2. Recent sell-offs, liquidations & deleveraging
Over $1.5 billion in long positions were liquidated recently across crypto
derivatives markets. Business Insider +3
The pullback appears tied to built-up leverage after recent gains, with weak hands forced out. Barron's +2
Many altcoins have seen sharper declines than BTC/ETH - especially those with speculative narratives.
Business Insider
+3

Market Snapshot
The crypto market is in a sharp correction mode this September many refer to it as "Red September." Over US$160 billion has been wiped off global market value in just days.
The Economic Times +3
Bitcoin is trading around US$111,000-113,000, having dropped from recent highs.
Decrypt +2
Ethereum is down too: briefly under US$4,000, recovering somewhat near US$4,200.
Business Insider +2
Altcoins are taking harder hits: Solana, XRP, Dogecoin, FLOKI, etc., are seeing
steeper drops. Business Insider +2

2) Recent context & evidence
Several major liquidation events in September saw >$1.0-$1.8B erased across the derivatives market in 24-hour windows CoinGlass and industry press covered those events as the largest of the year. These episodes demonstrate how concentrated long exposure in a narrow price band can
produce outsized liquidations

TOP
Big Movers & Trends
Bitcoin (BTC) is trading in the approximate range of USD 116,000-117,000. After trying to break higher, it's consolidating in this zone.
The Economic Times +2
Ethereum (ETH) is somewhat weaker, with some downward pressure in recent days even as it benefits from upgrades
and institutional interest. Barron's +1
Altcoins are in accumulation mode in many cases, with anticipation of a Q4
rally. The Economic Times

Key Price Trends
Bitcoin is trading ~$115,000-$117,000.
It's relatively stable but showing signs of resistance near current levels.
CoinMarketCap
+4
Ethereum also appears fairly steady, though with a slightly wider movement range. Altcoins are mixed: some up, some down, depending on news & sentiment.
CoinMarketCap
+2