Crypto Stocks Slide as Bitcoin, Ether Losses Trigger $1.6B in Liquidations – 22/9/2025
Crypto equities tumbled in Monday pre-market trading as Bitcoin (BTC) and Ether (ETH) extended overnight declines, sparking $1.6 billion in liquidations across derivatives exchanges.
Coinbase (COIN) fell 3%, MicroStrategy (MSTR) dropped 2.3%, while Mara Holdings (MARA) and Metaplanet (TYO: 3350) each lost more than 3%. Treasury-focused firms saw sharper declines, with Solana’s Forward Industries (FORD) down 5% and ETH-focused BitMine (BMNR) off 3.9%.
The sell-off followed a weak start to the week in Asia, with BTC down 2.3% and ETH 6.4%, and several altcoins facing double-digit losses. Analysts cited fading token momentum and the Federal Reserve’s recent 25-basis-point rate cut as key triggers.
The market impact was felt across derivatives, with CoinGlass reporting approximately $500 million in ETH positions liquidated over the past 24 hours.
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