Ah, the last day and a half in the crypto bazaar-how it roared and shook with the fever of a man who’s lost his last ruble. Nearly three billion dollars vanished into thin air, as if a magician had waved his wand and shouted, “Abracadabra, gone!”
Ethereum, our once proud stallion, led the mad dash to the exit with roughly nine hundred million dollars liquidated-momentarily outrunning Bitcoin, as if to say, “I can fall faster too!”
The Tale of Ethereum’s Liquidation Woe
Enter Alphractal, the new oracle of numbers, pointing at a curious ratio-a sort of thermomether of despair called Liquidations-to-Open Interest. It tells us which tokens wail the loudest beneath the weight of selling.
Surprisingly, the titans like Bitcoin and Ethereum have not yet danced their final death waltz. Instead, the lesser coin-rats scurry about in panic: the middling and small-fry altcoins-from top 10 to top 700-have borne the brunt, like peasants during a tax hike, losing their leveraged positions and turning market jitters into a full-blown drama.
All eyes are now glued, like expectant theatergoers awaiting the next act, on whether Ethereum’s bruises today herald a grander carnage to come. Mr. Joao Wedson of Alphractal, CEO and clairvoyant, assures us that even as the bears gnash their teeth, these long liquidations might just be the spark to rally a bullish encore come October. A comforting notion, akin to hearing there’s still vodka left at the party.
“ETH has been following the reaccumulation phase I warned about back in August. We went short exactly at the last ATH, and the position is still open. I still believe that the latest long liquidations will re-ignite the market for a bullish October – even if many traders are still unsure.”
On the institutional front, Ethereum has attracted a robust $772 million inflow last week. Perhaps the fancy investors believe that after every storm comes a rainbow-or at least a decent cocktail. This came in tandem with the US Fed’s long-awaited rate cut, which initially gave investors a fright, then a shaky pat on the back, encouraging them to keep dancing with digital assets.
Correction Today, Ten Grand Tomorrow? Or Just Another Fairy Tale?
Our own market sage, Ted Pillows, delivers the prophecy from the digital soapbox called X, foretelling that Ethereum will someday tower above $10,000. But before that coronation, expect a cleansing storm: a plunge to somewhere between $3,600 and $3,800, where hopefully it catches its breath.
After this theatrical dip, Earth’s third most popular cryptocurrency may rise anew-stronger, wiser, and perhaps a little more humble-ready to dazzle us with a fresh all-time high. Until then, keep your wits-and your snacks-close.
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2025-09-23 21:42