Posted on 09/22/2025 8:25:18 AM PDT by Red Badger
Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that hit smaller tokens hardest.
Ether slumped as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions in the second-largest token were liquidated, according to data from Coinglass. Bitcoin declined almost 3% to $111,998.
Insatiable demand from publicly-listed vehicles bent on hoarding tokens drove both Bitcoin and Ether to all-time highs in August, but there are now signs that the momentum generated by so-called digital-asset treasury companies is beginning to fade. Japan’s Metaplanet, a high-profile Bitcoin buyer, is down about 67% from a mid-June peak.
“It feels like the market needs a breather, with some participants concerned that the ‘DAT-trade’ is losing steam and there are no more meaningful inflows on the horizon,” said George Mandres, senior trader at XBTO Trading.
(Excerpt) Read more at msn.com ...
Meanwhile, real money AKA gold and silver are at new highs today.
The con is still running strong.
Surely there are more suckers out there.
I still don’t know what to make of that Crypto stuff,
but I feel quite comfortable buying gold and silver bullion.
“...a sharp selloff that hit smaller tokens hardest.”
Natch.
If I can’t see it, touch it, hold it or bury it in the back yard, I don’t want it...................
‘It’s a flesh wound. LOL
So do I.
Hypothetical question: what if crypto is a trap, meant to lure much of the public away from gold and silver?
Hypothetical answer: if there is ever a rug pull with crypto, a lot of people are going to be left high and dry, wailing and gnashing their teeth that they should have bought precious metals...
You know what they say.....a fool and his crypto are soon parted.....
What a surprise /s
Gold and silver will eventually tank as well. Land, guns and ammo hold value and the government can confiscate that. Diamonds always hold value, but someone/governments will go as far as to cut you open for those even if you swallow them in a sealed container trying to keep them.
Governments issue currency.
Diamonds always hold value.................
https://www.pricescope.com/diamond-prices/diamond-prices-chart/
Bitcoin is hitting lows we have not seen since 9/10!!!
Sell, Sell, Sell!!!
The ‘experts’ will probably tell people to get in now (”buy low”).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.