{"id":48799,"date":"2025-09-22T12:46:53","date_gmt":"2025-09-22T12:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48799"},"modified":"2025-09-22T12:46:53","modified_gmt":"2025-09-22T12:46:53","slug":"crypto-markets-today-major-tokens-slide-altcoins-tumble-more-than-10","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48799","title":{"rendered":"Crypto Markets Today: Major Tokens Slide, Altcoins Tumble More Than 10%"},"content":{"rendered":"<div>\n<p>The cryptocurrency market wilted early Monday, with losses in bitcoin (BTC), ether (ETH) and other major cryptocurrencies triggering the liquidation of leveraged bets worth $1.5 billion.<\/p>\n<p>The decline followed a supposedly dovish Fed interest-rate cut, which was expected to send the dollar index lower and encourage more risk-taking in crypto markets.<\/p>\n<p>&#8220;In recent days, there have been several signals of a shift to a downward trend in the first cryptocurrency,&#8221; Alex Kuptsikevich, chief market analyst at the\u00a0FxPro, said in an email. &#8220;BTCUSD fell out of the upward channel that had been in place since early September, dropped below horizontal support and fell sharply below the 50-day moving average. <\/p>\n<p>&#8220;This combination of negative signals suggests a further decline is likely unless there is a fundamental change in financial market sentiment.&#8221;<\/p>\n<p><strong>Derivatives Positioning<\/strong><\/p>\n<p>By Omkar Godbole<\/p>\n<ul>\n<li>The top 20 tokens, except for BTC and HYPE, have seen double-digit declines in futures open interest as the price drops shake out overleveraged bets.<\/li>\n<li>Shorts seem to be stepping in via Binance-listed USDT futures, as OI has increased to 276K BTC  from 270K alongside near-zero funding rates in the past couple of hours.<\/li>\n<li>Funding rates in TRX, ADA, LINK, TON, UNI and Binance-listed 1000SHIB futures are notably negative, indicating a bias for bearish, short positions. Funding rates for other majors, including BTC, are flat to slightly positive.<\/li>\n<li>BTC front-month futures on the CME still trade at a roughly $100 premium to the spot price. Traders need to watch out for a potential shift into discount for signs of strengthening of selling pressure.<\/li>\n<li>On Deribit, put premiums relative to calls have spiked, as the price drops bolster demand for downside protection. <\/li>\n<li>Sentiment in the XRP and SOL options has flipped bearish too, aligning with BTC and ETH markets.<\/li>\n<\/ul>\n<p><strong>Token Talk<\/strong><\/p>\n<p>By Oliver Knight<\/p>\n<ul>\n<li>A number of altcoins were dealt double-digit moves to the downside on Monday, with the likes of PUMP, RAY, CRV and TIA all sliding to their lowest in over a month.<\/li>\n<li>The sell-off was made worse by a $1.6 billion liquidation cascade, with $500 million occurring on ether (ETH) trading pairs, according to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.<\/li>\n<li>Funding rates for ether flipped negative, which means short traders are paying to hold their position, demonstrating a shift in sentiment following ETH&#8217;s rally from $2,400 at the start of July to $4,831 in late August.<\/li>\n<li>It&#8217;s worth noting that crypto majors like BTC, ETH and SOL are now at respective levels of support and as sentiment has flipped bearish, a recovery could be staged to target traders being overly aggressive in short positions.<\/li>\n<li>The average crypto token relative strength index (RSI) is <a href=\"https:\/\/coinmarketcap.com\/charts\/rsi\/\">also at 28.4 out of 100<\/a>, indicating heavily oversold conditions that will likely lead to a relief rally, unless ETH and BTC break their levels of support.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market wilted early Monday, with losses in bitcoin (BTC), ether (ETH) and other major cryptocurrencies triggering the liquidation of leveraged bets worth $1.5 billion. The decline followed a supposedly dovish Fed interest-rate cut, which was expected to send the dollar index lower and encourage more risk-taking in crypto markets. &#8220;In recent days, there [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48799","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48799"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48799\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}