Crypto Market Liquidations Exceed $900M as Bitcoin, Ethereum, Dogecoin Fall

Cryptocurrency markets experienced a significant downturn marked by over $900 million in liquidations as Bitcoin fell below $110,000 and Ethereum dropped toward $4,300. This sharp correction followed a large sale of 24,000 BTC valued at $2.7 billion by a whale and growing concerns over delayed interest rate cuts amid macroeconomic uncertainties. Ethereum traders were particularly affected, with forced unwinds exceeding $320 million, while Bitcoin accounted for roughly $210 million in liquidations. The sell-off also dragged down altcoins such as Solana, Dogecoin, and XRP, some of which dropped by more than 8%, intensifying market volatility and reducing total crypto market capitalization below $4 trillion. Analysts note that the market's sensitivity to outsized flows and declining liquidity, combined with historically weaker September trends and Federal Reserve signals, likely contributed to the sell-off. Despite the liquidation wave, some traders remain cautiously optimistic about a potential market rebound after this correction phase.