Crypto Stocks Plunge as Bitcoin and Ether Losses Spark $1.6B in Liquidations – 22/9/2025
Pre-market trading Monday saw sharp declines in crypto-related equities as Bitcoin (BTC) and Ether (ETH) extended overnight losses, triggering $1.6 billion in liquidations across derivatives exchanges.
Coinbase (COIN) fell 3%, while MicroStrategy (MSTR) dropped 2.3%. Mara Holdings (MARA) and Metaplanet (TYO: 3350) each shed more than 3%. Treasury-focused crypto firms were hit harder, with Solana-based Forward Industries (FORD) down 5% and ETH-focused BitMine (BMNR) losing 3.9%.
The sell-off followed a difficult start to the week in Asia, with BTC down 2.3% and ETH off 6.4%. Several altcoins recorded double-digit declines, reversing gains from last week’s rally.
Market observers attributed the pullback to stalled token momentum and the Federal Reserve’s recent 25-basis-point interest rate cut. The sell-off sparked widespread liquidations, including roughly $500 million in ETH positions over the past 24 hours, according to CoinGlass.
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