🚨 Interest rate cut turns into a bearish signal, 110,000 people liquidated $270 million

The Federal Reserve cut interest rates by 25 basis points as expected, but did not release dovish signals, leading the market to directly enact "buy the rumor, sell the fact"! BTC plummeted below $88,000 in response, with ETH, SOL and others following suit, resulting in 115,700 people being liquidated within 24 hours, with a total liquidation amount of $270 million, over 85% of which were long positions, and the largest single ETH contract lost $4.85 million directly. What’s even harsher is that Standard Chartered has halved its BTC target price, from $300,000 down to $150,000, bluntly stating that large holders' purchasing power is saturated, leaving no upward momentum.

⚖️ A great relief! Terra founder sentenced to 15 years for fraud

The epic scam in the cryptocurrency circle has finally met its end! Do Kwon, the founder of the Terra ecosystem, has been convicted of fraud for leading the $40 billion ecosystem collapse and sentenced to 15 years in prison. The dark curtain of secret capital injection to falsely support the market has been completely exposed, and on the day the case broke out, it triggered a liquidation wave of $532 million, ringing the alarm bell for "air coins" speculation once again. $BTC #比特币