August 1 Sees $920 Million in Long Positions Liquidated Across the Market, Marking the Largest Long Liquidation Day Since February 25

BlockBeats News, August 3 — According to data from Coinglass, long positions across the entire network were liquidated for a total of $922.2 million on August 1, marking the largest single-day liquidation of longs since February 25 of this year.

It is worth noting that after February 25, the market underwent more than two months of downward consolidation.