TRADER456
09-25

$BitMine Immersion Technologies Inc.(BMNR)$ Over $1.5 billion in liquidations were triggered as Ethereum

ETH-3.34%

(ETH) fell below $4,000, marking the largest single-day losses since late 2024. According to Coinglass data, ETH

dropped 9% to $4,075, with nearly half a billion dollars of leveraged long positions wiped out as traders faced margin calls. Bitcoin

BTC-1.31%

(BTC) also slid 3% to $111,998, though it recovered slightly by midday. The 24-hour liquidation event affected over 407,000 traders, reflecting extreme market stress and leveraged positioning across altcoins like Dogecoin

The decline was exacerbated by panic selling from large holders. Whale addresses, including 0x3c9E, liquidated 1,000 ETH for $4.19 million, compounding losses as the price dropped. Another whale, 0x09D4, dumped 56,569 HYPE tokens at a $103,000 loss, while BV2gzZ sold 307 million PUMP tokens for a $582,000 loss. These actions underscored a broader trend of leveraged positions collapsing under margin pressure, with smaller traders disproportionately impacted

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Megan Barnard
    09-25
    Megan Barnard
    BMNR holds 207k ETH—this 9% dip just erased ~$83M of its treasury, no?[NosePick]
  • Phyllis Strachey
    09-25
    Phyllis Strachey
    $1.5B liquidations are messy, but BMNR’s liquidity’s strong enough to weather?
  • Jo Betsy
    09-25
    Jo Betsy
    Whales dumped ETH, but BMNR’s a long-term holder—you think it’ll sell too?
  • OutsiderLEO
    09-25
    OutsiderLEO
    Be careful with the volatility
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