorts.

Risks: If ETF outflows persist and macro prints sour (e. g., hotter inflation, dollar bid), leverage can reload on the wrong side, inviting another forced-selling ￰26￱ weekend books remain a known ￰27￱ With $940M liquidated crypto in a single day, and Bitcoin surrendering $110K, the sea looks rough, but seasoned traders know that sharp washouts often pave the runway for big ￰28￱ feels less like “the end” and more like the end of ￰29￱ it becomes a deeper correction hinges on flows: do ETFs and spot buyers step back in, or does macro keep the tide out? Did you get caught in the liquidations, or did you HODL? Drop your battle scars or bounce plan in the comments!

BTC & ETH 24hr Performance . crypto-charts-container max-width: 100%; margin: 20px 0; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, sans-serif; . charts-grid display: grid; grid-template-columns: 1fr 1fr; gap: 20px; margin-bottom: 20px; . chart-card background: linear-gradient(135deg, #ffffff 0%, #f8f9fa 100%); border-radius: 12px; padding: 16px; box-shadow: 0 8px 32px rgba(0, 0, 0, 0.1); border: 1px solid rgba(37, 99, 235, 0.1); .

chart-header display: flex; justify-content: space-between; align-items: center; margin-bottom: 12px; . coin-info display: flex; align-items: center; gap: 8px; . coin-symbol font-weight: 700; font-size: 16px; color: #2563eb; . coin-price font-size: 14px; color: #374151; .

price-change font-weight: 600; font-size: 14px; padding: 4px 8px; border-radius: 4px; . price-change. negative color: #ff4444; background: rgba(255, 68, 68, 0.1); . chart-container position: relative; height: 140px; width: 100%; .

liquidation-stats background: rgba(37, 99, 235, 0.1); border-left: 3px solid #2563eb; padding: 12px; margin-top: 16px; border-radius: 0 8px 8px 0; . liquidation-title font-size: 12px; color: #2563eb; font-weight: 600; margin-bottom: 8px; text-transform: uppercase; letter-spacing: 0.5px; . liquidation-grid display: grid; grid-template-columns: 1fr 1fr; gap: 12px; . liquidation-item text-align: center; .

liquidation-amount font-size: 18px; font-weight: 700; color: #ff4444; line-height: 1.2; . liquidation-label font-size: 11px; color: #a0a0a0; text-transform: uppercase; letter-spacing: 0.3px; . total-liquidations text-align: center; padding: 16px; background: linear-gradient(135deg, rgba(255, 68, 68, 0.1) 0%, rgba(255, 68, 68, 0.05) 100%); border-radius: 8px; border: 1px solid rgba(255, 68, 68, 0.2); . total-amount font-size: 24px; font-weight: 800; color: #ff4444; margin-bottom: 4px; .

total-label font-size: 12px; color: #ffffff; font-weight: 500; @media (max-width: 768px) . charts-grid grid-template-columns: 1fr; gap: 16px; . chart-header flex-direction: column; align-items: flex-start; gap: 8px; . liquidation-grid grid-template-columns: 1fr; gap: 8px; BTC $110,267 -0.8% ETH $4,426 -3.3% 24H Liquidations $277M Bitcoin $320M Ethereum $940M Total 24H Liquidations // Sample 24-hour price data (simulated; last point aligned to latest quotes) const btcData = labels: '00:00','03:00','06:00','09:00','12:00','15:00','18:00','21:00','24:00', prices: 112820, 112300, 111900, 111200, 110900, 110400, 110100, 110200, 110267, liquidations: 0, 15, 25, 45, 85, 120, 95, 35, 20 ; const ethData = labels: '00:00','03:00','06:00','09:00','12:00','15:00','18:00','21:00','24:00', prices: 4670, 4620, 4580, 4520, 4480, 4450, 4440, 4430, 4426, liquidations: 0, 20, 35, 55, 110, 145, 125, 45, 25 ; function createChart(canvasId, data, color, coinName) const ctx = document.

getElementById(canvasId). getContext('2d'); new Chart(ctx, type: 'line', data: labels: data. labels, datasets: label: `$coinName Price`, data: data. prices, borderColor: color, backgroundColor: `$color20`, borderWidth: 2.5, fill: true, tension: 0.3, pointRadius: 0, pointHoverRadius: 6, yAxisID: 'price' , label: 'Liquidation Spike', data: data.

liquidations, type: 'bar', backgroundColor: '#ff444450', borderColor: '#ff4444', borderWidth: 1, yAxisID: 'liquidation', barThickness: 8 , options: responsive: true, maintainAspectRatio: false, plugins: legend: display: false , tooltip: mode: 'index', intersect: false, backgroundColor: 'rgba(0, 0, 0, 0.8)', titleColor: '#ffffff', bodyColor: '#ffffff', borderColor: color, borderWidth: 1, callbacks: label: function(context) if (context. datasetIndex === 0) return `Price: $$context. parsed. y.

toLocaleString()`; else return `Liquidations: $context. parsed. yM intensity`; , scales: x: display: true, grid: display: false , ticks: color: '#888', font: size: 10 , price: type: 'linear', position: 'left', display: false, grid: display: false , liquidation: type: 'linear', position: 'right', display: false, max: 200, grid: display: false , interaction: mode: 'index', intersect: false ); // Initialize charts createChart('btcChart', btcData, '#f7931a', 'Bitcoin'); createChart('ethChart', ethData, '#627eea', 'Ethereum'); KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage