The crypto market faced shocks this week after Irish emerged liquidations for over $500 million within 24 hours, part of a huge $1.6 billion wipeout across all digital assets. Ethereum plunged from somewhere close to $4,500 to $4,075 upon which it found some footing at $4,200 as at September 22, 2025, viciously hitting leveraged traders with despair.
the entire cascade was triggered by a liquidation of long orders when the whales drained liquidity and sent volatility through the roof. While the big correction came from the top, it sent panic waves to Bitcoin and the other altcoins.
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