{"id":91365,"date":"2025-08-26T12:00:06","date_gmt":"2025-08-26T12:00:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91365"},"modified":"2025-08-26T12:00:06","modified_gmt":"2025-08-26T12:00:06","slug":"sleepless-in-crypto-900-m-liquidated-amid-bitcoins-steep-fall","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91365","title":{"rendered":"Sleepless In Crypto: $900-M Liquidated Amid Bitcoin\u2019s Steep Fall"},"content":{"rendered":"

A significant plunge in the crypto market has sent shockwaves across the industry over the last 24 hours, leaving a trail of liquidations in its wake.\u00a0Around 200,000 traders were forced out of their positions as Bitcoin<\/a> plunged to a seven-week low, wiping out more than $900 million in liquidations over a single day.<\/p>\n

According to CoinGlass<\/a>, most of those losses came from long bets that could not weather the slide.<\/p>\n

Liquidations Hit Retail Traders<\/h2>\n

Reports have disclosed that a single large sale helped set off the cascade. Selling pressure intensified as a large holder offloaded 24,000 BTC, triggering a wave of liquidations, said Rachael Lucas, a crypto analyst at BTC Markets.<\/p>\n

On Coinbase, Bitcoin briefly fell below $109,000 \u2014 its weakest level since July 9. Market participants felt the shock fast; traders who were long were the ones most exposed.<\/p>\n

Macro Signals And Market Reaction<\/h2>\n

A recent hint from Federal Reserve Chair Jerome Powell at Jackson Hole about potential interest rate cuts<\/a> changed how some investors priced risk.<\/p>\n

Since August 14, when Bitcoin reached an all-time high just over $124,000, the asset has corrected by over 10%. Based on data, the drop since Powell\u2019s speech is about 7%.<\/p>\n

The single-day move was measured at close to 3% decline for Bitcoin, and total crypto market value slipped back below $4 trillion to about $3.83 trillion as almost $200 billion flowed out of the space.<\/p>\n

Ether Is Holding Up<\/p>\n

Ether traded near $4,340 and, for now, looks steadier than Bitcoin. It did fall, but it did not breach last week\u2019s low. Institutional interest in Ether remains a talking point. According to Lucas, institutions continue to focus on Ethereum<\/a>, even as traders reassess risk across smaller coins.<\/p>\n

Altcoins Took Bigger Hits<\/p>\n

Many smaller tokens fell harder<\/a> than the majors. Solana, Dogecoin, Cardano, Chainlink, and Sui were among the worst hit.<\/p>\n

That pushed losses beyond the headline Bitcoin numbers and left traders in altcoin-heavy positions nursing larger drawdowns.<\/p>\n

Thin weekend liquidity served to enhance the price gyrations, making the action more extreme than it would have been on a more active trading day.<\/p>\n

September\u2019s Track Record And Outlook<\/p>\n

There is also a historical component to the tale. September has a history of strong pullbacks in bull markets, with strong corrections in 2017 and 2021.<\/p>\n

Featured image from Meta, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

A significant plunge in the crypto market has sent shockwaves across the industry over the last 24 hours, leaving a trail of liquidations in its wake.\u00a0Around 200,000 traders were forced out of their positions as Bitcoin plunged to a seven-week low, wiping out more than $900 million in liquidations over a single day. According to […]<\/p>\n","protected":false},"author":0,"featured_media":91366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91365"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91365"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91366"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}