Why Did Crypto Crash After the Fedโs Rate Cut? ๐ฅ
Hereโs the truth behind the chaos ๐
Last night, the crypto market took another heavy hit ๐ฃ
๐ Over $1.1B liquidated in 24 hours โ and 90% were long positions!
๐ฅ Biggest hit? $BTC โ $21M liquidation, with nearly $500M flowing out of spot ETFs, marking the largest outflow in 2 weeks!
Everyoneโs reaction was the same: โWaitโฆ didnโt the Fed just cut rates?โ ๐ค
Shouldnโt that boost the market? ๐
Well โ the answer lies in Powellโs midnight remarks ๐
๐ฌ At 2:30 AM, Powell dropped a bombshell:
This rate cut was merely a โpreventive adjustmentโ, not the start of an easing cycle.
He even added that because of the government shutdown, key data will be delayed โ
meaning no guarantee of another rate cut in December. โ
That single statement killed the bullish dream ๐ฉ
The market had hoped for โone cut in October, one more in Decemberโ โ the spark for optimism.
Instead, sentiment froze instantly โ๏ธ
With ETF outflows and broken expectations, $BTC got smashed, dragging the whole market down. ๐
๐ก So how deep can this dip go?
Short-term pain is real, but no need to panic just yet.
๐น Support zone: 105Kโ106K remains crucial โ as long as it holds, a rebound is possible.
๐งญ Keep your eyes on ETF capital flows โ theyโve become the new market compass ๐งฒ
Institutional inflows = green light ๐ข
Outflows = selling pressure โ ๏ธ
Stay sharp, stay updated, and donโt get shaken out when it matters most ๐ช
Hold strong, legends! ๐ฆพ
#cryptocrash #BitcoinUpdate #PowellSpeech #MarketAnalysis #ETFFlow