updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Crypto exchange Coinbase Global Inc. has seen a major development in the ongoing investigation surrounding a $400 million security breach. As announced by CEO Brian Armstrong, the Indian Police have arrested a former agent involved in the Coinbase hack. Notably, the arrest follows the Coinbase data breach earlier this year, in which hackers bribed Coinbase’s
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]]>On Sept. 25, the broader cryptocurrency market experienced a sharp sell-off, triggering up to $400 million in liquidations. It coincides with a recent decline in the price of flagship cryptocurrency Bitcoin
BTC
$111 510
24h volatility:
1.4%
Market cap:
$2.22 T
Vol. 24h:
$54.81 B
to around $111,000.
Over the past 24 hours, the digital asset industry has seen 129,655 traders liquidated, resulting in a total liquidation value of $407.81 million. According to insights gathered from CoinGlass data, the largest single liquidation order took place on Hyperliquid and was valued at approximately $29.12 million.
The 24-hour crypto liquidation heatmap shows that most of the liquidations were from Ethereum
ETH
$3 999
24h volatility:
4.2%
Market cap:
$482.47 B
Vol. 24h:
$45.83 B
, with Bitcoin following. Precisely, ETH liquidations were capped at $159.92 million, and long traders suffered the biggest loss. Long traders’ liquidations for the second-largest cryptocurrency by market cap were $152.63 million, while short traders recorded losses of only $7.29 million.
Crypto market liquidations topped $400 million amid market shift | Source: CoinGlass
Liquidations from Bitcoin were capped at $41.36 million, with long traders’ losses at $39.88 million and short traders at $1.49 million. Other affected digital assets are Solana
SOL
$200.1
24h volatility:
5.6%
Market cap:
$108.56 B
Vol. 24h:
$9.42 B
and Pump.Fun , Avalanche
AVAX
$30.60
24h volatility:
11.0%
Market cap:
$12.88 B
Vol. 24h:
$1.55 B
, and even Ripple-associated XRP
XRP
$2.84
24h volatility:
1.4%
Market cap:
$169.00 B
Vol. 24h:
$7.65 B
.
The effect of these liquidations on long traders suggests that investors were looking forward to more price gain.
Unfortunately, the market took a different turn and triggered the liquidations. Bitcoin price has plunged significantly from its All-time High (ATH) of more than $123,000. According to CoinMarketCap data, BTC price is currently worth $111,909.50, corresponding with a 0.54% dip over the last 24 hours.
On the flip side, analysts and market observers are still optimistic about a further price rally for the firstborn coin. Brian Armstrong, the CEO of Coinbase Global Inc, recently predicted that the Bitcoin price will reach $1 million within the next 5 years. He highlighted a few structural factors, like improved regulations and institutional demand, as the catalyst that BTC price needs for a push.
Amid the market struggles, Maxi Doge (MAXI) has gained significant attention from several risk-driven investors. In a matter of a few weeks, this project’s presale has successfully raised $2,483,634.14. This is an indication that investors perceive its long-term potential and are willing to invest their funds.
With this positive momentum, it is now ranked among the best crypto presales of 2025.
Current Presale Stats:
Current price: $0.000259
Amount raised so far: $2.48 million
Ticker: MAXI
The official presale website indicates that purchases can be completed using credit or debit cards, as well as cryptocurrency. On Coinspeaker, you can read more about how to buy Maxi Doge.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
SharpLink Gaming is solidifying its position as one of the world’s largest corporate holders of Ethereum, announcing a landmark of $400 million registered direct offering secured through partnerships with five major institutional investors. This move underscores the growing confidence institutional players have in ETH’s long-term potential and its aggressive accumulation strategy.
SharpLink Gaming has announced a $400 million registered direct offering agreement with five global institutional investors, which includes some of the largest in the world. The agreement marks one of the company’s most significant funding deals to date, bolstering its capital reserves and signaling strong institutional confidence in its growth strategy.
This capital injection adds to its unused $200 million at-the-market (ATM) facility, giving the company a powerful liquidity arsenal. In addition to these funding streams, SharpLink currently holds approximately 598,800 ETH in its treasury, and the company’s ETH holdings are expected to exceed an estimated $3 billion in value with the latest move.
While SharpLink entered an agreement with investors to boost its ETH reserve, BitMine Immersion is also aggressively buying Ethereum. A recent report revealed that the company has become the largest ETH treasury in the world, holding more than 1,000,000 ETH in corporate reserves. The firm’s treasury now sits at a remarkable 1.15 million ETH, valued at approximately $4.96 billion at current market prices.
Meanwhile, the scale and speed of this accumulation are unprecedented. In just over a month, the company has expanded its holdings from 163,000 ETH to more than a million, with a bold goal to stake 5% of the entire ETH supply. “In just a week, BitMine increased its ETH holdings by $2.0 billion to $4.96 billion (from 833,137 to 1.15 million tokens), lightning speed in the company’s pursuit of the ‘alchemy of 5%’ of ETH,” Thomas “Tom” Lee of Fundstrat, Chairman of BitMine’s Board of Directors, stated.
In an X post, BitDigital_BTBT emphasized that the company does not consider Ethereum a hedge, but the foundation of their entire investment strategy. The firm regards ETH as the most productive, secure, and aligned asset in the world, uniquely positioned to drive the future of finance.
Beyond its current role, BitDigital_BTBT sees ETH as a critical infrastructure layer that will fundamentally reshape how value is moved and settled in modern financial markets. With its robust technology and growing adoption, ETH holds the transformative power to rewrite the entire financial system, shaping the next generation of global economic interactions.
Currently, Bit Digital holds over 120,00 ETH, but this is just the beginning. Specifically, their boldness is fueled by a deep conviction in ETH’s potential to transform the world of finance and beyond. The company believes that no other blockchain and technology platform comes close to matching ETH’s ability to reprogram finance.
Featured image from iStock, chart from Tradingview.com
Binance
Bitcoin experienced a powerful upward surge in the last 24 hours, decisively breaking above key psychological levels and catching many bearish traders off guard, leading to substantial liquidations of short positions.
The rally was underpinned by positive macroeconomic news and continued strong institutional interest in the leading cryptocurrency.
The price of Bitcoin (BTC) climbed over 3% within a 24-hour period, trading around $102,500 and at one point surpassing the $104,000 mark – its highest level since January 31.
This bullish momentum was not confined to Bitcoin; the broader cryptocurrency market also rallied significantly.
The total market capitalization of all cryptocurrencies, excluding Bitcoin, surged by an impressive 10% to reach $1.14 trillion, a peak not seen since March 6, according to data from TradingView.
Two key catalysts appear to have fueled this sharp upswing.
Firstly, President Donald Trump announced a comprehensive trade deal had been reached with the United Kingdom, a development that generally boosts risk appetite in global markets.
Secondly, cumulative inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) reportedly hit a new record high, surpassing $40 billion, signaling sustained and growing institutional demand for direct Bitcoin exposure.
This rapid and strong price appreciation triggered a significant “short squeeze,” where traders who had bet on Bitcoin’s price falling were forced to close their positions at a loss as the market moved against them.
According to data from Coinglass, nearly $400 million worth of bearish BTC short positions were liquidated over the past 24 hours.
This represents the highest single-day total for short liquidations since at least November.
A position is liquidated, or forcibly closed by an exchange, when adverse price movements cause a leveraged trader’s account balance to fall below the required margin level, preventing further losses.
In contrast, a relatively modest $22 million in bullish long positions were wiped out during the same period.
The substantial imbalance between short and long liquidations provides a telling insight into recent market positioning.
It indicates that leverage was heavily skewed towards the bearish side, meaning many traders were anticipating or positioned for a price decline.
The rapid unwinding of these short positions, as traders were forced to buy Bitcoin to cover their losses, likely exacerbated the upward price movement.
Market analysts often view such a significant liquidation of shorts as a potentially bullish signal for the near term.
It suggests that a considerable amount of selling pressure has been removed from the market, potentially clearing the path for further price gains as the prevailing sentiment shifts and buyers gain more control.
The combination of positive external catalysts and the internal market dynamics of a short squeeze could set the stage for continued upward momentum for Bitcoin and the broader crypto market.
Bitcoin ETFs saw over $400 million in inflows this week as bulls picked up the pace igniting price upticks. This comes after outflows the previous week as the price moved below $55,000. Bitcoin ETF remains a major determinant of market sentiment since its approval on Jan 10 by the United States Securities and Exchange Commission (SEC).
This week, spot Bitcoin ETFs recorded over $400 million in inflows ending the previous streak of outflows. This took the total number of Bitcoin bought to 6,892 BTC while producing 2,250 coins in the same period. This shows a sharp increase in demand for the crypto market leader as stakeholders set sights on bullish macro events.
NEW:
Spot #Bitcoin ETFs bought 6,892 #BTC this week, while miners only produced 2,250 BTC
pic.twitter.com/p6AtqJ2US8
— Bitcoin Magazine (@BitcoinMagazine) September 14, 2024
At the start of the week, BTC ETFs netted $28.6 million in inflows increasing the tempo the following day to $117 million with further positive results. On Sept 13, these products recorded $263.2 million inflows, the highest number since July 22. The change in fortunes for the asset leader has rippled through the industry leading to an uptick in the market cap.
Fidelity’s FBTC saw $102 million in inflows on Sept leading the pack among Bitcoin ETFs while ArkInvest also recorded positive inflows. However, BlackRock’s IBIT showed no total inflows after starting the week in the red zone. After these products turned green following two weeks of net outflows, Matt Hougan, Bitwise CIO backed these funds pointing to massive institutional adoption amid recent talks of reduced optimism.
This year, Bitcoin ETFs pushed the crypto industry to new highs as traditional investors poured in funds. As expected, the wider market saw gains leading several assets to hit new all-time highs off Bitcoin’s momentum. Bitcoin’s price soared above $73,000 in Q1 2024 but has faced significant corrections below the $60,000 mark.
Outflows from the previous week saw the price of the asset slump below $55,000 leaving a negative impact on the wider market. However, renewed institutional demand saw the price regain $60k before sliding below the resistance. At press time, Bitcoin price stands at $59,819 making a slight decline in the last 24 hours. Popular analyst Van de Poppe wrote on X that Bitcoin price could break out and continue above the $60k mark.
A major factor for the uphill movement in the asset is falling inflation in the United States and a projected cut in policy rates. This is expected to push inflows to risky assets with crypto as a huge beneficiary. Furthermore, MicroStrategy’s recent 18,300 BTC purchase worth approximately $1.1 billion points to heightened institutional demand for the asset.
David Pokima
David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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