The cryptocurrency market endured another violent shakeout as more than $1.7 billion in leveraged positions were liquidated between September 23 and 24, according to Coinglass data. Ethereum (ETH) bore the brunt of the move, with long positions worth nearly $500 million wiped out in a matter of hours.
ETH at the Center of the Selloff
Ethereum’s steep decline was triggered by a wave of forced liquidations, where overleveraged traders saw their long bets automatically closed once prices dropped below margin requirements. The sheer scale of ETH liquidations created a feedback loop: selling pressure drove the price lower, which in turn triggered even more liquidations.
Unlike Bitcoin, which enjoys deeper liquidity, Ethereum’s order books are relatively thinner. This makes sudden bursts of selling more disruptive, accelerating price declines and widening losses across the market.
Ripple Effect on Altcoins
Ethereum’s plunge quickly spread to other major altcoins. Assets like Cardano (ADA), Solana (SOL), and XRP faced steep drops as traders rushed to cut exposure. Thinner liquidity across these networks meant the cascading effect of ETH’s selloff was magnified, dragging the broader altcoin market into the red.
Turning Volatility Into Opportunity
For most traders, days like these mean painful losses — watching positions get liquidated in a matter of minutes. But volatility doesn’t have to be the enemy. Platforms like Zexpire are showing how traders can flip the script and actually profit from crypto’s wild swings.
No More Losses From Crypto Volatility — Earn From It With Zexpire
Zexpire reduces trading to a simple binary play: will Bitcoin stay within a set range today, or break out of it? If you’re right, you win. If you’re wrong, your loss is capped at the stake — with no leverage, no margin calls, and no liquidation spirals. In other words, volatility becomes a feature, not a risk.
$ZX Powers the Volatility Play
Every prediction on Zexpire runs on $ZX, the platform’s native token. Holders enjoy perks like discounts, cashback, governance rights, staking rewards, referral bonuses, and exclusive airdrops. Tokenomics are designed for sustainability: 20% of platform fees are burned, while buybacks support long-term value and scarcity.
Currently in its initial funding round, $ZX is priced at $0.003, with gradual increases toward $0.025 before listing — rewarding early participants with the lowest entry point.
Why $ZX Could Be a Breakout
Zexpire directly addresses traders’ biggest frustration: losing money to volatility. By turning unpredictable swings into the core play, the platform aligns perfectly with crypto’s true nature. With demand tied to gameplay, and supply tightened through burns and buybacks, $ZX has the foundations to grow as adoption accelerates.
For traders weary of liquidation headlines and sudden crashes, Zexpire offers a new approach: earn from volatility instead of fearing it.
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Ethereum (ETH) Price Outlook
Source: TradingView
ETH now trades between 4360 and 4607, down 7.23% for the week and 12.61% for the month but still up 108.56% over six months. The 10-day average at 4171 sits below the 100-day level of 4318, hinting at a short-term pullback inside a wider uptrend. RSI at 48.7 is neutral, the stochastic at 85.3 shows near-term pressure, and MACD is slightly negative.
Key support rests at 4271, then 4024, while resistance stands at 4764 and 5011. A break above 4764 would add about 10% upside toward 5011, while a slip under 4271 could trim roughly 6%. The broader trend and firm support suggest ETH is more likely to grind higher after consolidation, though brief dips may continue in the near term.
Conclusion
The sell-off quickened when ETH sparked a wave of forced sales. Prices slid across the board, wiping out gains made earlier in the week. Open interest dropped as traders rushed to close positions. ETH ended deep in the red, yet its wide use in smart contracts keeps it central to market recovery hopes.
ETH remains the second-largest crypto, but Zexpire is the first DeFi platform that turns crypto’s biggest challenge—volatility—into a profit chance. Instead of picking a direction, users make one click: will Bitcoin stay in range or break out today? Losses stay capped, no liquidations, no margin calls. Every play uses $ZX, the platform’s own token. Buying $ZX now gives early entry into an asset with built-in demand, fee cuts, and buybacks that reward first adopters. ETH represents a promising opportunity too.
Get more information about Zexpire ($ZX) here:
- Site: https://zexpire.com/
- Telegram: https://t.me/zexpire_0dte
- X: https://x.com/Zexpire_0dte
