💥 BLOOD BATH: 800 MILLION USD LONG POSITION LIQUIDATED AS FED DOUSES COLD WATER!
The crypto market just witnessed one of the most brutal liquidation events in months, with nearly 800 million USD in long positions wiped out in just a few hours.
This sell-off, following the "sell-the-news" scenario, was triggered immediately after the Federal Reserve (FED) made cautious comments.
🔹 Huge liquidations: Nearly 800 million USD in long orders evaporated, a testament to the extremely high leverage being used in the market.
🔹 FED's catalyst: The FED's cautious comments dashed hopes of an early monetary policy easing, prompting investors in risk assets to sell off en masse.
🔹 "Sell The News" scenario: The market had rallied ahead of the meeting in anticipation of good news. When the news did not meet expectations, a wave of profit-taking and sell-offs occurred immediately.
🔹 The entire market in a bloodbath: The crash led to a sharp decline across the board, from $BTC to most major altcoins.
The Takeaway:
This event serves as a brutal reminder of the FED's power over the crypto market. High leverage amplified volatility, turning the agency's caution into a bloodbath for the bulls.
Always manage leverage. Setting stop-losses is the key to survival during sensitive macro news periods.
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