Rate Cut Hype Just Vaporized 289 Million
The entire market is front-running the Fed. The 90% certainty of a rate cut has flipped the risk-on switch, sending $BTC soaring past $94,000. This move is fueled by more than just short-term speculation; it is driven by structural validation.
While $BTC targets the critical $95,000 resistance, the real story is institutional. The CFTC’s new pilot program allowing $BTC and $ETH to be used as collateral in derivatives accelerates institutional integration, proving digital assets are becoming permanent fixtures in traditional finance.
The immediate consequence of this macro-plus-policy alignment was pure market violence. Over $289 million in short positions were annihilated in four hours. This cleansing event, coupled with massive liquidity expectations from the Fed, is setting the stage for the Q4 rally. The path to six figures is opening up.
This is not financial advice.
#CryptoMarket #FOMC #BTC #Liquidity #Macro
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