Oh, dear reader, gather round, for I must regale you with a tale of tragic folly in the land of Bitcoin. What began as a calm and rather unremarkable hour suddenly turned into a dramatic plunge so sharp, it could make even the most seasoned trader gasp for breath. Yes, Bitcoin, that ever-proud knight of the crypto kingdom, found itself in a pitiful tumble to a low it hadn’t seen since the fateful day of September 10th!
What was that number you ask? Oh, it was a mere $112,000-a price so grim, one might think the ghost of market crashes past had come to haunt it. And as if this misfortune were not enough, dear friends, the liquidations began to flow like a torrential rain, doubling, nay, tripling, to a staggering $1.7 billion in mere minutes! A fortune lost, just like that!
BREAKING: A grand $1 billion worth of Bitcoin longs were mercilessly liquidated in the blink of an eye, as the price plummeted with such ferocity, it could only be described as a flash crash-a true masterclass in volatility.
It was all too familiar, for on Sunday nights, as the moon rises and the liquidity falls, such calamities are almost a tradition. But oh, how the US market loves to swoop in with its charm, buying the dip as though the markets were but a mere game of poker!
– The Kobeissi Letter (@KobeissiLetter) September 22, 2025
It was not just Bitcoin that suffered, no! The altcoins, those poor creatures, were swept up in the same storm. Ethereum and XRP took the brunt, suffering between 4% and 8% losses, while CRO and HYPE saw their value tumble by a ghastly 7%-8%. Such a pitiful sight! Only moments before, Bitcoin was clinging to its dignity, still above $114,500, but alas, the mighty fall, and fall it did-plunging to $112,000 faster than one could say “blockchain.” A loss of over $5,500! A true tragedy for any lover of cryptocurrency!
As the dust settled, the liquidation figures soared-what were once $630 million in liquidations became $1.7 billion in the blink of an eye. And what a sight it was, my friends, as Ethereum, the once proud rival, led the charge with over $470 million of that unfortunate sum. Over 400,000 traders-yes, you heard that right-had their positions wrecked in a single day. And the largest liquidation? A colossal $13 million!
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2025-09-22 09:37