Sep 22, 2025
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Crypto Market Liquidation Hits $1.7B amid Bitcoin and Altcoins Crash
Crypto Market Sell-off: The crypto market experienced a significant sell-off, leading to more than $1.7 billion in liquidations. Bitcoin fell below $113,000, with analysts predicting further declines and a deeper correction.
- BTC dropped by 2.62% to $112,799, resulting in an $80 billion reduction in its market cap. Daily trading volume increased by 70% to $43 billion.
- Ethereum, XRP, BNB Coin, Solana, and Dogecoin corrected by 6-10%.
Analyst Insights: Crypto analyst Ted Pillows noted that Bitcoin is likely to face more long liquidations between $106,000 and $108,000 before any upward movement.
- Crypto analyst Captain Faibik warned of another bearish wave for BTC due to patterns like a broken rising wedge and a forming bearish flag.
Altcoin Performance: In the altcoin market:
- Ethereum led in 24-hour liquidations with $483 million compared to Bitcoin's $276 million.
- ETH price entered a deeper correction, trading under $4,200, down 15% from its all-time high.
- BNB Coin hit an all-time high of $1088 but remains above $1,000 despite a 4.55% drop today.
- DOGE fell by 10.79%, trading under $0.24 amidst interest in a spot Dogecoin ETF.
