Bitcoin (BTC) and Ethereum (ETH) saw over 15 billion USD liquidated within 48 hours due to panic selling and overleveraged positions. BTC’s Open Interest decreased by over 5 billion USD while ETH’s fell by nearly 10 billion USD.
As of August 2, 2025, funding rates for both Bitcoin and Ethereum show signs of recovery, indicating that bearish momentum might be easing and market conditions could be setting up for a recovery.
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