Cryptocurrencies Price Prediction: Bitcoin, Meme & Crypto – European Wrap 22 September
Over $1B Liquidated today in Bitcoin: Leverage flushout
According to Coinglass’s liquidation tracker, roughly $1.59B in long positions were wiped out today — proof that retail apes who chased weekend highs got caught on the wrong side.
At the same time, open interest has rolled over rapidly today, underscoring a classic leverage washout. It’s the kind of reset that clears out weak hands and forces the market back to neutral.
Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe extend corrections as market sentiment turns cautious
Meme coins face renewed selling pressure at the start of this week on Monday, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) extending their losses after recent corrections. The technical outlook of these meme coins signals a bearish momentum, suggesting further losses in the upcoming days.
Heavy losses for crypto prices
It has been a tough start to the week for crypto assets, which have declined across the board, though there appears to be little in the way of a definite catalyst. It’s important to keep these moves in context, given the big gains made in recent months, and they are a useful reminder to all crypto participants that this is an asset class where higher volatility should be viewed as a given. Notably gold has made new record highs this morning, which may well turn the heads of many in the short term.
Author
FXStreet Team
FXStreet
