After Ethereum developers announced this July 14 that their long-awaited switch to proof-of-stake will most likely occur in September. The price of ETH rose above $1,400, and other cryptocurrencies followed this trend. This announcement slightly changed the sentiment, bringing more positivity to the market. Significant liquidations followed the growth of the crypto market. About $235M worth of ETH and $76M worth of BTC were liquidated.

The largest liquidations happened on the following derivatives exchanges:

• $139M on FTX;
• $121M on OKX;
• $70M on Binance;
• $31M on Bybit;
• $12M on Huobi.

The latest market intelligence and in-depth reports in our Telegram channel and Twitter