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ETH
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🔥「Sell the News」massacre reappears! The Federal Reserve cuts interest rates by 25 basis points, Bitcoin briefly breaks 94,500 before crashing, 3.8 billion dollars in long positions liquidated in 24 hours, the dream of 100,000 by the end of the year shattered, is the bottom of 84,000 dollars coming?🔥
The Federal Reserve cut rates by 25 basis points as expected on December 11, causing Bitcoin to briefly surge to 94,500 dollars, and the market was still cheering for the 'interest rate cut bull market,' but it flipped instantly! In just 24 hours, long positions were liquidated up to 3.8 billion dollars, while shorts were only 1.38 billion, a classic domino effect of long liquidation played out, retail investors chasing highs were directly buried!
FxPro analyst Alex Kuptsikevich hit the nail on the head: although a local high was reached, the total market cap is stuck at 3.32 trillion dollars, with no new funds entering, this is just a battle of chips within the market, above 90K is purely a trap for bulls! Two attempts to test 94,000 dollars failed, leveraged players were forced to liquidate, causing a bloodbath!
What's even harsher is that this time is a textbook-level 'hawkish rate cut': the dot plot directly reduces the number of rate cuts in the next two years, Trump's fiscal expansion has pushed up inflation, and the Fed's attitude has turned hawkish! QCP Capital reports warn: liquidity is decreasing, positions are imbalanced, Bitcoin will oscillate between 84,000 and 100,000 dollars, and the momentum for one-sided trends is dead!
The global crypto market cap has plummeted to 3.16 trillion dollars, Ethereum's neckline shoulder pattern target of 3700 dollars has been dragged down by Bitcoin's retreat of buying interest, high Beta coins like Dogecoin and Solana have all collapsed, and risk appetite has instantly hit rock bottom! Bloomberg strategist Mike McGlone has boldly stated: if liquidity continues to shrink, the 'Christmas market is rotten' may be absent, and Bitcoin cannot be ruled out to drop directly to 84,000 dollars!
Brothers, the dream of hitting 100,000 by the end of the year has been cut off by the Federal Reserve, and now even holding 90,000 is precarious! If you are still stubbornly holding leverage, wake up quickly, this wave is not a washout, it is a real. massacre! Is the 84K bottom still far away?
#加密市场观察
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
The Federal Reserve cut rates by 25 basis points as expected on December 11, causing Bitcoin to briefly surge to 94,500 dollars, and the market was still cheering for the 'interest rate cut bull market,' but it flipped instantly! In just 24 hours, long positions were liquidated up to 3.8 billion dollars, while shorts were only 1.38 billion, a classic domino effect of long liquidation played out, retail investors chasing highs were directly buried!
FxPro analyst Alex Kuptsikevich hit the nail on the head: although a local high was reached, the total market cap is stuck at 3.32 trillion dollars, with no new funds entering, this is just a battle of chips within the market, above 90K is purely a trap for bulls! Two attempts to test 94,000 dollars failed, leveraged players were forced to liquidate, causing a bloodbath!
What's even harsher is that this time is a textbook-level 'hawkish rate cut': the dot plot directly reduces the number of rate cuts in the next two years, Trump's fiscal expansion has pushed up inflation, and the Fed's attitude has turned hawkish! QCP Capital reports warn: liquidity is decreasing, positions are imbalanced, Bitcoin will oscillate between 84,000 and 100,000 dollars, and the momentum for one-sided trends is dead!
The global crypto market cap has plummeted to 3.16 trillion dollars, Ethereum's neckline shoulder pattern target of 3700 dollars has been dragged down by Bitcoin's retreat of buying interest, high Beta coins like Dogecoin and Solana have all collapsed, and risk appetite has instantly hit rock bottom! Bloomberg strategist Mike McGlone has boldly stated: if liquidity continues to shrink, the 'Christmas market is rotten' may be absent, and Bitcoin cannot be ruled out to drop directly to 84,000 dollars!
Brothers, the dream of hitting 100,000 by the end of the year has been cut off by the Federal Reserve, and now even holding 90,000 is precarious! If you are still stubbornly holding leverage, wake up quickly, this wave is not a washout, it is a real. massacre! Is the 84K bottom still far away?
#加密市场观察
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.