August 7 Liquidations Recap: $12.9M Wiped Out as Longs Lead Losses
UTC August 7 saw $12.89M in total liquidations, with longs accounting for 56% of the damage. The largest single liquidation was an ETHUSDT position worth $633K.
Overview
Total liquidations for the UTC day of August 7, 2026 reached $12,886,414.37. Long positions bore the brunt, accounting for 56% of all liquidated value.
- Long liquidations: $7,226,776.60
- Short liquidations: $5,659,637.77
Top Symbols
XRPUSDT led the pack with $2,531,383.11 in liquidations, predominantly on the long side. ETHUSDT followed with $2,420,629.89, mostly shorts, while BTCUSDT saw $2,203,514.22 in short-side liquidations.
Rounding out the top five were 1000BONKUSDT at $858,062.70 (long-dominant) and ENAUSDT at $444,472.34 (short-dominant).
Largest Single Liquidation
The biggest individual wipeout of the day was an ETHUSDT position totaling $633,294.78, marking the session's most notable single-event move.