Crypto Market Rocked By $1.7B In Liquidations As Bitcoin, XRP, And Dogecoin Plunge
Crypto markets were rocked by $1.7 billion in liquidations over the past 24 hours as Bitcoin, XRP, and Dogecoin all slumped. Data from CoinGlass showed that more than 401,000 traders were liquidated, with 95% coming from long positions. This is the biggest liquidation since March, with over 95% coming from long positions Why is an event like this important? -The market is overheating – Over-leveraged Longs need to get flushed to reset the market. Now, the market is setting the stage for the next major move… pic.twitter.com/7naCc4bSLj — Ash Crypto (@Ashcryptoreal) September 22, 2025 The single largest wipeout was a $12.74 million BTC long on OKX, underscoring how quickly bullish bets unraveled as prices turned lower. Bitcoin slid 2.5% to $112,754 as of 4:47 a.m. EST, while XRP and Dogecoin posted steeper losses of 5.9% and 10%, respectively, according to Coingecko . The broader crypto market shed more than 3% over the past day, pulling total market capital...