Markets
What to know:
- Bitcoin, that digital phoenix, dipped below $109,000, its wings singed by the flames of uncertainty. Ether, its sibling in volatility, tumbled 8%, nearing $3,800-a fall as graceful as a clownâs pratfall. đđ¸
- The selloff unleashed a torrent of liquidations, $1.1 billion in total, as leveraged dreams turned to dust. ETH longs, the most optimistic of fools, led the charge with $400 million in losses. CoinGlass weeps. đ¤ĄđĽ
- Crypto equities, those paper tigers, roared in pain. Michael Saylorâs Strategy (MSTR) plunged 10%, a five-month low. A leveraged bet on Bitcoinâs whims, it now clings to hope like a man to a sinking ship. đ˘đ
Ah, the markets-a ballet of chaos, where fortunes pirouette and crash. Bitcoin, once a titan, now kneels below $109,000, its crown tarnished by the passing weeks. Ether, ever the dramatic companion, plunges 8%, erasing Augustâs fleeting glory. Solana, too, joins the descent, its fall as swift as a poetâs muse abandoning him mid-verse. The CoinDesk 20 Index, a chorus of despair, dips 6%. đđ
Leverage, that double-edged sword, strikes again. $1.1 billion in positions liquidated-a massacre of optimism. Ether longs, the most fervent believers, lose $400 million, while Bitcoinâs faithful shed $265 million. A carnival of tears, a feast for the bears. đťđŞ
Crypto equities, those mirror images of hope, shatter. Michael Saylorâs Strategy, the grandest of gambles, sinks 10%, a five-month low. Its year-to-date gains? Vanished like a whisper in the wind. BTC, though still up 16%, watches its acolytes falter. Ether treasury firms Bitmine and Sharplink Gaming tumble 7%-8%, while miners MARA and RIOT join the dirge. đśâ°ď¸
And now, Bitcoin teeters on the edge of Augustâs lows, $107,000 a precipice it may soon embrace. Will it find support, or will the abyss claim another victim? Order books whisper of liquidity clusters, a potential cushion for the fall. But in this theater of the absurd, who can say? đŞď¸đ¤
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2025-09-25 21:59