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26/09/25 04:23 UTC-04

Bitcoin and Ethereum Drop Triggers Nearly $1 Billion in Liquidations

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Trading Bitcoin and Ethereum Drop Triggers Nearly $1 Billion in Liquidations

The decline in the prices of Bitcoin, Ethereum, and other digital assets triggered liquidations on the cryptocurrency futures market totaling nearly $1 billion.

Over the past 24 hours, longs and shorts worth a combined $969 million were closed by 225,619 traders. Bulls suffered the most, with long positions totaling $849.2 million being liquidated. Among digital assets, the top three by liquidation volume were ETH, BTC, and Solana (SOL).

Liquidated Positions on the Futures Market

The coin prices did not fall dramatically, so the closure of a large number of positions can be explained by Bitcoin and Ethereum breaching key support levels at $110,000 and $4,000, respectively. Apparently, many market participants were betting that bulls would defend these levels, but bears took control.

Among analysts, there is a consensus that the downward trend in BTC may continue. The analyst known as Stockmoney Lizards predicted that Bitcoin could drop to the 200-day exponential moving average, currently around $106,000. Michaël van de Poppe shares a similar view, forecasting a Bitcoin decline below $107,000 before a potential reversal.

Ethereum is at risk of falling to $3,600, which corresponds to the 38.2% Fibonacci retracement level from the rally from $1,400 to $4,963. On the daily chart, the RSI index has approached the oversold zone, suggesting that a correction could follow once the $3,600 level is reached.

See also: "Bitcoin Volatility Rises — Traders Bet on a Rally to $145,000 in October"

#Bitcoin (BTC) #Ethereum (ETH) #Price drop

Editor: Pereyidenko Ihor
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