Monday, September 22, 2025, it turned out to be brutal for cryptocurrency investors. Bitcoin dropped to USD 111,980 before the current reflection to $ 112,925, while Ethereum tested USD 4,100, now trading about $ 100 higher. Is this the end of dramatic declines?
Tsunami liquidation hits the market
The most shocking element of today’s session was the scale of the liquidated positioning – over USD 1.6 billion was cleaned from the market within 24 hours, with Ethereum and Bitcoin in losses. This is one of the biggest days in terms of liquidation in recent months.
Altcoins have recorded double -digit losses – Doge, Ada and Link recorded significant declines, while the capitalization of the global cryptocurrency market has fallen below USD 4 trillions. Even BNB, after reaching a record peak, began to withdraw. There is basically only story Protocol, in the face of information about the planned IPO.
What caused an avalanche of drops on the cryptocurrency market?
Although there is no one simple answer, the question of what caused today’s declines on the cryptocurrency market, analysts indicate Jerome Powell’s statements, who during a press conference after the FOMC meeting signaled that the FED will carefully approach the next cuts of interest rates. Paradoxically, a reduction of 25 base points, which initially fueled increases, became a source of further uncertainty.
An additional factor destabilizing the crypto market was Trump’s proposal regarding the fee of $ 100,000 for the H-1B visa, which threatens the Indian outsourcing sector worth USD 280 billion, increasing macroeconomic uncertainty, so so unstable times.
Is this the end of the bull market? The foundations remain strong
Experts agree – this is a correction, not the end of the upward trend. Rachael Lucas from BTC Markets claims that:
Markets are cautious, investors do not panic long -term, but short -term investors are restless
On-chain shows that investors do not sell massively, so the current moods are rather “nervous optimism” rather than explicit fear. The key level for the continuation of the upward trend remains a puncture above USD 124,000 for Bitcoin.
The whales are still accumulating
Despite the declines, the institutions continue to accumulate – Bitmine Immersion added 264 378 ETH to its resources (currently it has 2.4 million ETH, or 2% of all supply), and Metaplanet increased its resources by 5419 BTC to a total amount of 25,555 BTC.
Strategy is also not idle, making the last purchases at an average price of $ 117,344, i.e. higher than the current Bitcoin course.
This pattern shows that great players treat current declines as an opportunity to shop, not an evacuation signal.
Catalysts of growth are still present on the cryptocurrency market. This is not the end of the bull market yet
The foundations of the cryptocurrency market remain strong. Potential catalysts of further increases will be the approval of the BTC ETFs in new regions and an increase in institutional demand.
The crucial for further development of the situation will also be continued by the Cutting of interest rates by the FED, which historically drive increases, although as you can see – not immediately.
September was historically a difficult month for cryptocurrencies, but structural changes on the market-from ETFs to institutional accumulation-this time can change this pattern. While gold sets new records of USD 3725, cryptocurrencies pass through another natural correction.
Today’s declines are painful, but probably a healthy correction still on the ongoing bull market. Strong foundations, continuous accumulation by whales and favorable macroeconomic conditions suggest that the worst can be behind us. Investors, however, should prepare for further variability in the coming weeks.
