Solana, XRP Join ETH & BTC in $524M Crypto Liquidations

The liquidation of the crypto market in the past 24 hours has reached $524.30 million, with 125,005 traders facing liquidation. The majority of these occurred in longs, and shorts remained slow or resilient. Ethereum faced the highest liquidation, $214.11 million, with $171.54 million and $42.57 million.

Source: CoinGlass

As per data from Lookonchain, whale 0x89Da is back with 9.6 million USDC and opened a long position of 15,353 ETH. In a post on the same day, it was noted that the whale closed 21,683 ETH long at a loss of $6.6 million.

Back at the tables already—gamblers never quit. Whale 0x89Da is back with 9.6M $USDC and opened a long position of 15,353 $ETH($65.6M) again. pic.twitter.com/SIlrhs7UIH

— Lookonchain (@lookonchain) August 18, 2025

On the other hand, an OTC whale 0xd8d0 has spent 83.96 million USDC stablecoin to buy 10,000 Ether and 350 Bitcoin. The whale is the same one who was reported to have sold 10,000 stETH and 398 BTC on August 07, 2025, for 84.93 million USDC.

Bitcoin collective liquidation in the past 24 hours has reached $111.85 million, led by longs with $105.78 million and shorts at $6.07 million only. However, in the hourly frame, the liquidation in Bitcoin has surpassed Ethereum with a liquidation of $16.57 million, with $16.39 million only in longs.

Solana, XRP, and Doge liquidation followed ETH and BTC

With Ethereum leading the charge in 24-hour liquidation, Solana, XRP, and Dogecoin have also faced considerable liquidation. SOL total reached over $31 million with $28.57 million in longs and the remaining $3.10 million in shorts.

Source: CoinGlass

As per market experts, over the last few trading sessions, the crypto market has broken several bullish marks, which sparked curiosity among traders to bet more on longs, creating an opportunity for bears to wipe out long positions and collect gains.

XRP total liquidation was $19.71 million with only $302.20k in shorts compared to $19.41 million in longs. As per the most recent information, Wall Street hedge funds are shirting on ETH, and their net short position just hit a record high.

A quick overview of the crypto market

According to the data from CoinMarketCap over the past 24 hours, the crypto market cap has fallen by 3.29% reaching $3.89 trillion, and CMC100 is down by 3.44% reaching $240.86, and the crypto fear and greed index is at 56

At the same time, Bitcoin is exchanging hands at $4,304.30 with a loss of 2.74% intraday. It traded highest at $118,597.78, yet with growing liquidation and pull back it has also mirrored a low of $114,723.

In a week, Bitcoin has lost 5.07% of its price; moreover, it is crucial to note that in the same week on August 14, 2025, it has established an all-time high of $124,457.12

Ethereum was speculated to surpass its ATH of $4,891, but the spike and surge longs position has turned below $4,500, and till writing, it is trading at $4,292 with a loss of 5.58% and its market cap has reached $518.67 billion.

After losing 5.30% intraday, XRP is now trading below the mark of $3.00 at $2.97, and in the weekly frame, it is 9.23% in the red zone. Despite this bearish movement, there is hope of its reaching above $4.00 by year’s end.

Solana is now at $181.23 with a correction of 5.90% intraday. It is resting, but there are still higher chances of it beating the annual target of $300.

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