Crypto Market Update: Bitcoin, Ethereum, and Altcoins Performance on September 22, 2025

Bitcoin (BTC) dropped to $112,214, a 2.9% decrease in 24 hours, while Ethereum (ETH) fell 7.9% to $4,141.26. Altcoins like Solana (SOL), XRP, Sui (SUI), and Cardano (ADA) also experienced significant declines. Total cryptocurrency liquidations reached $132.07 million in the past four hours, with long positions accounting for $81.71 million. The BTC perpetual futures funding rate was 0.0081%, indicating bullish sentiment.

September 12, 2025 - The cryptocurrency market experienced a significant correction on Monday, with Bitcoin (BTC) and Ethereum (ETH) leading the way. Bitcoin dropped to $112,214, a 2.9% decrease in 24 hours, while Ethereum fell 7.9% to $4,141.26. Altcoins like Solana (SOL), XRP, Sui (SUI), and Cardano (ADA) also experienced notable declines. Total cryptocurrency liquidations reached $132.07 million in the past four hours, with long positions accounting for $81.71 million. The BTC perpetual futures funding rate was 0.0081%, indicating bullish sentiment.

Bitcoin's price correction was driven by its failure to hold above the $116,000 support level from the previous week. This triggered a wave of liquidations, with over 397,000 traders being liquidated for a total of $1.70 billion in the last 24 hours, according to Coinglass data Bitcoin Price Forecast: BTC slips below $113,000 as liquidations mount^[1]. The liquidations were predominantly long positions, highlighting the market's overly bullish positioning. Despite the price drop, Japanese investment firm Metaplanet added 5,419 BTC to its reserves, bringing its total holdings to 25,555 BTC Bitcoin Price Forecast: BTC slips below $113,000 as liquidations mount^[1].

Ethereum, the second-largest cryptocurrency, saw a sharp decline on Monday, with over $490 million in long liquidations, one of the largest in 2025. The liquidation event was a result of a 7% decline in ETH's price, driven by a sharp rise in leverage over the weekend. Despite the liquidations, dip-buying activity outweighed distribution, suggesting that investors view the decline as an accumulation opportunity Ethereum Price Forecast: ETH retests $4,100 as investors buy the dip after $490 million leverage flush^[2]. ETH continues to test the support level near $4,100, with bears retaining control of the short-term trend Ethereum Price Forecast: ETH retests $4,100 as investors buy the dip after $490 million leverage flush^[2].

The market's correction was also reflected in the Fear and Greed Index, which slipped to 45 on Monday, indicating growing caution and a tilt toward fear among market participants. However, institutional and corporate demand for BTC remains strong, with Bitcoin spot Exchange Traded Funds (ETFs) recording a total of $886.65 million in inflows last week Bitcoin Price Forecast: BTC slips below $113,000 as liquidations mount^[1].

The BTC price forecast indicates that if BTC closes below the 50-day EMA at $113,926 on a daily basis, it could extend the decline toward its next daily support at $107,245. The Relative Strength Index (RSI) on the daily chart reads 43, below its neutral level of 50, indicating bearish momentum. However, if BTC finds support around the 50-day EMA, it could extend the recovery toward its daily resistance at $116,000 Bitcoin Price Forecast: BTC slips below $113,000 as liquidations mount^[1].

In conclusion, the cryptocurrency market experienced a significant correction on Monday, with Bitcoin and Ethereum leading the way. The liquidations and price declines were driven by a failure to hold support levels and a sharp rise in leverage. Despite the correction, institutional and corporate demand for BTC remains strong. The market's future direction will depend on how BTC and ETH respond to their respective support levels.