- Massive liquidity sweeps follow $1.7B liquidation event.
- BTC targets $118K, ETH at $4,700.
- Liquidation cascades affect market cap significantly.
Bitcoin and Ethereum experienced significant liquidity sweeps on September 22, 2025, during a market-wide event that saw over $1.7 billion in leveraged positions liquidated across major exchanges.
This incident highlights vulnerabilities in the crypto market structure, causing price fluctuations and paving the way for future volatility at key resistance levels for BTC and ETH.
Bitcoin and Ethereum experienced significant liquidity sweeps below recent price levels on September 22, 2025. This event was part of a broader market flush, reportedly triggered by over $1.7 billion in leveraged position liquidations. The liquidity movement involved all major exchanges and liquidity pools, without any single actor orchestrating the event. Key data from CoinGlass indicated $1.62 billion in long liquidations within 24 hours. CoinGlass, an analytics platform, emphasized, “24h long liquidation: $1.62B. Total liquidation in the past 24 hours: $1.70B.”
Bitcoin prices dropped to around $113,000, a 3% decline, while Ethereum fell nearly 9% to approximate levels of $4,075 to $4,100. Market capitalization reduced by $151 to 156 billion dollars within a day. The liquidation event induced a risk-off sentiment, affecting several major altcoins and assets reliant on Ethereum. The Crypto Fear & Greed Index declined sharply from 53, indicating fear among investors.
On-chain analytics highlight a consolidation of liquidity at higher levels. Traders are eyeing targets of approximately $118,000 for Bitcoin and $4,700 for Ethereum. Price action remains volatile in anticipation of potential subsequent movements. Historically, such liquidity flushes were followed by either a consolidation or a bottoming pattern. This could lead to a recovery in key assets like Bitcoin and Ethereum. Analysts, including the former CEO of BitMEX, Arthur Hayes, have cautioned about potential future volatility, noting: “BTC and ETH are testing new lower ranges, but historical precedents suggest we may see a rebound following this flush.”
