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Crypto markets are under heavy pressure today, raising the big question: why is crypto crashing today? Bitcoin
Bitcoin
1.98%
Bitcoin
BTC
Price
$66,796.26
1.98% /24h
Volume in 24h
$33.47B
Price 7d
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dropped below $112K, now trading at $112,660, dragging the total market cap to $3.9 trillion. According to Coinglass, over 402,000 traders were liquidated in the last 24 hours, wiping out $1.7 billion in positions. Longs bore the brunt, accounting for $1.62 billion in losses, while shorts only lost about $85.8 million. Ethereum
Ethereum
3.17%
Ethereum
ETH
Price
$1,828.68
3.17% /24h
Volume in 24h
$15.43B
Price 7d
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saw $483 million liquidated, while Bitcoin traders lost $276 million.
The selloff comes as traders brace for over $517 million worth of token unlocks in the next seven days, sparking fears of further selling pressure.
(Source: Coinglass)
Despite the red across the board, investors are already asking what could be the best crypto to buy during this dip. Historically, such pullbacks have opened long-term accumulation opportunities, though near-term volatility may persist. Is this the final bottom?
EXPLORE: Best New Cryptocurrencies to Invest in 2025
What’s Next for Bitcoin and the Market?
While liquidations and token unlocks explain the immediate crash, macro uncertainty also weighs on sentiment. Still, one silver lining is the $163 million of inflows into U.S. Bitcoin spot ETFs, showing institutional demand hasn’t dried up.
Bitcoin now faces a critical test at the $112K support zone. If bulls fail to hold this level, BTC could revisit $108K or even $100K. On the upside, reclaiming $117K would open the door for another attempt toward $123K. Ethereum also remains in focus after its drop, with traders watching whether it can stabilize above $4,000.
For investors with a longer horizon, dips like these often highlight the best crypto to buy, especially top assets like BTC, ETH, and SOL. However, traders should stay mindful of near-term volatility as the market digests both liquidations and unlock-driven supply shocks.
LINEA and ASTER crypto continue to dominate headlines right now, especially Aster, the new Hyperliquid competitor from Binance founder CZ and his family investment firm, YZi Labs. The strength shown by ASTER since its launch on September 17 has been nothing short of incredible. Investors are now wondering whether LINEA or ASTER will be the new Binance listing heading into October. Both Linea and Aster are currently listed on Binance Perps, but neither has a spot listing as of yet. LINEA is a brand new Ethereum Layer-2 that has huge backing from the likes of MetaMask’s parent company, Consensys, leading many to speculate that the upcoming MetaMask token could be airdropped to users of the Linea chain. Aster has pumped over 7,000% since its launch just five days ago, and it seems the most obvious to receive a full spot listing on Binance by the time October rolls around. Bitcoin accumulation continues among institutions. Strategy announced the purchase of 850 BTC for approximately $99.7 million, at an average price of $117,344 per coin. This latest acquisition brings Strategy’s total holdings to 639,835 BTC, worth nearly $47.33 billion, with an average entry price of $73,971 as of September 21, 2025. Meanwhile, Abraxas Capital has also made a notable move, withdrawing 1,060 BTC, valued at about $119.6 million, from Binance within the past six hours. Bitcoin price is trading just below $113K, currently at $112,944, with investors closely eyeing the next move. Every trader is hunting for the next 100x crypto, and right now, Merlin Chain (MERL) is exploding onto the scene after a massive +99% price surge this week. With its cutting-edge technology and rapidly growing ecosystem, many ask whether MERL could be the next crypto altcoin to deliver life-changing returns during this burgeoning altcoin season. What is MERL chain? Just weeks after predicting HYPE could achieve a 126x return, Arthur Hayes has shifted tone in his latest piece, “HYPE’s Damocles Sword.” The former BitMEX CEO disclosed selling 96,600 HYPE tokens and highlighted the looming supply risks ahead. Starting November 29, 2025, a massive 237.8 million HYPE tokens will begin unlocking linearly over 24 months. At a price of $50 per token, that equals $11.9 billion in total supply, or roughly $500 million released monthly. Current buyback mechanisms are only sufficient to absorb about 17% of this flow, leaving a potential $410 million monthly overhang weighing on the market. Meanwhile, Sonnet and other DATs have raised $583 million worth of HYPE and $305 million in cash. However, Hayes suggested these efforts may not be enough to counteract the scale of the unlocks, leaving investors bracing for volatility ahead. Will LINEA or ASTER Crypto be The New Binance Listing For October?
Strategy Expands Bitcoin Holdings as Abraxas Capital Makes 1,060 BTC Withdrawal
What is Merlin Chain? MERL Price Erupts +99% is it Next 100X Crypto?
Arthur Hayes Warns of HYPE’s Unlock Overhang
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