CRYPTO MARKET UPDATE – 22/09/2025

Today, the crypto market recorded a relatively strong correction after the previous short bullish wave. Bitcoin fell by about 2–3% and is currently trading around 112.9K USD. Ethereum dropped more significantly by about 6–7% to a zone near 4.2K USD. Solana lost about 6–7% and is trading around 170–180 USD.

The main reason comes from a large liquidation of long positions with an estimated total value of about 1.5–1.7 billion USD, creating a domino effect in the derivatives market. At the same time, cautious sentiment regarding monetary policy signals from the Fed has led many investors to take profits at resistance levels.

Technically, BTC is testing the key support zone of 110K–113K. If this zone holds, the price may retest 118K–120K; conversely, breaking below could pull it back to 105K–108K. ETH has lost the short-term support zone of 4.3K–4.35K, with the current support zone at 4.0K–4.2K. If it holds, it could recover to 4.4K–4.6K, but breaking below 4.0K poses a risk of dropping to 3.6K. SOL needs to hold the support zone of 165–170 to avoid deeper testing; the nearest resistance is 185–190.

On-chain and capital flow show that liquidity is quickly withdrawn from exchanges during the sell-off, but institutional capital still quietly maintains positions in ETF funds, so the medium-term context is not entirely negative.

Short-term action strategy: reduce leverage, shrink positions when the market is highly volatile, prioritize risk management with clear stop-loss at (BTC below 110K, ETH below 4.0K), buy in parts when a support zone is confirmed by buying volume returning. Long-term investors can take advantage of corrections to DCA into BTC and ETH with gradually smaller ratios.