Coinglass data showed that the August 19 surge triggered $2.739 billion in short liquidations and $248 million in long liquidations. According to ChainCatcher, the total liquidations ranked eighth among the largest single-day events in crypto history, while short liquidations set a record for the highest single-day amount.

The data also showed that among the top 10 and top 30 liquidation events in crypto history, August 19 was the only event dominated by short liquidations. The others were driven by long liquidations during crypto declines.