Cryptocurrencies Sink as $1.5 Billion in Bullish Bets Wiped Out

Last edited Mon Sep 22, 2025, 07:13 AM - Edit history (1)

"Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that sent Ether and other tokens plunging.

Ether fell as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions in the second-largest token were liquidated according to data from Coinglass. Bitcoin declined 3% to $111,998 at one point. Coins like Solana, Algorand and Avalanche also dropped.

It was the biggest wave of liquidations across cryptocurrencies since at least March 27, the Coinglass data show.

Demand from publicly-listed vehicles set up to hoard tokens helped drive Bitcoin and Ether to all-time highs in August. That momentum has started to fade as shares of digital-asset treasury firms ranging from Michael Saylor’s Strategy to Japan’s Metaplanet Inc. retreated.

https://www.bloomberg.com/news/articles/2025-09-22/cryptocurrencies-sink-as-1-5-billion-in-bullish-bets-wiped-out?srnd=homepage-americas

Here is a yahoo link which isn't subscription based:

https://finance.yahoo.com/news/cryptocurrencies-sink-1-5-billion-102051505.html