2 billion USDT raid! Powell hints at rate cuts, will the bears be in trouble?
Last night, the crypto market experienced a night of panic! In just one hour, 2 billion USDT surged into the market, directly stirring the calm waters. Meanwhile, U.S. stocks were in a downward trend, but Ethereum surged against the odds, breaking through the $2,510 mark, undoubtedly giving the bears a warning.
What are the whales up to with the 2 billion USDT raid?
First, 1 billion USDT entered the market unnoticed, and then at 8:09 PM, Tether issued another 1 billion. With such a large influx of funds in a short time, it’s clear that the whales are not just playing around. Historically, when the market sees this kind of large-scale fund movement, it often precedes a trend change, and this time is probably no exception.
Powell sends signals, is the Federal Reserve turning?
There’s even more explosive news ahead. Powell’s latest remarks mentioned that April's PCE data might approach 2.2%, which is nearly touching the threshold for the Federal Reserve's rate cut target. As soon as this was said, the market erupted—it's a clear hint that the Federal Reserve might shift towards easing! If the Federal Reserve cuts rates, the crypto market is likely to welcome a new wave of capital, and will the market then not “take off”?
Bears, don’t be stubborn, be careful of being counter-killed.
Although the issuance of USDT doesn’t necessarily mean the coin price will rise immediately, the whales are clearly confident that the current coin price is “cheap” and a good opportunity. In this sensitive period, blindly shorting is like dancing on the edge of a knife. The market can turn against you faster than you can turn a page, and if you're not careful, the bears could be “rubbed” down by the market.
A big storm is coming, can the bears escape a disaster?
With 2 billion in funds raiding and Powell sending heavy signals, the crypto market is at a critical turning point. The whales’ actions seem to have hinted at future trends in advance. Next, will the bears be instantly “annihilated,” or can they turn the tide against the wind? This grand play has just begun!
