The long-awaited interest rate cut by the US Fed has arrived, and centralized exchanges saw impressive stablecoin inflows.
By Wahid Pessarlay
Editor Julia Sakovich
Updated
2 mins read
Cryptocurrency liquidations skyrocketed by over 100% following the US Federal Reserve’s announcement of a 25-basis-point rate cut, which triggered high volatility.
According to data from CoinGlass, the total amount of crypto liquidations reached $414 million ($190 million longs and $224 million shorts) over the past 24 hours.
Ethereum ETH $4 574 24h volatility: 1.5% Market cap: $552.31 B Vol. 24h: $43.01 B leads the chart with $115 million in liquidations ($67.6 million long and $47.4 million short) as the token recorded a selloff after briefly touching $4,640. The top altcoin is currently hovering at $4,570.
Bitcoin BTC $117 164 24h volatility: 0.8% Market cap: $2.33 T Vol. 24h: $58.17 B follows with $110 million in liquidations ($32.6 million long and $77.4 million short) after reaching a local high of $117,900.
Usually, the market would see strong short liquidations after a major event like the Fed’s rate cut. In this case, the long-over-short liquidations ratio, currently at 0.85, is very close, showing uncertainty among market participants.
Axel Adler, a crypto analyst on X, wrote that the Bitcoin price’s overheating signals “appeared ahead of the FOMC.”
BTC futures are trading at a premium to spot, with the basis consistently positive and the 7-day above the 30-day, indicating a bullish regime. Overheat/divergence signals appeared ahead of the FOMC, a short-term overheating (basis rising on light volume) which suggests the move… pic.twitter.com/J7hMf3Xb2u
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) September 18, 2025
He expects a short-term consolidation, between one and two weeks, before the market could gain bullish momentum “that would point to fresh long participation and raise the odds of a new ATH.”
The expectations of a Fed rate cut have been pouring positivity into the crypto market.
According to data from Coinglass, just over $3 billion in USDT USDT $1.00 24h volatility: 0.0% Market cap: $171.17 B Vol. 24h: $136.99 B has entered centralized crypto exchanges over the past seven days. On Sept. 14, Coinspeaker reported that Tether had been minting its stablecoin due to strong demand from investors.
Now the CoinGlass data confirms the demand.
Roughly 2.82 billion USDT flowed into Binance, the largest CEX in terms of trading volume, and one of the most liquid exchanges in the market.
Bybit received the second-largest inflow, worth $217.7 million.
The inflow of stablecoins into CEXs shows that investors have been preparing for a market-wide surge.
It’s important to note that Bloomberg’s ETF analyst James Seyffart hinted at the start of an altcoin season on Sept. 5.
This shows that the majority of investors might be looking at altcoins as their next investment.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
