Bitcoin experienced significant price volatility at the start of August, leading to over $280 million in liquidations, predominantly from long positions. The first day of the month alone saw liquidations exceeding $280 million, with long liquidations making up over $231.6 million of this total. This trend of long liquidation dominance was not isolated to just the first day but was evident in the days leading up to it, indicating a period of bullish sentiment that was abruptly challenged. The disparity between long and short liquidation volumes underscores the volatility Bitcoin has faced recently. Despite a slight recovery in Bitcoin's price by the end of the day, the trend of long liquidations may continue if the market remains volatile. Bitcoin's trading volume has been high, with the previous session reaching around $41 billion and the current volume already over $38 billion, suggesting active market participation.