Bitcoin bounced back above $114,000 after weekend volatility, liquidating $107 million in shorts as leverage traders got hit hard.
(Photo of Reinhart Julian on Unsplash)
Posted August 4, 2025 at 10:44 am EST.
Bitcoin rallied past $114,984 late on Sunday after dropping to a three-week low of $112,080 earlier in the day.
The leading digital asset’s move to the downside over the weekend began on Friday, which saw bitcoin fall 2% as the Coinbase Premium – a measure of U.S. institutional interest – flipped negative after two months in positive territory.
Bitcoin’s late recovery Sunday evening was enough to trigger $107 million worth of short liquidations over the last 24 hours, according to data from CoinGlass.
This story is an excerpt from the Unchained Daily newsletter.
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“Using over 5x leverage means you’re exponentially more likely to get liquidated within 24 hours,” noted CryptoQuant CEO Ki Young Ju on X.
“Bitcoin moved more than 2% on most days (82%) this month. If you play 50x Russian roulette every day, the chance of surviving a week is only 0.000612%.”
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