The Ethereum (ETH) market has recently experienced a significant upheaval. As of August 3, 2025, at 1:32 AM, the price of ETH has risen to $3471.15. However, behind this seemingly optimistic number lies a concerning reality.

In the past 24 hours, the total liquidation amount of ETH across all exchanges reached 153 million USD, with long liquidations accounting for the majority at 131 million USD, representing a staggering 85.59%. In contrast, the liquidation amount of short positions was only 22.02 million USD, accounting for 14.41%. This data clearly indicates that most investors hold an optimistic view of ETH's short-term trend, but the actual market performance was unexpectedly different.

This large-scale long liquidation phenomenon has triggered deep reflections in the market regarding the future trend of ETH. Although the Ethereum ecosystem has made significant progress over the past decade, this incident indicates that the volatility of the cryptocurrency market remains one of the main risks that investors need to approach with caution.

For ETH holders and potential investors, this market adjustment is undoubtedly a warning signal. It reminds us that even mainstream cryptocurrencies like Ethereum can experience severe price fluctuations in a short period. Therefore, establishing a robust risk management strategy is particularly important when investing in cryptocurrencies.

As the cryptocurrency market continues to develop and mature, similar price fluctuations may become the norm. Investors need to remain vigilant, closely monitor market dynamics, and make informed investment decisions based on their own risk tolerance. At the same time, this also highlights the urgent need for a more sound regulatory and risk control mechanism in the cryptocurrency market to protect investors' interests and maintain market stability.