According to @MilkRoadDaily, crypto markets saw about 1.7 billion in liquidations with over 500 million from ETH, representing more than 30 percent of the total, source: @MilkRoadDaily on X, Sep 22, 2025. According to @MilkRoadDaily, ETH is leading the pullback rather than BTC, which they state is another sign the market is deep in altcoin season, source: @MilkRoadDaily on X, Sep 22, 2025.