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💥 Is the Ethereum upgrade in December the key to breaking the deadlock under the double blow of the crypto market?
Last night, the hawkish remarks from the Federal Reserve ignited market turbulence, leading to a "bloodbath" collapse across the cryptocurrency sector, with Bitcoin plummeting to $89,000, a drop of over 5% within 24 hours, nearly erasing its gains for the year. The fear index has fallen to a freezing point of 13, with the total liquidation amount exceeding $800 million, causing significant losses for many traders.
This collapse is not a coincidence, but rather an inevitable result of three overlapping negative factors:
First, institutions are collectively withdrawing, with cryptocurrency ETFs experiencing a net outflow of over $2 billion for five consecutive days, showing no mercy in their selling.
Second, the expectation of interest rate cuts has completely evaporated, as the Federal Reserve maintains its hawkish stance and refuses to relent. Not only cryptocurrencies but also risk assets like gold are facing sell-offs, leading to a widespread downturn.
Third, the leverage liquidation has triggered a "death spiral," with a cascade of long position liquidations further spreading market panic.
From a technical perspective, all key moving averages have been breached, and a bearish pattern has officially formed; the RSI indicator has flattened at 25, having entered the oversold zone, but bottom-fishing signals have yet to appear; after breaking the key support level of $90,000 to $92,000, the next support level looks directly toward $85,000, indicating significant downward pressure in the short term.
Currently, the crypto market faces three major vulnerabilities: liquidity has decreased by 30% since the beginning of the year, increasing the risk of spikes; policy uncertainty continues to loom, with regulatory pressures mounting; and panic sentiment has yet to dissipate. For the market to rebound in the short term, it must first stabilize at the key level of $93,000.
More critically, the internal divisions within the Federal Reserve have further exacerbated market uncertainty. Powell previously dropped a "depth charge," clearly stating that a rate cut in December is far from a done deal, directly extinguishing the market's fervent expectations for a rate cut; meanwhile, Governor Waller holds the opposite view, firmly supporting a 25 basis point cut in December, warning that the job market is on the verge of stalling. The contrasting statements of these two core figures highlight the severe internal divisions within the Federal Reserve.
However, crises often conceal opportunities. Amid a pervasive market slump, the Ethereum upgrade in December has become a point of anticipation, and early positioning may seize the advantage. The crypto market in 2025 is experiencing a sharp decline, undergoing a dual cleansing with regulation. How to find certainty amid uncertainty tests the wisdom of every investor.
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
💥 Is the Ethereum upgrade in December the key to breaking the deadlock under the double blow of the crypto market?
Last night, the hawkish remarks from the Federal Reserve ignited market turbulence, leading to a "bloodbath" collapse across the cryptocurrency sector, with Bitcoin plummeting to $89,000, a drop of over 5% within 24 hours, nearly erasing its gains for the year. The fear index has fallen to a freezing point of 13, with the total liquidation amount exceeding $800 million, causing significant losses for many traders.
This collapse is not a coincidence, but rather an inevitable result of three overlapping negative factors:
First, institutions are collectively withdrawing, with cryptocurrency ETFs experiencing a net outflow of over $2 billion for five consecutive days, showing no mercy in their selling.
Second, the expectation of interest rate cuts has completely evaporated, as the Federal Reserve maintains its hawkish stance and refuses to relent. Not only cryptocurrencies but also risk assets like gold are facing sell-offs, leading to a widespread downturn.
Third, the leverage liquidation has triggered a "death spiral," with a cascade of long position liquidations further spreading market panic.
From a technical perspective, all key moving averages have been breached, and a bearish pattern has officially formed; the RSI indicator has flattened at 25, having entered the oversold zone, but bottom-fishing signals have yet to appear; after breaking the key support level of $90,000 to $92,000, the next support level looks directly toward $85,000, indicating significant downward pressure in the short term.
Currently, the crypto market faces three major vulnerabilities: liquidity has decreased by 30% since the beginning of the year, increasing the risk of spikes; policy uncertainty continues to loom, with regulatory pressures mounting; and panic sentiment has yet to dissipate. For the market to rebound in the short term, it must first stabilize at the key level of $93,000.
More critically, the internal divisions within the Federal Reserve have further exacerbated market uncertainty. Powell previously dropped a "depth charge," clearly stating that a rate cut in December is far from a done deal, directly extinguishing the market's fervent expectations for a rate cut; meanwhile, Governor Waller holds the opposite view, firmly supporting a 25 basis point cut in December, warning that the job market is on the verge of stalling. The contrasting statements of these two core figures highlight the severe internal divisions within the Federal Reserve.
However, crises often conceal opportunities. Amid a pervasive market slump, the Ethereum upgrade in December has become a point of anticipation, and early positioning may seize the advantage. The crypto market in 2025 is experiencing a sharp decline, undergoing a dual cleansing with regulation. How to find certainty amid uncertainty tests the wisdom of every investor.
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