Catenaa, Monday, September 29, 2025- Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, fell sharply Thursday, with liquidations surpassing $1.1 billion, predominantly from long positions, highlighting market exhaustion. Bitcoin dropped 3.6% over 24 hours to under $109,554, down nearly 7% last week.
Ethereum declined 7% to $3,887, while Dogecoin fell 7.6% to roughly $0.23. Solana also sank 7.7% to $197.52, making SOL and DOGE the biggest weekly losers among the top 100 coins by market capitalization.
Analysts attributed the sell-off to profit-taking, slower ETF flows, and macroeconomic uncertainty. Glassnode noted that Bitcoin is showing “signs of exhaustion” after 1,030 days in its current cycle, approaching the length of prior bull markets.
Investor sentiment has been affected by upcoming US inflation data, with the Federal Open Market Committee’s rate decisions expected to influence crypto prices.
Institutional investors are cautious amid macro risks, including a potential government shutdown, rising geopolitical tensions, and mixed economic indicators.
Bitwise strategist Juan Leon highlighted that this cycle is unique, driven primarily by institutional adoption rather than retail euphoria.
