🚨 Crypto Heat Check – August 19
• Bitcoin & Ethereum dip as rate-cut hopes fade. #BTC hovers around $114K, while #ETH slides ~0.7% to $4,150.
• Macro spotlight: Stronger-than-expected U.S. data dims Fed’s dovish outlook, and Treasury confirms no extra BTC holdings acquisition.
• Liquidations pile up: Over $270M wiped out in 24 hrs $170M in ETH longs, signaling a sharp unwind.
• ETF outflows surge: BTC ETFs lost ~$122M, ETH ETFs ~$196M, shaking investor confidence.
• Market breadth shows stress: Most coins red, but BNB, XRP, ADA manage small gains rotational play underway.
• Eyes on Jackson Hole: Powell’s speech could set the next crypto trajectory.
Will ETH bounce back and reclaim its momentum once Fed clarity arrives?
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