On August 1st, the entire network experienced a long liquidation of 920 million US dollars, marking the largest long liquidation day since February 25th.

BlockBeats News, August 3rd, according to Coinglass data, on August 1st, the entire network long positions were liquidated totaling $9.222 billion, marking the largest long liquidation day since February 25th this year.

It is worth noting that after February 25th, the market went through a consolidation phase lasting over two months.