Powell delivers a decisive blow, ETH bleeds profusely!

In the early hours of June 21, Federal Reserve Chair Powell made a significant statement:

There is no rush to cut interest rates, and we cannot ignore the inflation risks brought about by tariffs. This is not just empty talk; it effectively delivers a death sentence to the cryptocurrency market!

ETH was the first to crash, dropping to a low of around 2363, with Coinglass heatmap showing a liquidation intensity of 47.31 million at 2433!

In just a few hours, the bears struck swiftly, wiping out the entire market.

Once the news broke, market sentiment dominated everything, and the only strategy was - cut losses in time, prioritize survival!

The market rhythm is a typical "first kill the longs, then kill the shorts, the operators harvest both sides of the retail traders."

If you can't understand the heatmap, and don't comprehend how news impacts market rhythm, don't stubbornly hold on, struggling to survive; you'll lose everything.

When it's time to cut rates but they don’t, and when it's time to cut losses but you don’t - what you lose is not just money, but your understanding!

At this stage of the market, it's no longer suitable for reckless heavy positions; what is needed is strategy + judgment + execution.