Latest Breaking News

BumRushDaShow

(160,911 posts) Mon Sep 22, 2025, 07:52 AM Sep 22

Cryptocurrencies Sink as $1.5 Billion in Bullish Bets Wiped Out

Source: Bloomberg

September 22, 2025 at 3:01 AM EDT
Updated on September 22, 2025 at 6:20 AM EDT

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.

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

16 replies

= new reply since forum marked as read

Highlight:

Cryptocurrencies Sink as $1.5 Billion in Bullish Bets Wiped Out (Original Post) BumRushDaShow Sep 22 OP

Ugh, this will ripple through the real markets... Hugin Sep 22 #1

Apparently selling and cashing in................ Lovie777 Sep 22 #2

The dollar lost a little ground today, but not much DFW Sep 22 #12

Crypto, especially with Trump and his buddies, is a huge Ponzi scheme. Lonestarblue Sep 22 #3

The only difference is that Ponzi schemes are based on actual money or goods. Martin68 Sep 22 #8

Only the beginning ... BlueWavePsych Sep 22 #4

Great cartoon ... it's a newer version of this one one FakeNoose Sep 22 #5

The lemmings were graphically portrayed in "Ghost Donald In The Sky" (One Fish Filet! Big Mac to Go!) DFW Sep 22 #13

Just a little fleecing of the sheep ? republianmushroom Sep 22 #6

They've been warned. I'd be more likely to invest in tulips than cryptocurrency. Martin68 Sep 22 #7

I never could figure out what purpose crypto served..... this has been my opinion of it all along also groundloop Sep 22 #9

Me too BonnieJW Sep 22 #11

As an investment, it's just a scam, pure and simple. Martin68 Sep 22 #15

I just used my Coinbase card to buy lunch at Wawa. RandiFan1290 Sep 22 #10

Did any cryptocoins actually change hands in this transaction? hunter Sep 22 #14

Yes, I used some of the Bitcoin I've bought over the past 10 years. RandiFan1290 Tuesday #16

Hugin

(36,910 posts)

1. Ugh, this will ripple through the real markets...

Reply to BumRushDaShow (Original post)

Mon Sep 22, 2025, 08:08 AM

Sep 22

For real stuff and services. There’ll be some sort of misguided 100 cents on the Dollar bailout and stagflation will march on.

Lovie777

(20,499 posts)

2. Apparently selling and cashing in................

Reply to BumRushDaShow (Original post)

Mon Sep 22, 2025, 08:32 AM

Sep 22

what about the dollar?

DFW

(59,025 posts)

12. The dollar lost a little ground today, but not much

Reply to Lovie777 (Reply #2)

Mon Sep 22, 2025, 02:37 PM

Sep 22

The euro started the day at $1.1735 and is currently at about $1.1795

Gold jumped $50 from $3695 to $3745, which is over 1% in a day. THAT is a jump, but traditionally, it pulls back a little during profit-taking. Watch the next couple of days to see if the rally has staying power.

Lonestarblue

(12,949 posts)

3. Crypto, especially with Trump and his buddies, is a huge Ponzi scheme.

Reply to BumRushDaShow (Original post)

Mon Sep 22, 2025, 08:57 AM

Sep 22

Eventually, they do fail.

Martin68

(26,519 posts)

8. The only difference is that Ponzi schemes are based on actual money or goods.

Reply to Lonestarblue (Reply #3)

Mon Sep 22, 2025, 11:59 AM

Sep 22

BlueWavePsych

(3,170 posts)

4. Only the beginning ...

Reply to BumRushDaShow (Original post)

Mon Sep 22, 2025, 10:19 AM

Sep 22

FakeNoose

(38,789 posts)

5. Great cartoon ... it's a newer version of this one one

Reply to BlueWavePsych (Reply #4)

Mon Sep 22, 2025, 11:12 AM

Sep 22

DFW

(59,025 posts)

13. The lemmings were graphically portrayed in "Ghost Donald In The Sky" (One Fish Filet! Big Mac to Go!)

Reply to BlueWavePsych (Reply #4)

Mon Sep 22, 2025, 02:41 PM

Sep 22

republianmushroom

(21,491 posts)

6. Just a little fleecing of the sheep ?

Reply to BumRushDaShow (Original post)

Mon Sep 22, 2025, 11:23 AM

Sep 22

Martin68

(26,519 posts)

7. They've been warned. I'd be more likely to invest in tulips than cryptocurrency.

Reply to BumRushDaShow (Original post)

Mon Sep 22, 2025, 11:58 AM

Sep 22

I trust Paul Krugman to explain economic issues, and he calls cryptocurrency a total fraud. Nobody buys anything legal with cryptocurrency.

groundloop

(13,318 posts)

9. I never could figure out what purpose crypto served..... this has been my opinion of it all along also

Reply to Martin68 (Reply #7)

Mon Sep 22, 2025, 12:12 PM

Sep 22

Unless someone can convince me otherwise I'm a total skeptic of crypto, and am of the opinion that it's only purpose is for money laundering and other nefarious payments.

BonnieJW

(3,024 posts)

11. Me too

Reply to groundloop (Reply #9)

Mon Sep 22, 2025, 02:27 PM

Sep 22

It's a concept with nothing solid backing it up.

Martin68

(26,519 posts)

15. As an investment, it's just a scam, pure and simple.

Reply to BonnieJW (Reply #11)

Mon Sep 22, 2025, 03:32 PM

Sep 22

RandiFan1290

(6,617 posts)

10. I just used my Coinbase card to buy lunch at Wawa.

Reply to Martin68 (Reply #7)

Mon Sep 22, 2025, 12:20 PM

Sep 22

Nothing illegal at all.

hunter

(39,977 posts)

14. Did any cryptocoins actually change hands in this transaction?

Reply to RandiFan1290 (Reply #10)

Mon Sep 22, 2025, 03:31 PM

Sep 22

Or did Coinbase simply use dollars from another Coinbase user to pay for your lunch?

What you've got here is a bank that treats cryptocurrency as an asset based entirely upon *your* faith.

Personally, I don't have any faith in these magic numbers that are produced at great environmental cost in the cryptocurrency "mines."

The money I have in my credit union is anchored in home and automobile loans. I have faith that borrowers will repay these loans because they don't want to lose their homes or automobiles. I don't have any faith in these supposedly magic numbers that cryptocurrencies are based upon.

If cryptocurrency markets collapse of their own absurdity, or are banned by governments as a threat to the common good, I won't be sad.

RandiFan1290

(6,617 posts)

16. Yes, I used some of the Bitcoin I've bought over the past 10 years.

Reply to hunter (Reply #14)

Tue Sep 23, 2025, 05:54 AM

Tuesday

I am not asking anyone to buy or trust crypto,
I was just pointing out that there was nothing "illegal" about my purchase.

Reply to this discussion