The encryption market fell sharply in a short time, from $2.68 trillion to $2.55 trillion, evaporating about $108 billion in six minutes. This was the biggest drop since October 2025, when leverage positions were concentrated, and the mainstream currency was charged at the same time as the Yamaya currency.
A 24-hour bombhouse of $1.71 billion.
CoinGlass data show that 281,846 traders have been liquidated over the past 24 hours, with a cumulative amount of approximately US$ 17.1 billion. Of these, multiple losses were the most severe, with approximately $574 million in silos levelled in four hours alone.
There has also been a marked fall in the market for derivatives. The market-wide open contract fell by approximately US$ 3,34 billion, by 5.18 per cent, to about US$ 55.6 billion. Over the past four days, the encryption market has accumulated over $4.5 billion in silos.
Bitcoin went down near $76,500.
Prior to that, bitcoin rose from $63,600 to $79,500, which at one time triggered an empty liquidation of approximately $2.7 billion. But on August 22nd, after the turn of events, the high leverage was quickly contained.
Bitcoin fell to about $76,500 in six minutes, corresponding to multiple liquidations of about $258 million. The same was true of the fall in prices to US$ 2,426, with a settlement of approximately US$ 293 million.
The largest decline was in XRP, with prices falling from US$ 1.70 to US$ 1.51, or about 12 per cent, and related liquidations of about US$ 122 million.
It evaporates $53 billion in minutes.
The TOTAL3 indicator, which measures the total market value of encrypted assets other than bitcoin and the Taifeng, fell from $78.4 billion to $73.1 billion, a decrease of approximately $53 billion, or 6.7 per cent, within the single K line. During the same period, bitcoin fell by about 2.5 per cent.
The article also mentions that analysts consider $70,500 as the current critical support of bitcoin, and $78,800 near it is the main resistance in the near future. If the price is maintained above the above-mentioned support, the market space for restoration remains; if it fails, the wheel may further slow down.