Gate Research Institute Daily Report: On September 23, BTC fluctuated after breaking below $112,000, while ETH failed to stabilize at the $4,200 mark; AIC surged over 70% in 24 hours due to buyback and burn plans and thematic popularity, 0G skyrocketed over 50% due to mainnet launch and favorable financing, and BLUE improved liquidity in the short term, rising over 30%; in the past 24 hours, the total liquidation amount in the market exceeded $1.7 billion, with Metaplanet purchasing Bitcoin for $632 million, becoming the fifth largest publicly listed holder of Bitcoin globally; gold reached a historical high of $3,721, with funds flowing from Bitcoin into the precious metals market.
BTC (-1.79% | Current Price 112,336 USDT): BTC price maintained above $114,000 around the morning of September 22, then quickly dropped, reaching a low of around $111,700, with a daily decline of over 2%. After that, the price entered a phase of consolidation, with multiple attempts to rebound failing to effectively reclaim the $113,000 mark. Overall, the trend after the volume increase indicates a bearish advantage, with heavy short-term pressure. If the price cannot quickly recover the $112,500–113,000 range, there is a risk of further decline. Conversely, if it can stabilize above $112,800 and break through with volume, a corrective rebound may be expected.
ETH (-2.78% | Current Price 4,180 USDT): Ethereum's price fluctuated around $4,300 in the morning of September 22, then quickly fell, reaching a low of $4,130, forming a volume-increasing downward trend. After that, the market entered a weak rebound and consolidation phase, with multiple attempts to break above $4,200, but none succeeded. Overall, ETH price faced significant selling pressure at $4,300, with short-term bears in control. If it cannot recover and stabilize at the $4,200 mark, the market may continue to seek support, focusing on the strength of support around $4,100.
Altcoins: Most mainstream altcoins experienced slight declines, with market sentiment primarily "neutral" or "buying." The Fear and Greed Index reported 43 today, still in the panic zone, indicating that market sentiment has turned pessimistic due to today's decline.
Macro: On September 22, the S&P 500 index rose 0.44%, closing at 6,693.75 points; the Dow Jones index rose 0.14%, closing at 46,381.54 points; the Nasdaq index rose 0.70%, closing at 22,788.98 points. As of September 23, 11:40 AM (UTC+8), the spot price of gold was reported at $3,743 per ounce, with a 24-hour decline of 0.11%.
According to Gate market data, the AIC token is currently priced at $0.2243, up approximately 71.25% in 24 hours. AI Companions combine advanced artificial intelligence (AI), virtual reality (VR), and blockchain to provide a personalized, immersive digital companion experience. With the support of $AIC, users can create and customize virtual companions and interact with them, as the virtual companions learn and evolve based on personal preferences. The platform combines AI-driven personalization with decentralized blockchain technology, facilitating in-platform purchases, companion upgrades, exclusive content, and subscription plans. AI Companions are positioned at the intersection of artificial intelligence and virtual reality, redefining digital relationships in a rapidly expanding market, with a mission to revolutionize how individuals globally interact with adaptive digital entities.
AIC has surged significantly in the past 24 hours, mainly benefiting from the buyback and burn plan initiated by the project team, combined with market enthusiasm for the AI + virtual companion concept, leading to concentrated capital inflow. Meanwhile, trading volume has significantly increased, reflecting positive market sentiment and driving prices upward.
According to Gate market data, the 0G token is currently priced at $6.05, up 51.35% in 24 hours. 0G is the largest first-layer blockchain network designed specifically for artificial intelligence. Its decentralized AI operating system offers unparalleled performance, achieving secure artificial intelligence that is fully transparent, privacy-protecting, verifiable, and community-governed, with operating costs reduced by 90% compared to centralized black-box systems.
The recent rise of 0G is mainly driven by the launch of the mainnet Aristotle and the simultaneous listing on multiple exchanges, combined with its completion of significant financing and being viewed as a high-performance public chain newcomer, attracting concentrated capital and sentiment, leading to a price increase.
According to Gate market data, the BLUE token is currently priced at $0.1075, up approximately 30.58% in 24 hours. Bluefin is a decentralized spot and derivatives trading platform on the Sui blockchain, supported by leading companies such as Polychain, SIG, and Brevan Howard. Bluefin is the protocol with the highest total trading volume on Sui, exceeding $39 billion since its launch in September 2023.
The recent rise of BLUE is attributed to a small number of investors regaining confidence in its community NFT background (such as the "inBetweeners" bear series) and slight liquidity improvements in the short term. However, overall trading volume remains very small, with no substantial positive news released, indicating that sentiment-driven factors are predominant.
In the past 24 hours, the cryptocurrency market experienced significant volatility, with a total liquidation amount reaching approximately $1.7 billion, with long positions being the main victims. Bitcoin's price briefly fell below $112,000, triggering large-scale liquidations, while Ethereum recorded approximately $480 million in liquidations, becoming the most impacted asset. Meanwhile, mainstream altcoins like XRP and Solana also faced concentrated liquidations, indicating that high-leverage funds in the market were rapidly squeezed out in a short time.
Despite short-term market sentiment being under pressure, analysts point out that this round of liquidations mainly stems from concentrated clearing after excessive leverage accumulation, and does not represent a reversal of the long-term trend. If Bitcoin can quickly recover key support ranges, the market may be expected to regain upward momentum. However, short-term volatility increases will continue to test investors' patience, and the risks of high-leverage operations have been magnified again.
Japanese listed company Metaplanet purchased 5,419 Bitcoins for $632 million, with an average purchase price of approximately $116,700 per coin, bringing its total holdings to 25,555 coins, valued at approximately $2.71 billion, surpassing Bullish to become the fifth largest publicly listed Bitcoin holder globally. The company's Bitcoin holdings have yielded a return of 395.1% this year, and it plans to continue expanding reserves using the $1.4 billion recently raised.
At the same time, Capital B also purchased 551 Bitcoins, increasing its total holdings to 2,800 coins. However, the stock prices of both companies did not receive support from the positive news, with Metaplanet's stock price falling 3% to 589 yen, and Capital B's stock price declining 1% to 1.14 euros in European trading, down 73% and 81% from their historical highs, respectively.
On Monday, Bitcoin fell 3% within 24 hours, briefly touching $112,000, while gold strengthened an hour later, rising 1% to $3,721, once again setting a historical record. Gold has risen 43% this year, while silver has performed even better, with an increase of over 50%, approaching the long-term high of $44.
Market analysis suggests that this round of movement indicates that some funds may have shifted from Bitcoin to precious metals and other safe-haven assets after taking profits. Although both sometimes move in sync, the recent divergence has become more pronounced, highlighting a change in investors' asset allocation preferences amid macroeconomic uncertainty.
Related: 0G Labs Mainnet Aristotle Officially Launched | Aria Launches IP Investment Platform Aria PRIME
Original article: “Over $1.7 Billion Liquidated in Crypto Market in a Single Day | AIC Defiantly Soars Over 71%”
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