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Crypto Stocks Tumble in Pre-Market Trading as Bitcoin Dives to $112K
Crypto stocks tumbled in pre-market trading as bitcoin and ether extended heavy overnight losses, fueling $1.6 billion in liquidations across derivatives exchanges.
Updated Sep 22, 2025, 11:46 a.m. Published Sep 22, 2025, 11:36 a.m.
What to know:
- Coinbase (COIN), Strategy (MSTR), Mara Holdings (MARA) and Metaplanet (TYO: 3350) all fell by more than 2–3% in pre-market trading, mirroring the crypto market downturn.
- Solana-focused Forward Industries (FORD) dropped as much as 5% while ether treasury firm BitMine (BMNR) lost nearly 4%, underscoring pressure on corporate balance sheets tied to digital assets.
- After last week’s rally on the Fed’s 0.25% rate cut, BTC and ETH reversed sharply, triggering over $500 million in ether liquidations alone within 24 hours.
Crypto-related company stocks tumbled in pre-market trading on Monday as bitcoin and several altcoins succumbed to unrelenting sell pressure, spurring $1.6 billion in liquidations across derivatives exchanges.
Coinbase (COIN) is down by 3% in pre-market trading while Strategy (MSTR) slid by 2.3%. Mara Holdings (MARA) and Metaplanet (TYO: 3350) also lost more than 3%.
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Crypto treasury companies had a rougher morning; with solana treasury company Forward Industries (FORD) selling off by as much as 5% in pre-market trading while ETH-focused BitMine (BMNR) lost 3.9%.
The equities sell-off comes after a grueling weekly open for crypto markets during the Asia morning; BTC and ether are down 2.3% and 6.4% respectively while several altcoins were dealt double-digit moves to the downside.
The move was a culmination of several tokens losing momentum after gaining ground last week alongside the Federal Reserve's decision to cut interest rates by 25 basis points.
The reversal led to widespread liquidations across crypto derivatives exchanges, with $500 million worth of ETH positions being unwound in the past 24 hours, according to CoinGlass.
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- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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