Crypto Frenzy: Bitcoin Breaks $124,000! 100,000 People Liquidated Overnight
1. Historic Breakthrough
- Bitcoin Soars: On August 14, it surged to $124,400, with a market cap surpassing Google to become the fifth largest asset globally ($2.46 trillion).
- Online Surge: Ethereum broke $4,743 (just 3% away from its all-time high), Cardano jumped 13% in a single day, SOL rose over 5%, and the Layer 2/Meme sector led the gains.
2. Bloody Leveraged Liquidations
- Over 100,000 Liquidated: In 24 hours, the total contract liquidations across the network reached $429 million, with short positions accounting for 66% ($283 million), the largest single liquidation hitting $10 million.
- Bearish Crisis: If Ethereum hits a new high, $1.66 billion in short positions will face forced liquidation.
3. Trillion-Dollar Market Cap and Capital Frenzy
- Total Market Cap Surpasses $4.2 Trillion, a 67% Surge since Trump's Expected Victory in 2024.
- Giants Enter the Arena:
✅ Bullish Exchange NYSE Listing: Soared 83% on the first day, holding 24,300 BTC + 12,600 ETH (total reserves over $3 billion).
✅ 401(k) Retirement Funds Open to Crypto Investments: Trump's executive order ignited institutional entry expectations, benefiting BlackRock and Fidelity.
✅ MetaMask Launches Stablecoin mUSD: A 30 million user ecosystem could disrupt the stablecoin landscape.
🚨 Trump Storm: Forceful 'Liberation of the Capital' + Interest Rate Cuts Challenge Fed
1. Washington D.C. 'Liberation Day' Action
- Takeover of Police Powers + Deployment of Troops: Invoking the 'Local Autonomy Act' to declare a state of emergency in the capital, deploying 800 National Guards to combat crime, threatening to 'expel all homeless people.'
- Intense Local Resistance: Washington Mayor Bowser criticized this move as 'an expansion of federal power', emphasizing that crime rates have already dropped by 26%.
2. Interest Rate Cut Tensions Heat Up
- Openly Pressuring Powell: On August 12, he posted demanding 'immediate rate cuts to 1%', threatening to support a lawsuit against the Fed chair, denouncing him as 'incompetent and too slow to act.'
- Market Betting on 100% Probability: Rate cut expectations for September are rising, swap contracts indicate a potential cut of 62 basis points this year.
3. Compromise on Tariff Cliff
- U.S.-China Tariff Suspension for 90 Days: Signed at the last moment to delay tax increases, but leaving rare earth exports, AI chip restrictions, and other negotiation chips.
- Gold Intervention Controversy: Sudden remarks 'no tax on gold' caused gold prices to flash crash by 3%, exposing policy volatility.
🔥 Hot List Potential Points: The Interweaving of Conflict and Wealth
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