Powell speaks, the crypto world is on high alert! Sleepless night on Friday locked in early

Key reminder! The Jackson Hole annual meeting is approaching, and Powell will deliver what could be the 'final key' speech this Friday. Wall Street is already on edge—someone bet $10 million on options, wagering a 50 basis point rate cut in September! If the bet is right, raking in $100 million overnight is no empty talk.

The core logic is straightforward:

- If the stance is dovish (signals a rate cut and easing) → funds flow into high-risk assets → BTC and ETH are likely to rise;

- If the stance is hawkish (emphasizes continued anti-inflation) → risk assets come under pressure → Crypto will also struggle to stand out.

'Smart money' has quietly activated a defensive mode, with neutral positions significantly increased—fearing that the market may 'turn' following the speech.

Advice for ordinary people: Don't blindly go all-in; maintaining spare cash and strictly controlling positions is key. This Friday is destined to be a sleepless night for the crypto world, and the market is likely to fluctuate with Powell's 'words.' Are you ready?