Announcements Gate Research: BTC and ETH Prices Drop, Over $130M in Long Positions Liquidated, CEX Bitcoin Holdings at Three-Year Low

Gate Research: BTC and ETH Prices Drop, Over $130M in Long Positions Liquidated, CEX Bitcoin Holdings at Three-Year Low

2024-08-13 07:48:00 UTC 5520 Read

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**Gate Research Daily Report: **August 12—BTC and ETH prices declined, with both BTC and ETH ETFs experiencing net outflows last Friday. Market contract liquidations predominantly affected long positions, and BTC holdings on centralized exchanges saw a significant drop. Additionally, key projects such as the Bitcoin Rollup network Nexio and gaming infrastructure provider Televerse secured important funding.

**Market Review**: BTC and ETH prices declined on Monday, with BTC falling below $59,000.
**Futures Market**: In the past 24 hours, total network contract liquidations exceeded $160 million, with over $130 million in long positions liquidated.
**Spotlight**: Bitcoin holdings on centralized exchanges have significantly decreased, reflecting increased demand for self-custody.
**Funding News**: Crypto market funding activity has primarily focused on infrastructure and decentralized investment platforms.
**Market Opportunities**: Several projects, including Aethir, Matr1x, and Layer 3, have announced airdrops.

Explore today's details  👉🏻[Gate Research: BTC and ETH Prices Drop, Over $130M in Long Positions Liquidated, CEX Bitcoin Holdings at Three-Year Low](https://www.gate.io/learn/articles/gate-research-btc-and-eth-prices-drop-over-130m-in-long-positions-liquidated-cex-bitcoin-holdings-at-three-year-low/3779)

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Gate.io Team
August 13th, 2024

Gate Research: BTC and ETH Prices Drop, Over $130M in Long Positions Liquidated, CEX Bitcoin Holdings at Three-Year Low

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