Ethereum Sees Higher Liquidation Volume Than Bitcoin in Past Hour.

In the past hour, Ethereum's liquidation volume reached $12.4786 million, while Bitcoin's was $2.5879 million. The total network liquidation was $21.8129 million, with 114,518 people globally being liquidated in the past 24 hours, totaling $533 million. The largest single liquidation occurred on Binance - DOGEUSDT, amounting to $9.8217 million.

In the past 24 hours, Ethereum (ETH) and Bitcoin (BTC) liquidation volumes have surged significantly, highlighting the ongoing volatility in the cryptocurrency markets. According to data from July 2, 2025, Ethereum's liquidation volume reached $12.4786 million, while Bitcoin's was $2.5879 million. The total network liquidation was $21.8129 million, with 114,518 people globally being liquidated in the past 24 hours, totaling $533 million [1].

The largest single liquidation occurred on Binance - DOGEUSDT, amounting to $9.8217 million. This significant liquidation event underscores the heightened risk and potential for volatility in leveraged trading positions, particularly in the DOGEUSDT market.

This surge in liquidations comes amid reports of substantial institutional buying in the Ethereum market. On August 11, three of the world’s biggest asset managers—BlackRock, Fidelity, and Grayscale—collectively purchased more than $1 billion worth of ETH in a single day [2]. This significant buying spree pushed Ethereum ETF inflows to $1.54 billion between August 11 and 12, according to Farside Investors data. Notably, BlackRock’s Ethereum ETF (ETHA) accounted for the lion’s share, adding $639.8 million in inflows, while Fidelity contributed $276.9 million and Grayscale purchased roughly $80 million.

The influx of institutional capital into Ethereum has been accompanied by a notable increase in search interest for the cryptocurrency. According to Google Trends data, search interest for Ethereum has spiked 1,900% from July 13 to August 13, reaching its highest level in at least a year [2].

While Ethereum has seen significant institutional buying, Bitcoin has also been the subject of strategic acquisitions. Empery Digital Inc., a $956 million market cap company, has been actively acquiring Bitcoin, adding 17.51 BTC for $2 million since its last update on August 6 [3]. The company now holds a total of 4,018.36 BTC, acquired for approximately $472 million, representing an average purchase price of $117,552 per BTC.

The recent surge in liquidations and institutional buying highlights the dynamic nature of the cryptocurrency markets. As investors and financial professionals navigate this volatile environment, it is crucial to remain vigilant and monitor market trends and developments closely.

References:
[1] https://finbold.com/blackrock-fidelity-grayscale-scoop-1-billion-in-ethereum-in-a-day/
[2] https://www.investing.com/news/company-news/empery-digital-acquires-additional-1751-bitcoin-for-2-million-93CH-4182874
[3] https://www.tradingview.com/symbols/DOGEUSDT/