The cryptocurrency market experienced a sharp decline on September 22. Bitcoin (BTC) fell from above $115,000 to a low of $111,800, while Ethereum (ETH) dropped from around $4,500 to $4,077. Staggering Liquidation Scale The derivatives market saw $1.7 billion in liquidations over 24 hours across the board, marking the highest figure for the year. Long positions accounted for the vast majority, at $1.617 billion. Analyzing the Drop The sell-off occurred as a "buy the rumor, sell the news" even...

The cryptocurrency market experienced a sharp decline on September 22. Bitcoin (BTC) fell from above $115,000 to a low of $111,800, while Ethereum (ETH) dropped from around $4,500 to $4,077. Staggering Liquidation Scale The derivatives market saw $1.7 billion in liquidations over 24 hours across the board, marking the highest figure for the year. Long positions accounted for the vast majority, at $1.617 billion. Analyzing the Drop The sell-off occurred as a "buy the rumor, sell the news" even...