1,000 Bitcoin Millionaires Vanish Daily, Altcoins & NFTs Explode, Hackers Strike! (Sep 28–29, 2025)
Key Facts:
- Bitcoin bloodbath: Crypto researcher Glassnode reports ~7,700 addresses holding ≥$1M in Bitcoin disappeared between Sept 22–26 (≈1,100 per day), as BTC slid from ~$116K to ~$109K [1]. The market lost ~$150–$300B that week (mostly on Bitcoin and Ethereum), and institutional Bitcoin ETF inflows flipped to outflows [2] [3].
- Altcoin pump: After the dip, many top altcoins jumped 3–4% on Sept 29, fueled by massive short-liquidations (≈$260M of Bitcoin shorts closed, ~$345M total) [4] [5]. Decrypt reports that Solana, Dogecoin, Cardano, Ethereum, and XRP led the gains, and analyst Shivam Thakral (BuyUcoin) notes a “Bitcoin uptick” triggered short-covering that “amplified prices for altcoins.” He predicts traders…
