{"id":51879,"date":"2025-10-09T08:16:44","date_gmt":"2025-10-09T08:16:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51879"},"modified":"2025-10-09T08:16:44","modified_gmt":"2025-10-09T08:16:44","slug":"crypto-market-selloff-deepens-640m-liquidated-as-bitcoin-ethereum-and-xrp-prices-slide","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51879","title":{"rendered":"Crypto Market Selloff Deepens: $640M Liquidated as Bitcoin, Ethereum, and XRP Prices Slide"},"content":{"rendered":"
\n

The global crypto market suffered a sharp downturn on Wednesday, with over $640 million in leveraged positions liquidated as traders rushed to exit amid profit-taking and ETF outflows.<\/p>\n

According to data from Coinglass<\/a>, Bitcoin (BTC) and Ethereum (ETH) bore the brunt of the wipeout, facing $155 million and $180 million in liquidations respectively, while altcoins like XRP, Solana (SOL), and BNB also saw heavy losses.<\/p>\n

The total crypto market capitalization fell 1.9% to $4.18 trillion, with trading volumes rising to $240 billion, a sign that forced selling and defensive repositioning dominated the session. The Fear & Greed Index dropped from 62 to a neutral 55, reflecting fading risk appetite after weeks of aggressive buying.<\/p>\n

Bitcoin, Ethereum, and XRP Face Technical Breakdown<\/strong><\/h2>\n

Bitcoin dropped 1.4% to $122,400 after failing to hold its record high above $126,000, triggering a wave of automated selling as exchange inflows surged past $5.7 billion. Analysts point to a cooling RSI and rejection near upper Bollinger Bands as signs that short-term momentum has weakened.<\/p>\n

Ethereum fell nearly 4.5% to around $4,450, its largest daily drop in over a month, as traders rotated capital back into Bitcoin ETFs and stop-loss orders accelerated the decline.<\/p>\n

XRP, meanwhile, tumbled 3.5%, slipping below key support at $2.90, with Coinglass reporting a 4,300% spike in liquidation imbalance, a clear sign that overleveraged longs were flushed out.<\/p>\n

Despite the selloff, technical analysts suggest the pullback may serve as a leverage reset, setting the stage for more sustainable upside later this month.<\/p>\n

With Bitcoin\u2019s RSI nearing 42 and Ethereum hovering around oversold zones, some traders are eyeing the $118K\u2013$121K BTC region and $4,200 ETH level as potential reaccumulation zones.<\/p>\n

\"Ethereum<\/p>\n

ETF Outflows and Macro Pressure Add Fuel to the Decline<\/strong><\/h2>\n

Market data shows Grayscale\u2019s Bitcoin ETF<\/a> recorded $28.6 million in net outflows, snapping its prior streak of inflows and contributing to bearish sentiment. Simultaneously, perpetual futures volume surged 22% to $540 trillion, showing heightened volatility and defensive positioning.<\/p>\n

Adding to the macro headwinds, the U.S. dollar index (DXY) hit a two-month high, and 10-year Treasury yields hovered around 4.13%, tightening financial conditions just ahead of the FOMC minutes release. These factors reinforced the shift toward risk-off positioning across both traditional and crypto markets.<\/p>\n

With more than $640 million liquidated, Bitcoin, Ethereum, and XRP have entered a crucial technical zone. If buyers fail to defend near-term supports, the selloff could deepen, but a bounce from these levels could mark the start of a new accumulation phase heading into late October.<\/p>\n

Cover image from ChatGPT, ETHUSD chart from Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The global crypto market suffered a sharp downturn on Wednesday, with over $640 million in leveraged positions liquidated as traders rushed to exit amid profit-taking and ETF outflows. According to data from Coinglass, Bitcoin (BTC) and Ethereum (ETH) bore the brunt of the wipeout, facing $155 million and $180 million in liquidations respectively, while altcoins […]<\/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-51879","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\/51879","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=51879"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51879\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}