Overview

• Roughly $1.5–$1.7 billion in leveraged positions were wiped out within a day, with about 90% of the closures hitting longs.
• Bitcoin hovered in the low $112,000s after the drop, while Ethereum traded near $4,200 following a brief slide below $4,100.
• Ethereum led the liquidations at roughly $496 million, outpacing Bitcoin’s approximately $285 million, according to CoinGlass.
• Major altcoins extended losses, with Dogecoin and Chainlink among the steepest intraday decliners reported.
• Spot Bitcoin ETFs recorded around $360 million in Sept. 22 net outflows as “Fear” readings rose and derivatives metrics softened, including a 1% dip in BTC open interest and a 7% pullback in ETH derivatives funds.