Overview

• Bitcoin fell through the $115,000 pivot and touched lows near $111,760, stabilizing between roughly $112,000 and $115,000 into Sept. 22.
• Roughly $1.7 billion in leveraged positions were wiped out in 24 hours, with Ethereum accounting for about $498 million and Bitcoin about $284 million in liquidations, according to CoinGlass data reported by CryptoSlate.
• The total crypto market value dropped about $77 billion to roughly $3.91 trillion, as major altcoins posted deeper declines and sentiment hovered near neutral on the Fear & Greed Index.
• Analysts highlighted tight technical pivots including the weekly open near $115,219, VWAP support around $114,500, and a fair‑value gap toward $113,355, with $112,000 and $118,000 seen as near‑term break points.
• On‑chain readings diverged as a 14‑day transaction count hit 2025 highs while SOPR and weaker risk‑adjusted returns signaled fatigue, and spot ETF inflows continued to absorb supply without averting the short‑term selloff.