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Ahead Of The Curve
22 Sep 2025

A sharp liquidation spike, what’s next?

Bitcoin's quiet streak ended with a sharp Monday sell-off, dropping to two-week lows and triggering $285M in long liquidations, with altcoins hit harder as ETH perps saw nearly $490M liquidated. BTC’s post-liquidation bounce? Don’t count on it.
Ahead of the curve - September 23 2025
Preview
Heavy Monday sell-off
Bitcoin's quiet streak ended with a sharp Monday sell-off, dropping to two-week lows and triggering $285M in long liquidations, with altcoins hit harder as ETH perps saw nearly $490M liquidated as leverage ran high. The move followed a tepid reaction to last week's Fed rate cut, with markets now pricing in two more cuts by year-end.Despite the 2.2% decline in BTC on Monday, volatility remains muted, with 7-day vol at 1.1% after hitting 0.616% on September 18, its lowest level since August 2023. This prolonged calm, alongside high open interest, raises the risk of sudden, sharp moves as leverage quietly builds.
CME stays cautious
CME’s BTC futures activity remains s
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