Crypto Chaos: $1.5B Liquidation Rocks the Market — Will You Miss the Next Rally?
23-Sep-2025
Crypto Chaos: $1.5B Liquidation Rocks the Market — Will You Miss the Next Rally?
Imagine you’re checking your crypto wallet, and noticing Bitcoin and Ethereum prices dipping after a massive $1.5 billion liquidation wave. Why should you care? Because these market shakes are your chance to buy low before the next rally, potentially turning your small investment into a game-changer. Whether you’re a seasoned trader or just dipping your toes into crypto, today’s market moves could define your financial future.
Key Market Developments:
The crypto market experienced a significant liquidation wave with $1.5 billion worth of long positions liquidated, the largest since March, affecting over 407 000 traders on derivatives platforms. This led to a broad sell-off impacting major tokens like Bitcoin and Ethereum.
The market is showing signs of pressure and debate over whether the recent price weakness is a temporary healthy pullback or a precursor to a deeper correction. Institutional interest remains robust, and some coins have started showing signs of breakout and renewed momentum.
Bitcoin Price Movements and Position
Bitcoin traded in a range approximately between $111 550 and $113 770 over the past 24 hours, with a slight decline initially but then recovering to trade around $112 700 to $113 000. The price slipped about -2–3% during the sell-off but regained some footing.
Current market sentiment remains cautiously bullish with expectations of potential rallies beyond the $80 000 mark in the near term, with some analysts forecasting highs up to $150 000-$180 000 for the remainder of 2025 due to institutional ETF inflows and growing adoption.
The key on-chain Bitcoin metrics for the last 24 hours:
Transaction count: About 482 700 transactions were confirmed on the Bitcoin network, averaging around 20 100 per hour, signaling active network usage.
Bitcoin sent volume: Approximately 122 167 BTC were transferred across the network in the past 24 hours, reflecting high liquidity and movement.
Trading volume: Around 418 554 BTC worth about $47.26 billion traded in the last 24 hours.
Network hash rate: The Bitcoin network’s hash rate averaged about 1.105 ZH/s (zettahashes per second), indicating strong mining activity and security.
Blocks mined: 156 blocks were mined in the last 24 hours with an average block time of about 9 minutes 10 seconds.
Median transaction fees: The median fee rate remained low at around 1 satoshi/vByte, showing efficient transaction processing and low network congestion.
Mempool pending transactions: Approximately 327 transactions were pending in the mempool indicating smooth network conditions with low backlog.
Unique addresses active: The network had a high count of unique addresses interacting, supporting vibrant participation from users.
Overall, Bitcoin’s on-chain metrics reflect a highly active and secure network with healthy transaction volumes, moderate fees for quick processing, and robust mining operations throughout the last 24 hours.
Trading insights
A strong support level has formed at $111 710 in the position. Additionally, a Buy long signal has emerged on the 1-hour timeframe at around $113 630.
Ethereum Price Movements and Position
Ethereum faced more volatility with a price drop of up to -9% during the liquidation wave, trading as low as $4 000 before recovering slightly to around $4 200. The current midmorning price drop was about -6%.
The price fluctuations are linked to the overall market sell-off and heavy liquidations, but Ethereum has strong underlying interest driven by new stablecoin legislation and institutional accumulation. Ethereum continues to maintain strong network use and is seen as a key macro investment opportunity.
Key on-chain Ethereum metrics for the last 24 hours are as follows:
Total transactions: Approximately 1.418 million, which is a 10.77% decrease compared to the previous day but represents a 30.98% increase compared to one year ago.
Active addresses: Around 442 183 active addresses engaged on the network in the past 24 hours.
New addresses created: 64 793 new Ethereum addresses were created.
Network fees: Around $683 974 in total chain fees were paid over the last 24 hours.
Decentralized Exchange (DEX) volume: $2.338 billion in trading volume occurred on DEX platforms.
NFT volume: Approximately $7.99 million in NFT transaction volume.
Staking: Approximately 29.67% of eligible Ethereum tokens are currently being staked, equating to 35.8 million ETH staked.
Other notable metrics: Chain revenue was about $162 804 in the last 24 hours, with a treasury holding around $895.89 million.
These metrics indicate solid network usage and activity despite recent price volatility, showing robust transaction count, active users, and substantial volume on decentralized platforms.
Trading insights
In the position, we are also observing a strong bottom formation and the development of a buy long signal. Buy long signal at $4 225.7.
Reasons for Market Movements:
The immediate cause of the recent sell-off was a large-scale liquidation of long positions worth $1.5 billion.
Overcrowded long positions, triggering forced liquidations and price drops.
Uncertainty and cautious trader sentiment amid potential regulatory changes and macroeconomic shifts.
Bitcoin is predicted to hover between $115 700 and $126 400 in the near term, with some forecasts anticipating moves toward $150 000 or more by the end of 2025.
Ethereum’s price forecast is highly bullish, with expert Tom Lee predicting a surge to $5 500 soon and even up to $12 000 by year-end 2025, driven by legislative support and institutional demand.
Market analysts view dips in price as buying opportunities, with both BTC and ETH expected to surpass previous highs as infrastructure upgrades and regulatory clarity emerge.
Promising Crypto Projects with High Growth Potential
Bitcoin (BTC) remains the anchor project with long-term growth supported by increasing adoption as a treasury asset and institutional ETFs.
Ethereum (ETH) is a leading growth project with strong network effect, new legislative advantages. And upgrades like the Fusaka upgrade potentially driving prices above $5,000 in the near term.
For an altcoin project, BullZilla presents an innovative presale structure paired with community-driven high yield staking and rewards. Differentiating itself with user incentives and a growing ecosystem.
Shiba Inu continues to maintain high community interest and price momentum, especially amid renewed meme coin cycles.
Conclusion
As the crypto market dances through liquidations and recoveries. It’s like watching a high-stakes poker game-nerve-wracking but full of opportunity. Stay sharp, keep an eye on those support levels, and maybe, just maybe, you’ll catch Bitcoin or Ethereum at a bargain before they moon. After all, in crypto, the only thing more volatile than the prices is your uncle’s BBQ opinions!
Crypto Chaos: $1.5B Liquidation Rocks the Market — Will You Miss the Next Rally? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
