Crypto Stocks Tumble as Bitcoin and Ether Losses Trigger $1.6B in Liquidations – 22/9/2025
Pre-market trading Monday saw significant declines in crypto-related equities as Bitcoin (BTC) and Ether (ETH) extended overnight losses, fueling $1.6 billion in liquidations across derivatives exchanges.
Coinbase (COIN) fell 3%, MicroStrategy (MSTR) dropped 2.3%, and Mara Holdings (MARA) along with Metaplanet (TYO: 3350) each lost over 3%. Treasury-focused crypto companies faced steeper declines, with Solana-based Forward Industries (FORD) down 5% and ETH-specialist BitMine (BMNR) off 3.9%.
The sell-off followed a challenging start to the week in Asia, where BTC slipped 2.3% and ETH dropped 6.4%, with several altcoins experiencing double-digit losses. Analysts noted that fading momentum after last week’s gains, coupled with the Federal Reserve’s 25-basis-point rate cut, intensified selling pressure.
The liquidation wave was particularly pronounced in derivatives markets, with CoinGlass reporting approximately $500 million in ETH positions unwound over the past 24 hours.
