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Crypto Market Liquidations Top $442M as Bitcoin, Ethereum, Solana Dip

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In brief

  • $442 million worth of crypto liquidations have been recorded over the past 24 hours, most which were long positions.
  • It comes as the majority of the crypto market is in the red, with major coins including Bitcoin, Ethereum, and Solana down on the day.
  • Only four non-stablecoins are in the green over the past seven days, with emerging decentralized exchange Aster leading the way.

Just shy of half a billion dollars worth of liquidations swept the crypto market on Thursday, amid a broadly red week for the industry.

The global cryptocurrency market has slipped 2.2% over the past 24 hours, according to CoinGecko, with IP blockchain Story as the biggest loser, down 27%.

As a result, $442 million worth of crypto liquidations have been recorded over the past 24 hours—$377 million of which were long positions.

Ethereum accounts for the lion’s share of the the liquidations at just over $180 million, according to CoinGlass, thanks to its 4.2% dip on the day and 12.9% drop over the past week. Bitcoin has also contributed $63 million in liquidations, despite just a 1.4% daily drop.

Outside of the two big hitters, liquidations are spread across the market. Solana has prompted $34.8 million in daily liquidations after dropping 5.1% on the day. Emerging decentralized exchange Aster has caused $13 million in liquidations, thanks to its sizable 13.5% daily dive.

Despite that, Aster is one of the few top 100 coins that has had a green week, according to CoinGecko, with just four non-stablecoin cryptocurrencies posting a weekly green candle.



Macro drivers

On a macro level, an analyst from crypto exchange Bitunix said in a note shared with Decrypt, that President Trump’s attendance at the United Nations’ General Assembly on Tuesday should have been bullish for risk assets like crypto.

Politico reported that Trump told Arab and Muslim leaders that he would not allow Israel to annex the Palestinian West Bank—which some Israeli ministers are currently pushing for. The analyst said this, combined with global powers recognizing Palestine’s statehood, could offer a “brief cooling-off window for geopolitics.”

“This development signals a more cautious U.S. stance on Middle East issues, which may boost risk appetite in the short term, but geopolitical uncertainty will persist,” the Bitunix analyst explained. “However, investors should keep focus on the Fed’s rate policy and U.S. labor data, which remain the key drivers for medium- to long-term capital flows.”

It appears that any temporary confidence has yet to filter through to crypto markets, with most top cryptocurrencies in the red.

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Bank of Japan's Historic ETF Unwind Sparks Market Sell-Off, Dip in Crypto

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The Bank of Japan (BOJ) spooked markets Friday by announcing it will begin unwinding its $250 billion in exchange traded funds (ETFs) and Japanese Real Estate Investment Trusts (JREITs), assets it accumulated since 2010 as part of its ultra-loose monetary policy.

Under the plan, the central bank will sell ETFs with a book value of ¥330bn ($2.2 billion) annually, equivalent to ¥620bn ($4.2 billion) at market prices. BOJ Governor Kazuo Ueda stressed the pace would be deliberately slow, noting it would take more than a century to fully dispose of the holdings.

The announcement came alongside a decision to hold the bank's benchmark rate at 0.5% by a 7-2 split vote. Uncertainty over the next rate decision, with two members pushing for an immediate hike, has raised expectations of tightening as soon as October. Japan’s core CPI rose to 2.7% in August, well above the BOJ’s 2% target.

The Nikkei fell over 1% on Friday, while Japan’s 10-year JGB climbed to 1.64%. Crypto dipped alongside, with bitcoin falling back to just above $116,000 after threatening the $118,000 hours earlier.

The move comes against a fragile backdrop. As CoinDesk has reported, Japan’s debt-to-GDP ratio sits near 240%, with bond yields at multi-decade highs. Rising borrowing costs could pose a serious risk to fiscal sustainability.



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These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos
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Linea surges as investors buy dip, ecosystem metrics soar

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Linea’s price surged over 20% on Saturday as investors capitalized on its post-airdrop dip, pushing its market cap above $418 million.

The rebound comes amid a dramatic rise in ecosystem metrics, with total value locked (TVL) hitting a record high of $1.94 billion, driven by key dApps like Aave. Linea (LINEA) is positioning itself to become a dominant force in DeFi, with stablecoin inflows and decentralized exchange volume both showing impressive growth.

The Consensys-created layer-2 network could be entering the markup phase of the Wyckoff Theory, signaling further potential gains.

Summary

  • Linea price jumped as the total value locked in the network jumped to $1.94 billion.
  • The DEX volume has jumped to $1.97 billion this month so far.
  • Data shows that the amount of stablecoins in the network jumped to a record high.

Can Linea position itself as the leading L2 by TVL?

Linea jumped to $0.027, up by 30% from its lowest level this week. This jump brought its market capitalization to over $418 million. 

Linea price rose as key metrics on its ecosystem jumped to a record high, a sign of its improving ecosystem. Its total value locked jumped to over $1.94 billion, much higher than the year-to-date low of $147 million. 

Aave (AAVE), the biggest player in decentralized finance, has led this growth. Its TVL soared to over $1.1 billion, while its 24-hour fees in the network jumped to over $90,000. The other top dApps in the network are Renzo, Etherex, and Euler.

This growth aligns with Linea’s goal of becoming the biggest layer-2 in terms of DeFi TVL. To achieve that goal, it will need to pass Base and Arbitrum, which have $7 billion and $4 billion in assets. 

2026 Goal: Linea positions itself as the leading L2 by TVL and as the premier destination for ETH capital.

Every major financial institution goes onchain, but on credibly neutral platforms, not corporate chains.

— Linea.eth (@LineaBuild) September 12, 2025

Additionally, Linea is becoming a major player in the decentralized exchange industry. dApps in its network handled volume worth $1.97 billion this month so far, slightly lower than the $2 billion they handled last month. These are big numbers for a network that handled just $258 million in July. 

The amount of stablecoins on the network is soaring. Its stablecoins jumped by over 1.5% in the last seven days to $298 million, with USD Coin having the most significant market share. 

Linea price analysis

Linea price chart | Source: crypto.news

The 30-minute chart shows that the Linea crypto price bottomed at $0.02168, a level it failed to move below after its airdrop. This rebound could be happening as investors buy the dip. 

While it is too early to tell, there are signs that it is about to move to the markup phase of the Wyckoff Theory. If this happens, it could jump sharply, potentially to the key resistance level at $0.050, which is about 96% above the current level. 





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Crypto 'Buy The Dip' Calls Spiking May Be A Warning Sign
Crypto Trends

Crypto ‘Buy The Dip’ Calls Spiking May Be A Warning Sign

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The rising number of “buy the dip” calls on social media following Bitcoin’s 5% decline over the past week could signal more downside ahead for the crypto market, sentiment platform Santiment says.

“Clearly, overall, in the markets, people are getting antsy and trying to find some entry spots now that prices have cooled down a bit,” Santiment analyst Brian Quinlivan said in a video published on YouTube on Saturday.

Santiment said in a separate report published on the same day that social media mentions of “buy the dip” have increased significantly amid the crypto market downturn, which may be a warning sign for the market.

Source: Michaël van de Poppe

“Don’t interpret ‘buy the dip’ chatter as a definitive bottom signal. A true market floor often coincides with widespread fear and a lack of interest in buying,” Santiment said.

“A real bottom often forms when the crowd loses hope and becomes afraid to buy,” Santiment added.

Sentiment is recovering as traders anticipate altcoin season

The total crypto market capitalization is $3.79 trillion at the time of publication, down approximately 6.18% over the past seven days, according to CoinMarketCap.

Meanwhile, Bitcoin (BTC) is trading at $108,748 at the time of publication, down approximately 5% over the same period. On Aug. 14, Bitcoin reached new a new high of $124,128.

It’s often echoed among crypto analysts that prices move opposite to what retail traders expect, and history suggests that when more people think the market has reached a bottom, it can actually signal further downside.

The Crypto Fear & Greed Index fell into “Fear” territory on Saturday. Source: alternative.me

Market sentiment is slowly recovering, with the Crypto Fear & Greed Index climbing back to a “Neutral” score of 48 out of 100 on Sunday, after dipping into “Fear” at 39 out of 100 the previous day.

Some traders are speculating that the crypto market’s pullback from Bitcoin’s recent highs could be a sign that the long-awaited altcoin season is approaching.

“Mega altseason” may be approaching, says trader

Crypto trader Ash Crypto pointed out in an X post on the same day that “Altcoins are now the most oversold ever.”

“Even during the Covid crash, FTX collapse or tariff wars, they weren’t this oversold,” the trader said, suggesting it could be a sign of a “mega altseason” similar to the big rallies of 2017 and 2021.

Related: ‘No question Bitcoin hits $1M’ — Eric Trump at BTC Asia 2025

On Thursday, CoinMarketCap’s Altcoin Season Index shifted from “Bitcoin Season” to “Altcoin Season,” reaching a score of 60 out of 100 at the time of publication.

Meanwhile, crypto trader Ak47 said, with a “possible Fed rate cut and altcoin ETF approval this fall, the next rally could be huge.” 

CME’s FedWatch Tool shows market participants see an 86.4% chance of the US Federal Reserve cutting interest rates for the first time this year in September, which is typically seen as a bullish signal for crypto as investors look for higher returns in riskier assets.

Magazine: The one thing these 6 global crypto hubs all have in common…



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Ethereum Supply Shock? Binance ETH Reserves Dip As Demand Gains Traction

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Even though Ethereum is facing bearish action after a pullback from its all-time high a few days ago, the second-largest crypto asset is still holding remarkably well above the $4,000 price mark. There has been a notable bullish response from ETH investors in the midst of the waning price action, as indicated by a rise in demand.

Demand For Ethereum Is Returning

Ethereum has continued its downward trend as the broader crypto market exhibits bearish action. Despite the continued negative pressure on price, Darkfost, an author and market expert, has disclosed a resurgence in sentiment among Ethereum investors on the largest crypto platform, Binance.

Darkfost highlighted that Ethereum’s market dynamics are shifting once again as fresh data reveals a sharp decline in reserves held on Binance. While demand for the leading altcoin has gained substantial traction in the broader crypto sector, the number of ETH on the crypto platform declined by about 10%.

This significant decline implies that investors are removing ETH from centralized platforms, a behavior frequently linked to long-term accumulation and growing confidence. During this period, increased market activity has been driven by rising demand, suggesting a potential supply squeeze that would intensify Ethereum’s next significant price rise.

Binance ETH reserve is dropping | Source: Chart from Darkfost on X

In less than a week, the number of ETH on the crypto exchange declined by 10 % from 4,975,000 ETH to 4,478,000 ETH, particularly between August 23 and 27. According to the on-chain expert, this kind of decline in Binance‘s Ethereum reserves, along with the fact that the trend has continued for several days, is an obvious indication of high consumer demand.

When reserves on crypto exchanges decrease like this,  investors would rather take their ETH out of the platforms. After this move, these investor either store their coins in personal wallets or carry out their tasks in DeFi in order to earn profits.

Offering a key takeaway, Darkfost noted that the consistent rate of this decline indicates that there has been a high demand for ETH in recent days, while Binance’s internal transfers might have contributed to the surge.

Large Capitals Are Flowing Into ETH

As the bull market extends, Ethereum is experiencing robust inflows, signaling growing institutional confidence. Following a prolonged period of stagnation, data from the leading analytics firm CryptoRank indicate a notable increase in inflows, as Ethereum gains widespread recognition among institutional investors.

Given that institutional participants are increasingly choosing long-term investing plans over short-term speculation, this renewed momentum demonstrates ETH’s resistance to significant market corrections.

At the time of writing, the price of ETH remains bearish and was trading at $4,398, demonstrating a nearly 4% decline in the last 24 hours. Investors’ sentiment has turned negative, as data from CoinMarketCap shows that its trading volume has reached a 10% decline in the past.

ETH trading at $4,370 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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BlackRock Buys the Dip With $314 Million in Ethereum
NFT Gaming

BlackRock Buys the Dip With $314 Million in Ethereum

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  • BlackRock tops Ethereum holdings
  • Ethereum price outlook 

Although the crypto market is down today, institutional interests in Ethereum appear unmoved. 

While Ethereum has seen its price trade in the red zone for the most part of the day, BlackRock has displayed resilience with another major ETH buy activity, according to data from Arkham Intelligence Firm.

In an attempt to stack up on the second-largest cryptocurrency by market capitalization for lesser costs, BlackRock has purchased large amounts of Ethereum worth $314 million on August 26th.

BlackRock tops Ethereum holdings

While BlackRock’s iShares Ethereum ETF is renowned for leading the broad crypto ETF community in its steady accumulation of Bitcoin and Ethereum, the move comes as no surprise. However, the timing of the massive ETH buy from BlackRock has got the crypto community talking.

BlackRock’s ETH purchase comes at a time when the market is experiencing massive price downturns, with Ethereum falling as low as $4,316 on the same day. While the price downturn has seen investors exercise caution as sentiments turn bearish, BlackRock has seized the opportunity to accumulate the asset at a cheaper price.

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Although the move signals resilience among Ethereum’s large holders, commentators fear that BlackRock’s massive Ethereum bet at a time like this may cause the leading investment firm to lose its funds.

Ethereum price outlook 

With Ethereum’s recent price rally being preceded by a notable price decline that has lasted for the past two days, investors have shown mixed sentiments on the asset’s price potential.

Amid speculations that ETH’s ongoing downturn is a healthy price correction that will possibly lead to a more sustainable rally in the price of the asset, some analysts have issued warnings that it might be a sign of an early bear phase.

Despite the division over Ethereum’s short-term trajectory, BlackRock has continued to double down on Ethereum during the price slumps. With BlackRock’s latest Ethereum purchase, there are hopes that the move could reinforce investor confidence. Thus, this could help fuel optimism among retail and institutional investors in Ethereum’s long-term price potential.

While Ethereum is trading at $4,515.67 as of press time, the asset is showing a price decline of 1.51% over the last 24 hours. With this slow price action, Ethereum has seen its price fall as low as $4,316 and surge as high as $4,595.88 on August 26th.



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Robinhood, Strategy Shares Dip on S&P 500 Snub
Crypto Trends

Robinhood, Strategy Shares Dip on S&P 500 Snub

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Shares in trading platform Robinhood Markets and Bitcoin treasury firm Strategy fell in after-hours trading on Monday after missing out on being included in the S&P 500, amid a broader market dip.

S&P Dow Jones Indices said late Monday that brokerage Interactive Brokers Group would join the index tracking the 500 largest US companies at market open on Thursday and replace the pharmacy chain Walgreens Boots Alliance.

Wall Street has long been expecting Robinhood to join the S&P 500, and MicroStrategy, trading as Strategy, had recently become eligible for inclusion as its market cap has been boosted by the rising value of its Bitcoin (BTC) holdings.

Inclusion on the S&P 500 is typically seen as a boon for a company, as its shares would be scooped up by passive investors and other funds aiming to track the index.

Robinhood again snubbed from S&P 500

Shares in the crypto and stock trading platform Robinhood (HOOD) ended after-hours trading down 0.5% at $107.40 after closing trading on Monday at a 1.26% loss.

In comparison, Interactive Brokers (IBKR) saw a 3.9% lift in extended trading to $65.21 on the announcement of its inclusion after gaining less than 0.6% throughout the trading day, while the S&P 500 ended trading 0.4% down.

Source: Google Finance

Robinhood shares had also dropped in early June after S&P Dow Jones Indices announced there would be no changes to the S&P 500 in its quarterly rebalancing.

The company’s stock has, however, gained nearly 190% this year and has continued to break price records, seeing a lift from renewed retail investor enthusiasm.

Strategy also down on S&P miss and Bitcoin drop

Shares in the software firm Strategy (MSTR) also dropped on Monday, ending the day’s session down 4.17% and a further 0.6% in after-hours trading to $341.

Related: Bitcoin futures demand rises even as BTC sells off: What gives? 

The company’s stock fell alongside Bitcoin, which was down 2% in the past day after briefly slipping below $110,000.

S&P 500 inclusion is not just about stock price

A company’s inclusion on the S&P 500 is the decision of a committee who are guided by a range of criteria a company needs to meet before it is added.

A company needs to have a market capitalization of at least $22.7 billion, be based in the US and listed on the New York Stock Exchange, the Nasdaq or Cboe.

Its shares must also meet minimum requirements for market liquidity and volume.

Jack Dorsey’s financial services company, Block, Inc., was the latest crypto-tied company to make the index and joined the S&P 500 on July 23.

Magazine: Altcoin season 2025 is almost here… but the rules have changed



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Crypto Trends

What Bitcoin’s Weekend Dip Means for the Crypto Bulls

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In brief

  • A Bitcoin whale sold 24,000 BTC on Sunday, catalyzing a liquidation cascade worth over half a billion dollars.
  • Despite the correction, options data reveal that traders remain unshaken, with bullish posturing around the $135,000 and $155,000 strike prices.
  • Improving macroeconomic conditions, following last week’s comments from Federal Reserve Chairman Jerome Powell, add credence to the bullish outlook.

A weekend sell order from a large buyer has triggered a flash crash for the world’s largest crypto, forcing over half a billion dollars in liquidations.

The sell order of 24,000 BTC, worth $2.7 billion, catalyzed a 3.74% correction in under ten minutes, resulting in $623 million in liquidations, according to data from CoinGlass.

Still, Bitcoin is up 2.41% from its weekend low of $110,484 and is currently trading near $113,169, according to CoinGecko data.



“Should be much easier to go up once short-term momentum clears and price moves above $113,500 – $114,000,” Alex Krüger, a crypto trader and founder of Aike Capital, posted Sunday on X.

Despite the whipsaw price action, some experts suggest this sell-off is not a sign of bearish sentiment, but rather a healthy function of a maturing market.

“The price has stalled because a number of whales have hit their magic number and are unloading,” Vijay Boyapati, a software engineer and expert in crypto and economics, posted on X. 

He reiterated that whale selling is a healthy event and is “required for the full monetization of Bitcoin.” 

The whale still holds a massive 152,874 BTC, worth an estimated $17.3 billion, according to Sani, a Bitcoin onchain analyst and founder of the Timechain Index.

The sell-off was likely amplified by existing market conditions such as “thin weekend liquidity” and a “build-up of leverage long positions” over the past week, Sean Dawson, head of research at on-chain options platform Derive, told Decrypt. 

Options data on Derive shows “bullish posturing for Bitcoin around the $135,000 to $155,000,” strikes while the recent “drawdown has done little to shake the bullish traders,” Dawson highlighted.

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Hyperliquid Whale James Wynn on Market Crash, 'I Pray You Bought The Dip'
Crypto Trends

Hyperliquid Whale James Wynn on Market Crash, ‘I Pray You Bought The Dip’

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James Wynn, dubbed one of the most aggressive leverage traders in the crypto industry, has dropped a bold opinion on the current market outlook. In a post on X, Wynn, a Hyperliquid whale, reinforced the accumulation and HODL mentality on the crypto market.

James Wynn’s bold Ethereum leverage position

Wynn, known for taking massive leveraged positions on assets despite market fluctuations, appears bullish in his post. 

The crypto trader stated, “I pray you bought the dip. If you sold it, you are one pathetic jeet, who simply does not deserve any financial success.”

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The message in Wynn’s post triggers optimism for future market conditions. He might have insight into a possible market turnaround that could see prices going through the roof soon. Wynn’s emphasis on “buying the dip” indicates that crypto assets could record massive gains soon, creating a point of entry for those who did not buy more difficult.

I pray you bought the dip.

If you sold it you are one pathetic jeet.

Who simply does not deserve any financial success.

Regards,
J.Wynn 🫡

— James Wynn (@JamesWynnReal) August 20, 2025

The aggressive trader was critical of investors who panicked and sold at a loss when the market crashed. He believes they will miss out on future gains when the price recovers.

Wynn, who has been silent in the crypto space for a while now, recently returned with a 25x leveraged position on Ethereum. The crypto trader’s leveraged long position is set with a liquidation price of $4,152.8.

While this liquidation price is significantly risky due to Ethereum’s volatility, Wynn has always been aggressive with his bets.

Crypto community reacts to Wynn’s market outlook

As of press time, Ethereum is changing hands above its set price at $4,228.91, despite being down by 0.1% in the last 24 hours.

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Similarly, Hyperliquid is trading down by 0.44% at $41.88 in the same time frame. However, investors and traders are active on the market, with trading volume significantly up by 18.05% at $239.88 million.

Meanwhile, users in the crypto space have reacted positively to Wynn’s message. They acknowledged the need to always take advantage of market dips to increase holdings for profitability.





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Ethereum Whales Buy Dip With $200 Million in ETH Acquired
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Ethereum Whales Buy Dip With $200 Million in ETH Acquired

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With Ethereum joining Bitcoin to lead the broad crypto market downturn, the altcoin has seen its price plunge deeper over the past days. 

However, whale activity on the coin appears to remain on the high side as data from Arkham Intelligence firm shows two whales loading up heavily on Ethereum.

The data shows that two newly created whale addresses have collectively acquired approximately $200 million worth of Ethereum (ETH) in a single purchase, sparking discussions across the crypto community.

The transaction saw Ethereum birthing new whales despite the market slump, as the source revealed that the fresh wallets acquired about $192 million in ETH from BitGo, a renowned crypto trading platform and liquidity provider.

Despite the negative price trend witnessed today, large holders of Ethereum have shown resilience, aggressively stacking up on the asset despite massive price losses.

Ethereum whales continue buying spree

Recent whale activities witnessed across the crypto market show that Ethereum has become the center of attraction among high-profile investors and institutional investors, as Ethereum is seen outshining Bitcoin in whale activities.

Although the massive ETH purchases made by the single entity have sparked market reactions, it is just one of the numerous whale transactions involving ETH that were recorded today. This validates speculations that whales might be taking over the Ethereum ecosystem.

While the broad crypto market downturn has seen market investors take caution and slow down on their crypto purchases, it appears that Ethereum whales are still positive about the asset’s potential as recent buy activities show that whales are relentlessly buying the dip on the asset.

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Nonetheless, the massive buying spree witnessed among new and existing Ethereum whales like this often hints at long-term conviction, which appears bullish for the cryptocurrency, restoring hopes for a potential price rebound.

With Ethereum remaining on the downside for multiple days, analysts have predicted that the ongoing downtrend may wrap up soon, as large whale purchases have preceded periods of price recovery.

Notably, increased buying activities from retail and institutional holders can both tighten supply on exchanges and boost confidence among retail investors, propelling the concerned cryptocurrency toward a potential price surge.

Market watchers have expressed excitement about the move, as the massive buys could mark the beginning of a bullish reversal in the price of Ethereum.



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