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Cryptocurrencies Sink as $1.5 Billion in Bullish Bets Wiped Out
Yahoo Finance·2025-09-22 18:20

Computer network cables. Cryptocurrency traders saw more than 1.5billioninbullishwagersliquidatedonMonday,triggeringasharpselloffthatsentEtherandothertokensplunging.Etherfellasmuchas91.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that sent Ether and other tokens plunging. Ether fell as much as 9% to 4,075 as nearly half a billion dollars of leveraged long positions in the second-largest token were liquidated according to data from Coinglass. Bitcoin declined 3% to $111,998 at one point. Coins like Solana, Algorand and Avalanche also dropped. Most Read from Bloomberg It was the biggest w ...