Crypto Liquidations Top $1.19B as ETH, BTC Lose Key Support

Published: 2025-09-26 15:25:10 |

In the past 24 hours, crypto liquidations topped $1.19 billion as ETH and BTC prices broke key support levels. Data from CoinGlass shows around 90% of the wiped-out value stemmed from long leveraged positions, with Ethereum longs accounting for $400 million–$448 million when ETH plunged 8% to $3,829, and Bitcoin longs losing $266 million–$278 million after BTC dipped 4% to $109,129. The largest single trade was a $29.1 million ETH long liquidation on Hyperliquid. Bybit led exchanges with $311 million in liquidations, followed by Hyperliquid’s $281 million and Binance’s $243 million. Trader @CryptoGucci noted this was the biggest ETH long liquidation since September 2021, which preceded a 46% rally. Glassnode flagged exhaustion in Bitcoin’s post-FOMC rally and slowing ETF inflows, while economist Alex Kruger warned leveraged traders are in a “desperate zone.” The surge in liquidations underscores heightened DeFi risk-taking, market fragility around BTC’s $110,000–$111,000 range, and the potential for further volatility.

Bearish

This wave of over $1.19 billion in long liquidations represents intense forced selling that typically magnifies short-term price declines in ETH and BTC. Breaching key supports at $3,829 for Ethereum and $110,000–$111,000 for Bitcoin signals waning investor confidence. While clearing overcrowded longs can set the stage for a rebound, current indicators—FOMC-driven rally exhaustion, slowing ETF inflows, and warnings of a “desperate zone”—point to sustained bearish momentum in the near term. Long-term recovery will depend on renewed liquidity and institutional inflows.