Bitcoin Down Big: $1.7B Liquidations, ETF Slowdown, GDP Shock

Bitcoin is facing renewed selling pressure after over $1.7 billion in leveraged positions were liquidated in the past 24 hours, mostly from long bets. The cascade of forced selling across major exchanges like Hyperliquid and Bybit dragged Bitcoin below key support levels, while altcoins saw even sharper declines as liquidity thinned. At the same time, slowing ETF inflows and institutional de-risking are weighing on sentiment, pushing the total crypto market cap down to around $3.91 trillion.

Adding to the pressure, the U.S. Q2 2025 GDP revision came in stronger than expected at 3.8%, fueling concerns that the Federal Reserve may slow the pace of interest rate cuts. A stronger dollar and rising Treasury yields have created a risk-off environment that is spilling into crypto markets. In this livestream, we’ll break down the liquidation wave, the role of ETFs and institutions, and how macroeconomic shocks like the GDP surprise are shaping Bitcoin’s September performance.