Powell is not a pump
if you think that you will be disappointed it's much less dovish than expected
drop yes but wait and see inflation taken into account! reread the speech
MeowAlert
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đą Whales Cashed Out, Shrimp Holding the Bags? $BTC $116K & $ETH $4.6K After Powellâs Pump
The market lit up right after Powellâs Jackson Hole speech, with Bitcoin snapping back to around $116k and Ethereum climbing to $4.6k. Altcoins like $XRP , Solana, and Doge also joined the rebound, and at first glance it looks like a strong move fueled by Powell hinting at possible future rate cuts. That kind of talk always sparks optimism in risk assets like crypto.
But when you look closer, the picture shifts. Traders had already priced in volatility ahead of the speech, bracing for about a 2% swing either way. On-chain data shows Bitcoinâs âsupply in profitâ cooling from near 100% at the highs to around 92%, while XRP slipped in a similar way. Ethereum held up better with about 96% still in profit, thanks to steady institutional demand, which helped drive its stronger bounce.
For me, this rebound feels less like a fresh breakout and more like a classic whale trap. Big players were unloading into weakness before the speech, then let the dovish hints trigger a relief pump. Now smaller investors are chasing green candles, while whales already walked away with profits. If momentum doesnât build from here, this pump could fade just as quickly as it came.
The market lit up right after Powellâs Jackson Hole speech, with Bitcoin snapping back to around $116k and Ethereum climbing to $4.6k. Altcoins like $XRP , Solana, and Doge also joined the rebound, and at first glance it looks like a strong move fueled by Powell hinting at possible future rate cuts. That kind of talk always sparks optimism in risk assets like crypto.
But when you look closer, the picture shifts. Traders had already priced in volatility ahead of the speech, bracing for about a 2% swing either way. On-chain data shows Bitcoinâs âsupply in profitâ cooling from near 100% at the highs to around 92%, while XRP slipped in a similar way. Ethereum held up better with about 96% still in profit, thanks to steady institutional demand, which helped drive its stronger bounce.
For me, this rebound feels less like a fresh breakout and more like a classic whale trap. Big players were unloading into weakness before the speech, then let the dovish hints trigger a relief pump. Now smaller investors are chasing green candles, while whales already walked away with profits. If momentum doesnât build from here, this pump could fade just as quickly as it came.
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