On September 22, Bitcoin debuted the week with a price drop to $112,000 levels, amidst high liquidations. Over $1.5 billion in crypto was liquidated today.
The general crypto market is down by almost 4% in the past 24 hours, with a total market cap of $3.89 trillion.
Bitcoin Price Trajectory on September 22
At the moment of writing this article, BTC is trading above $112,000, down by over 2.5% in the past 24 hours. BTC price dropped from $115,000 levels amidst significant crypto liquidations.
On September 22, over $1.5 billion in crypto were liquidated, riggering market volatility.
Crypto Liquidation Data on September 22
CoinGlass data shows that over $1.5 billion in long positions were liquidated, and over $49 million in shorts as well. This is one of the biggest liquidation days in 2025.
The biggest crypto longs were liquidated on Bybit, over $846 million, followed by Binance with more than $283 million in longs.
In the past 24 hours, Bitcoin saw over $277 million in liquidations in longs and more than $6.9 million in shorts. Also, in the past 24 hours, over $1.7 billion in total crypto liquidations were recorded.
Over $1.6 million longs were liquidated in the past 24 hours, and more than $83 million in shorts. Almost 402,000 crypto traders were liquidated, according to the same data.
However, despite today's market volatility, there are still plenty of reasons to remain optimistic about the future.
Why Maintain Optimism
There are plenty of reasons to stay optimistic about Bitcoin's future. Institutional interest continues, as shown by the latest inflows in the BTC ETFs on September 19 at over $222.6 million, according to data from SoSoValue.
Global adoption and accumulation continue as well, with Michael Saylor offering a hint at Strategy buying more Bitcoin via an X post on September 21.
Other Bitcoin-centric companies continue accumulating Bitcoin, with Metaplanet announcing today that it bought 5,419 BTC for over $632 million.
Also, more rate cuts are expected to take place this year, according to the latest FOMC meeting.
It's also worth noting that Dennis Porter, the CEO of Satoshi Act Fund, revealed via X that this week, we can expect an important event that will help set the foundation needed to ensure that the USA is the leader in Bitcoin for generations to come.
