First-party telemetry from Leverage.Trading shows how retail traders measure risk before market headlines hit.

As volatility wiped out billions across crypto and equities this summer, most headlines told the story after the fact — counting liquidations once positions were already gone. But new data from Leverage. Trading’s Global Leverage & Risk Report (August 2025) suggests retail stress builds long before markets snap.

Based on anonymized first-party telemetry from 27,416 traders across 94 countries, the report captures how traders used risk calculators to test liquidation levels, margin exposures, and position sizes in advance — a behavioral signal rarely visible in broker data.

The activity reflects traders operating on major crypto leverage trading platforms and crypto futures exchanges, where pre-trade checks often determine position size and liquidation tolerance before orders are executed.

From Liquidations to Signals

Traditional exchange feeds log liquidations once they’ve already occurred. Leverage.Trading’s data flips the lens: it records how traders planned risk before placing trades.

One striking case: on July 11, liquidation safety checks spiked 5× above baseline just hours before a $1.29 billion short wipeout in Bitcoin. Headlines later reported the losses; telemetry showed the panic in motion before the crash.

This mirrors patterns seen in professional volatility data. On the same day, CoinGlass recorded one of the largest funding rate inversions since 2022, while Barron’s and The Block highlighted the wave of forced liquidations across derivative venues.

The Panic Tape: August in Focus

August 2025 provided a series of live stress tests.

• Aug 12 — ETH Rally
  • As Ether climbed toward $4,400, liquidation checks surged 23% overnight, a defensive move that anticipated turbulence.
• Aug 15 — $6B Options Expiry
  • U.S. traders drove a 13.7% jump in risk checks as BTC/ETH contracts expired, recalibrating positions in real time

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Author: News Desk