Over $126 Million Liquidated in Bitcoin & Ethereum, Analyst Predicts Red September

The crypto market saw a massive liquidation of over $126 million within just an hour, with $125.18 million originating from long positions. This dramatic price drop suggests traders anticipated higher prices for both Bitcoin (BTC) and Ethereum (ETH), but these expectations haven’t materialized yet. Despite the recent dip, analysts remain bullish on crypto, predicting a new all-time high (ATH) for ETH and BTC in the coming weeks. One prominent analyst, however, foresees a bearish September, implying a significant correction for the market.