According to @glassnode, approximately $66M in short positions were liquidated on Aug 12, 2025 with the market trading near $4.62k, marking the second-largest short liquidation event year-to-date, source: @glassnode.

According to @EmberCN, a whale with a 75% win rate on ETH closed all ETH short positions after further liquidations this afternoon, realizing a loss of 20.73 million dollars, source: X post by @EmberCN on Aug 9, 2025. According to @EmberCN, the whale began shorting ETH on July 28 and at one point on August 3 had an unrealized profit of 12.25 million dollars before the market reversed, source: X post by @EmberCN on Aug 9, 2025. According to @EmberCN, as ETH continued to rise, the position repeatedly faced liquidation and margin top-ups, with a total of 20.98 million USDT added before the trader capitulated and fully closed, source: X post by @EmberCN on Aug 9, 2025. According to @EmberCN, the update includes screenshots documenting the liquidation and closure timeline, underscoring significant forced selling pressure on the short side, source: X post by @EmberCN on Aug 9, 2025.

According to Francisco Rodrigues, bitcoin (BTC) declined 2.9% over 24 hours as Israeli airstrikes on Iran intensified geopolitical tensions, causing a 6.1% drop in the broad crypto market index and prompting investors to flee risk assets. Jake Ostrovskis noted that Solana (SOL) fell 9.5% despite SEC requests for ETF S-1 updates, with a 90% approval probability by year-end, suggesting the market is underexposed to SOL. Spot BTC ETFs saw $939 million in net inflows month-to-date, per Farside Investors, while derivatives open interest dropped to $49.31 billion, according to Velo data, amid elevated liquidations.

According to AltcoinGordon on Twitter, $2.16 billion worth of Ethereum (ETH) short positions will be liquidated if ETH reaches the $3,000 price level (source: AltcoinGordon, Twitter, June 10, 2025). This large-scale liquidation could trigger rapid price movements and increased volatility, providing a significant opportunity for traders to watch for breakout momentum and potential short squeezes. Crypto market participants should closely monitor ETH price action and related derivatives data as the $3,000 threshold approaches, as substantial liquidations can influence spot and futures market dynamics.