BTC & ETH Today: Bullish Crypto Bets Worth $1.5B Wiped Out in Market Downturn
We just saw a harsh shake in the “Bullish Crypto” world. Over $1.5 billion in optimistic trades, especially leveraged long bets, were wiped out in about 24 hours. Bitcoin dropped below $112,000. Ethereum tumbled about 9%. These losses were not small. They jolted many traders and left altcoins reeling, too.
We want to understand what triggered this crash. We want to see how big this wipeout really is. And we want to know what comes next. Because when markets move this fast, there are lessons to learn for all of us investing in crypto.
The Market Downturn: What Happened?
On September 22, 2025, the crypto market slid sharply. ETH fell nearly 9%, touching about $4,075, while BTC dropped nearly 3% to around $111,998.
More than 400,000 traders had their leveraged positions liquidated in that 24-hour period. That includes ETH, Dogecoin, XRP, and several other major tokens.
Altcoins got hit hard. Prices across the board fell. Market cap dropped. Fear began creeping in. The sell-off was not just a correction; it felt like a cascade where one problem triggered another.
BTC and ETH Performance Snapshot
Bitcoin’s drop was less violent compared to Ethereum, but it still lost ground. It fell just under 3% in the daily window and briefly broke below key support levels near $112,000. Ethereum’s fall was steeper. A 9% drop put it below $4,200 support. Many long positions in ETH were force-closed. Volume surged. Volatility rose. Traders saw big oscillations in intraday charts. ETH’s resistance levels were breached, and Bitcoin showed weak bounce attempts.
Why $1.5 Billion Was Wiped Out
Most of the losses came from leveraged long positions. These are bets that the price will go up, made with borrowed funds. When price drops, losses multiply. Derivatives and futures played a big role. Traders had long positions on ETH, Dogecoin, and other major tokens. When prices slipped, margin calls kicked in. Forced liquidations followed.
The “cascade effect” made things worse. One set of liquidations pushed the price lower, triggering more liquidations. With so many trades using high leverage, there was little buffer. Exchanges saw heavy activity. ETH long positions alone lost nearly $500 million in this wipeout. BTC long positions also suffered.
Key Triggers Behind the Crash
Macroeconomic Factors
- The U.S. Federal Reserve’s decision to cut rates last week drew attention. Investors had hoped for aggressive easing. Instead, they got cautious signals.
- Inflation remains an issue. Global risk sentiment is fragile.
Crypto-Specific News
- Speculative excess built up after positive news and optimism. When things turned, that built-in leverage magnified losses.
- Larger tokens like ETH, DOGE saw big liquidations, which fed into broader fear.
Market Structure
- Funding rates (what traders pay to hold leveraged positions) were high in many cases. That encourages more leverage. But when the price moves the other way, the risk of forced liquidation is strong.
- Key support levels were broken (e.g., ET, H below $4,200, BTC below some resistance zones). Once support fails, stop losses force selling accelerates price falls.
Broader Impact on Crypto Market
Altcoins took the worst beabeatingogecoin lost more than 10%. SOL, ADA, BNB, TRX, and others fell by 5-10%. The broader market cap dropped below $3.83 trillion as of the latest reports.
Crypto-linked stocks also trended down. When crypto prices dive, companies involved in mining, exchanges, or holding crypto are hit too.
Liquidations and high volatility reduce investor confidence. Many traders may pull back. That lowers liquidity, which can make future moves more volatile. We may see slower inflows until things settle.
What’s Next for BTC and ETH?
We should watch these technical levels closely:
- For BTC: Support near $107,000–$112,000. If it holds, maybe a rebound. If not, further decline is likely. Resistance is around $114,000 to $118,000.
- For ETH: $4,000 is now an important psychological level. If ETH drops below that, more selling may follow. On the upside, resistance near $4,400–$4,500 may block gains.
Analyst forecasts are mixed. Citi has a year-end target for ETH around $4,300. Standard Chartered sees a possible higher scenario if network activity expands. But they also warn of the downside if macroeconomic risks grow.
We also need to watch upcoming U.S. data: inflation, job numbers, Fedand comments. Dollar strength and interest rates will shape how attractive “Bullish Crypto” bets are.
Conclusion
The $1.5B wipeout underlines how fragile bullish crypto bets can be when markets shift fast. We saw ETH and BTC lose big, especially in leveraged bets.
We learned that leverage, broken supports, and macro risk combine into dana dangerous mix. But this isn’t the end. For disciplined investors, there are lessons: manage risk, watch key levels, don’t over-leverage, and stay aware of macro signals.
“Bullish Crypto” remains an exciting idea. But right now, the path ahead is bumpy. We must expect swings, both down and, possibly soon, up. If fundamentals like adoption, staking, Ethereum applications, or Bitcoin institutional demand hold up, there could be room for recovery. Until then, caution seems wise.
FAQS:
Bitcoin and Ethereum crashed because many traders used leverage to bet on higher prices. When prices fell, forced liquidations happened. High volatility and global economic worries also added pressure.
The ETH market is currently bearish. Prices are dropping an,d support levels are weak. Traders are cautious, and many long positions have been liquidated, showing that selling pressure dominates.
Right now, ETH is closer to a sell signal for short-term traders. Prices are falling, and momentum is weak. Long-term investors may wait for stronger support levels.
Disclaimer:
This content is for informational purposes only and is not financial advice. Always conduct your research.
