**Bitcoin Takes a Tumble: A Wild Ride on August 1st! 🚀**

- Bitcoin (BTC) had a rollercoaster day on August 1, dropping over $1,600 in just 60 minutes!

- BTC fell from $64,000 to $62,800, causing long traders to lose big, with $310.27 million liquidated.

- The largest single liquidation? An ETH-USDT swap worth $4 million on OKX.

- Analysts say it's not "extreme" but caution about low liquidity and magnified selling.

- Despite the dip, some analysts remain optimistic, noting BTC is holding above key support levels.

- Historically, August hasn't been kind to Bitcoin, with average returns of -6%.

Stay tuned for more crypto adventures!