The large order accumulation area at 117,638 USD in the early morning has become a noose, and a warning from Federal Reserve officials has left the entire crypto world trembling!
Federal Reserve's Goolsbee dropped a bomb late at night! Just last night (July 11), this core voting member bluntly stated that 'the latest tariff threats may delay interest rate cuts,' instantly shattering the market's fantasy of a rapid pivot by the Federal Reserve in July. Combined with real-time market data, Bitcoin has formed a terrifying selling pressure wall at 117,638 USD, with sell orders looming like dark clouds, and the continuous negative order ratio shows that short sellers are sharpening their knives.
Explosive interpretation: Tariffs, interest rate cuts, and the life-and-death struggle in the crypto world
Federal Reserve's 'hawk' echoes globally
Goolsbee is no ordinary official—being a voting member of the FOMC for 2025, his remarks represent the will of the core decision-making body. The escalation of the tariff war will directly push up US inflation, forcing the Federal Reserve to keep interest rates 'higher for longer.' The CME FedWatch tool shows that the probability of a rate cut in July has plummeted from 68% to 35%, the dollar index surged, and risk assets are bleeding profusely!
On-chain data reveals a death signal
Focus on the core orders provided by users: A huge accumulation of sell orders at 117,638 USD has formed a pressure akin to a mountain. An order ratio of -0.40% verifies the bearish dominance, while the support at 117,000 USD is as thin as a cicada's wing. More terrifyingly, the 117,638 area frequently sees large transactions at the 50k level, clearly indicating that institutions are unloading heavily!
Historical script replay? The nightmare of 2022 reappears
When the ghost of high interest rates reappears, the crypto market will inevitably be the first to bear the brunt. Remember how Bitcoin plummeted 65% when the Federal Reserve aggressively raised interest rates in 2022! Now, with leverage at $37.8B, once the 117k defense line is breached, a chain reaction of liquidations will trigger a snowball effect in the decline!
Blood and tears warning: Retail investors must act immediately
117,638 USD is the dividing line between bulls and bears: If a breakthrough seems impossible, decisively reduce positions and guard against panic selling!
Keep a close eye on tonight's US PPI data: If inflation exceeds expectations again, the hopes for interest rate cuts will be completely shattered, and the crypto world may face its darkest hour!
Do not bottom-fish during a sharp decline: History proves that 'catching a falling knife' = suicide; reserve ammunition and wait for a clear signal of a shift from the Federal Reserve!
Chicago University economist Murphy warns: 'The tariff bullets are loaded, and Wall Street is frantically hedging risks.' As Federal Reserve officials personally tear up the interest rate cut script, the crypto party has entered the countdown—either flee or fight to the death!
Is the market battle too brutal? Say goodbye to solo fighting! The Iron Hawk top think tank only accepts crazy ambitious orders!
$BTC