Crypto Market Liquidations Exceed $400 Million Amid Bitcoin Price Drop
The cryptocurrency market witnessed a significant sell-off on Sept. 25, leading to $400 million in liquidations. Bitcoin's price fell to around $111,000.
Key Highlights:
- A total of 129,655 traders were liquidated, with the largest single order at $29.12 million on Hyperliquid.
- Ethereum saw the highest liquidations at $159.92 million, predominantly affecting long traders.
- Bitcoin liquidations reached $41.36 million, with long traders incurring $39.88 million in losses.
- Other impacted assets included Solana, Avalanche, and XRP.
- Bitcoin's price dropped by 0.54% over 24 hours, now valued at $111,909.50 according to CoinMarketCap.
- Coinbase CEO Brian Armstrong forecasts Bitcoin could reach $1 million in five years, citing regulatory improvements and institutional demand.
Amid market volatility, Maxi Doge (MAXI) attracted attention from investors, raising $2.48 million in its presale, priced at $0.000259 per unit.