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Showing posts with the label longs

Jim Cramer slams crypto and gold as Bitcoin erases $1B in longs

Jim Cramer returned to X on September 22, warning about what he called the “endless rally of speculation” across gold, crypto, and profitless companies. The post came just hours after one of the sharpest market shakeouts in weeks. I would like to see a pause in the endless rally of speculation, gold. crypto and profitless companies — Jim Cramer (@jimcramer) September 22, 2025 The crypto market was hit particularly hard. In less than 20 minutes, over $1 billion worth of Bitcoin long positions were liquidated as low-liquidity conditions during the Sunday night session triggered a sudden drop. As often happens in these time frames, thin order books amplified the sell-off, creating a washout across the digital asset space. Crypto community is confused Virtually all top-ten cryptocurrencies turned red over the past week, with the sole exception of BNB, which has continued to defy the broader pullback. XRP, Ethereum, and Bitcoin all posted multi-day lows, sparki...