Bitcoin, Ethereum and Dogecoin Dive as Crypto Liquidations Top $1 Billion

Major digital coins including Bitcoin, Ethereumand Dogecoin It fell sharply on Thursday, closing liquidation at $1 billion over a 24-hour period.

Bitcoin, a major cryptocurrency, has recently fallen 3.6% in the last 24 hours, trading for under $109,554, Crypto data provider Coingecko shows. BTC has fallen by nearly 7% that week.

Meanwhile, Ethereum, the second-largest digital coin, fell 7% to trade at $3,887 in New York time on Thursday afternoon.

Other major cryptocurrencies have been more violently abused, with Dogecoin plunging 7.6%. The original memecoin and the eighth largest digital assets were traded nearly $0.23.

Solana Also, $197 sank from 7.7%. 52. Both Sol and Doge fell by around 21% last week alone, becoming the biggest loser of the top 100 coins by market capitalization.

The decline in crypto prices has flooded the stock market with the S&P 500, Tech Heavy Nasdaq and Dow Jones Industrial Average all with reduced value.

Coinglass data shows that traders betting on future prices of cryptocurrencies have been liquidated to exceed $1.1 billion. The majority of those numbers were over $1 billion, and they were in long positions.

GlassNode analysts said in a report Thursday that the biggest digital coins “show signs of fatigue” as long-term holders earned profits and ETF flow slowed down.

“Unless demand from institutions and holders again matches, the risk of deeper cooling remains high, highlighting macrostructures that are increasingly similar to fatigue,” GlassNode said, and the current UP cycle has already been in 1,030 days, not a small fraction of the roughly 1,060 day span of the last two Bull markets.

It is a forecast market owned by people who bet on Myriad. Decryption‘s Dastan, the parent company, also feels bearish. 70% of Better expects to fall to $105,000 before BTC reaches $125,000.

Bitcoin’s all-time high is currently at $124,128. It broke that record in August.

Juan Leon of Bitiwise, senior investment strategist at Crypto Asset Manager, is Decryption In an interview, Crypto was “at the mercy of today’s macros.” Leon looked at the ghosts of a US government shutdown that could lead to massive layoffs, rising geopolitical tensions, and a toxic mix of sagging job markets and an upwardly revised toxicity mix of GDP numbers that could reduce the likelihood of interest rate reductions.

“Bitcoin and other crypto assets have already hovered in uncertain territory over the past few weeks, so investors are already trying to figure out what direction the market will take in the fourth quarter,” Leon said. “So I think investors are just enduring safety and as a result, crypto assets are being sold.”

However, Leon did not believe that crypto prices had risen, adding that he highlighted the enactment of the Genius Act, passing additional crypto-friendly laws and growing institutional interest in digital assets.

“This cycle is fundamentally different from past cycles and requires adaptation to new reality,” Leon said. “This is the first cycle that has clarity of regulations that we have launched. This is the first cycle that is driven by institutional adoption instead of retail adoption. As we know, institutional adoption is slower and more spaced than the euphoria we’ve seen in the past while driving retail species.”

Analysts are currently awaiting Friday’s Personal Consumption Expense Price Index (PCE). This is the preferred measure of the Federal Reserve that can determine the next move for the US Central Bank.

An increase in PCE could lead to second consecutive interest rate cuts in 2025. This could benefit Bitcoin and other risky assets that traditionally respond well to surges in market liquidity.

Updated (September 25, 2025, 2:49pm): Update headlines, liquidation totals, prices and add Leon and GlassNode quotes.