The past day wasn\u2019t kind to the cryptocurrency markets, as bitcoin slumped below a crucial support level and dipped to a three-week low of under $109,000 yesterday.<\/p>\n
Most altcoins crashed even harder, which is why the leveraged liquidations have skyrocketed to nearly $1 billion, according to CoinGlass.<\/p>\n
<\/a>BTCUSD. Source: TradingView<\/p>\n It was less than a week ago when the primary cryptocurrency stood tall at $118,000 after the US Federal Reserve cut the interest rates for the first time this year. However, the asset failed to maintain its run and started to lose value rapidly.<\/p>\n Harrowing trading days were Monday (September 22) and Thursday (September 25). At first, BTC dumped from $115,500 to $112,000. It managed to recover some ground mid-week, but the bears initiated another leg down yesterday, which drove bitcoin further south to its lowest position since the start of the month at $108,600 (on Bitstamp).<\/p>\n Although it has recovered around a grand since then, BTC is still below $110,000, which is a crucial support level, according<\/a> to Ali Martinez. The next one actually managed to hold the freefalls, which is set at $108,530.<\/p>\n As usual, many industry observers and commentators began speculating on the state of the correction. Some, such as Peter Schiff, called<\/a> it the start of a bear market.<\/p>\n Crypto analysts remain more optimistic. Captain Fabrik, for instance, referred to the current retracement as a \u2018healthy\u2019 one and predicted<\/a> a surge to $140,000 as long as BTC can reclaim the $113,000 resistance.<\/p>\n Nevertheless, almost all altcoins followed bitcoin on the way south, posting massive losses. Ethereum is among the poorest performers as it lost the $4,000 support and slumped beneath $3,900 yesterday. XRP is deep in the red as well, dumping by 10% weekly and struggling to remain close to $2.80.<\/p>\n This enhanced volatility has harmed over-leveraged traders, as the total value of wrecked positions has shot up to almost $1 billion on a daily scale. More than 225,000 such market participants have been liquidated daily.<\/p>\n <\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n The post $1 Billion Liquidation Storm Hits as BTC, ETH, XRP Collapse<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The past day wasn\u2019t kind to the cryptocurrency markets, as bitcoin slumped below a crucial support level and dipped to a three-week low of under $109,000 yesterday. Most altcoins crashed even harder, which is why the leveraged liquidations have skyrocketed to nearly $1 billion, according to CoinGlass. BTCUSD. Source: TradingView It was less than a […]<\/p>\n","protected":false},"author":0,"featured_media":99877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99876","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\/99876"}],"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=99876"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99877"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nIt was less than a week ago when the primary cryptocurrency stood tall at $118,000 after the US Federal Reserve cut the interest rates for the first time this year. However, the asset failed to maintain its run and started to lose value rapidly.<\/p>\nHarrowing trading days were Monday (September 22) and Thursday (September 25). At first, BTC dumped from $115,500 to $112,000. It managed to recover some ground mid-week, but the bears initiated another leg down yesterday, which drove bitcoin further south to its lowest position since the start of the month at $108,600 (on Bitstamp).<\/p>\nAlthough it has recovered around a grand since then, BTC is still below $110,000, which is a crucial support level, according<\/a> to Ali Martinez. The next one actually managed to hold the freefalls, which is set at $108,530.<\/p>\nAs usual, many industry observers and commentators began speculating on the state of the correction. Some, such as Peter Schiff, called<\/a> it the start of a bear market.<\/p>\nCrypto analysts remain more optimistic. Captain Fabrik, for instance, referred to the current retracement as a \u2018healthy\u2019 one and predicted<\/a> a surge to $140,000 as long as BTC can reclaim the $113,000 resistance.<\/p>\nNevertheless, almost all altcoins followed bitcoin on the way south, posting massive losses. Ethereum is among the poorest performers as it lost the $4,000 support and slumped beneath $3,900 yesterday. XRP is deep in the red as well, dumping by 10% weekly and struggling to remain close to $2.80.<\/p>\nThis enhanced volatility has harmed over-leveraged traders, as the total value of wrecked positions has shot up to almost $1 billion on a daily scale. More than 225,000 such market participants have been liquidated daily.<\/p>\n<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post $1 Billion Liquidation Storm Hits as BTC, ETH, XRP Collapse<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The past day wasn\u2019t kind to the cryptocurrency markets, as bitcoin slumped below a crucial support level and dipped to a three-week low of under $109,000 yesterday. Most altcoins crashed even harder, which is why the leveraged liquidations have skyrocketed to nearly $1 billion, according to CoinGlass. BTCUSD. Source: TradingView It was less than a […]<\/p>\n","protected":false},"author":0,"featured_media":99877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99876","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\/99876"}],"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=99876"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99877"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/BTCUSD-22.png\"){kind=link}
![<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post $1 Billion Liquidation Storm Hits as BTC, ETH, XRP Collapse<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The past day wasn\u2019t kind to the cryptocurrency markets, as bitcoin slumped below a crucial support level and dipped to a three-week low of under $109,000 yesterday. Most altcoins crashed even harder, which is why the leveraged liquidations have skyrocketed to nearly $1 billion, according to CoinGlass. BTCUSD. Source: TradingView It was less than a […]<\/p>\n","protected":false},"author":0,"featured_media":99877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99876","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\/99876"}],"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=99876"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99877"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-082247.png\"){kind=link}