PUMP Tops All Networks in Last Hour Liquidations, $14.3M Longs Liquidated on Chain's PUMP Leaderboard II

ProPetro Holding Corp (PUMP) saw significant liquidation activity in the last hour, with $14.3 million in long positions liquidated across multiple networks (). The stock has faced volatility over recent quarters, reflecting challenges in profitability and revenue expectations. Analysts remain divided on its short-term outlook, with varying price targets ranging from $5 to $20.

ProPetro reported a Q2 2025 net loss of $0.07 per share, well below the $0.03 gain forecast, while revenue fell short of expectations at $326 million. The stock dropped 14.91% to $5.39 in pre-market trading following the earnings release. Despite ongoing financial challenges, analysts project a $0.24 EPS for 2025.

ProPetro outlined plans for reduced fleet operations in Q4 2025 and capital expenditure guidance of $270–310 million for the year. CEO emphasis on next-gen equipment and a resilient business model has not yet translated into strong investor confidence.

Why Did This Happen?

The recent liquidations reflect increased bearish sentiment and leverage use in the stock market, particularly for volatile assets like PUMP. The company's earnings miss contributed to the downward pressure on its share price. Additionally, the company's lack of profitability over the last 12 months has limited long-term confidence.

The earnings report highlighted a Q2 revenue decline of 9% quarter over quarter and adjusted EBITDA of $50 million, representing 15% of total revenue. These figures, while modest, suggest ongoing challenges in scaling profitability amid market uncertainty.

How Did Markets Respond?

PUMP's stock dropped sharply after the earnings release, closing at $5.39 in pre-market trading. The decline aligns with broader market volatility and a cautious outlook for energy-related stocks. Analysts have issued a range of price targets, with some as high as $20, while others have maintained bearish stances, setting targets as low as $5.

In the crypto markets, Bitcoin and Ethereum experienced notable gains driven by institutional demand and ETF inflows. Bitcoin rose above $97,000 for the first time in three months, with over $360 million in short liquidations reported in the past 24 hours. Ethereum also saw gains, with ETF inflows reaching $130 million on Tuesday.

What Are Analysts Watching Next?

Analysts are monitoring PUMP's ability to meet its 2025 capital expenditure targets and reduce active fleets in Q4. The company's liquidity position at $178 million offers some buffer, but earnings performance will remain a key factor.

In the cryptocurrency space, attention is turning to Bitcoin's ability to maintain momentum above $95,000 and whether the bullish trend continues into 2026. Ethereum traders are watching for a breakout above $3,470, with the 200-day EMA acting as a key level.

Meanwhile, broader concerns about AI-driven crypto scams continue to grow, with losses estimated at $17 billion in 2025. The report by Chainalysis highlights the rising use of deepfakes and impersonation tactics, which are making scams more difficult to detect.