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Cryptocurrencies Sink as $1.5 Billion in Bullish Bets Wiped
By Sidhartha Shukla and Suvashree Ghosh
September 22, 2025 at 3:01 PM GMT+8
Updated on September 22, 2025 at 6:20 PM GMT+8
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.
By Sidhartha Shukla and Suvashree Ghosh
September 22, 2025 at 3:01 PM GMT+8
Updated on September 22, 2025 at 6:20 PM GMT+8
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.
