Sep 22, 2025
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Crypto Market Sees $600M in BTC and ETH Long Liquidations
The cryptocurrency market experienced a significant downturn as Bitcoin fell below $115,000 and Ethereum dropped under $4,500. This erased weeks of positive momentum and led to panic selling.
- Key factors include an overleveraged derivatives market, with $597 million in BTC and ETH long liquidations in the past 24 hours.
- This liquidation serves as a reminder of the risks associated with excessive leverage in volatile markets.
- The selloff highlights the tension between bullish sentiment and macroeconomic uncertainties, such as central bank policy changes.
Liquidations and Market Speculation
- In the last 24 hours, $189 million in Bitcoin longs and $408 million in Ethereum longs were liquidated.
- This rapid sell-off forced bulls to retreat and amplified the market decline.
- Analysts are divided: some see this as a leverage reset, while others predict further corrective action.
The market is now in a phase of uncertainty, with investors watching whether new demand will stabilize prices or if further selling pressure will lead to a deeper decline.
Total Crypto Market Cap Analysis
- The total crypto market cap has decreased by 3.3%, sitting at approximately $3.83 trillion.
- A rejection near the $4 trillion resistance level has capped upward movements.
- The 50-day SMA (~$3.87T) is being tested; a close below could indicate further downside toward the 100-day SMA (~$3.68T).
- If the market stabilizes above $3.8T, it may attempt to break $4T again. A drop below $3.7T could signal a potential corrective phase.
