Core Viewpoint - The cryptocurrency market experienced a significant downturn on September 25, with Ethereum's price dropping over 4% and falling below $4000, marking its fourth consecutive day of decline. Bitcoin also faced multiple short-term drops, with a 24-hour decline exceeding 1% [1][2][3]. Market Performance - Ethereum's price reached a low of $3961 per coin, reflecting a decline of over 4% [2]. - As of the report, Ethereum was priced at $3996.82, with a total drop of 4.39% [3]. - In September, Ethereum's overall decline was recorded at 10.75%, with historical data indicating an average return rate of -5.75% for September since 2016, showing only four positive annual returns in the past nine years [6]. Broader Market Trends - Other cryptocurrencies also faced declines, with Bitcoin, Binance Coin, Dogecoin, SOL, Ripple, Cardano, and SUI all experiencing significant drops, with SOL and Dogecoin falling over 4% [7]. - The market capitalization and price changes for various cryptocurrencies were detailed, showing Bitcoin at $800.5 billion (-2.2%), Ethereum at $577.6 billion (0.0%), and others like SOL and Dogecoin also in decline [8]. Liquidation Events - In the last 24 hours, nearly 140,000 liquidations occurred in the cryptocurrency market, totaling approximately $441 million, with long positions accounting for $380 million and short positions for $6.47 million. The largest single liquidation was valued at $29.12 million [10]. - Detailed liquidation data showed significant amounts liquidated over various time frames, with a total of $4.4 billion liquidated in 24 hours [11]. Market Analysis - Analysts from Matrixport noted that despite a favorable macro environment for crypto assets, a significant decline in trading volume is increasing the risk of forced liquidations. They emphasized the importance of controlling risk exposure in an uncertain market [12]. - Recent data indicated a net outflow of $141 million from Ethereum spot ETFs, with Fidelity's ETF experiencing the largest single-day outflow of $63.4 million. The total net inflow for Fidelity's ETF reached $2.777 billion, while Grayscale's Ethereum mini trust ETF had a total net inflow of $1.401 billion [12].