Crypto Stocks Drop Amid Bitcoin and Ether Losses, $1.6B Liquidated in Derivatives – 22/9/2025
Crypto-related equities tumbled in pre-market trading Monday as Bitcoin (BTC) and Ether (ETH) extended overnight declines, fueling $1.6 billion in liquidations across crypto derivatives markets.
Coinbase (COIN) led the drop with a 3% decline, while MicroStrategy (MSTR) slid 2.3%. Mara Holdings (MARA) and Metaplanet (TYO: 3350) fell more than 3% each. Treasury-focused crypto companies suffered steeper losses: Solana-based Forward Industries (FORD) dropped 5%, and ETH-specialist BitMine (BMNR) declined 3.9%.
The equities sell-off followed a difficult start to the week in Asia, where BTC fell 2.3% and ETH slid 6.4%. Several altcoins experienced double-digit percentage losses, reversing gains from last week’s rally.
Traders attributed the downturn to fading momentum across multiple tokens and the Federal Reserve’s recent 25-basis-point rate cut. The resulting liquidation wave included approximately $500 million in ETH positions unwound over the past 24 hours, according to CoinGlass.
