Last night, the entire crypto market went into meltdown mode 😱 — and here’s the real reason behind the chaos 👇
💣 Over $1.2 BILLION got liquidated in just 24 hours — with more than 88% being long positions!
💀 Bitcoin ($BTC) alone faced over $25M in liquidations, while spot ETFs saw massive $480M outflows, the biggest in weeks!
Many traders were confused: “Wait, didn’t the Fed cut rates? Shouldn’t that pump the markets?” 🚀
Well… not this time. Here’s what really happened 👇
🕑 At 2:30 AM, Fed Chair Jerome Powell dropped a shocker during his statement:
> “This rate cut is a preventive adjustment, not the start of an easing cycle.”
He also warned that the ongoing U.S. government shutdown could delay critical data — meaning no confirmation of another rate cut in December. ❌
That one comment instantly flipped sentiment. Traders who were expecting two cuts this year — October and December — suddenly lost confidence. 😩
The result?
❄️ Risk assets froze.
📉 $BTC broke below $106K.
📊 ETF outflows triggered panic selling across altcoins.
But here’s the good news 💡👇
As long as Bitcoin holds the $105K–$106K support zone, there’s room for a technical rebound. 🔄
🧭 Watch ETF flows closely — they’re the new heartbeat of the crypto market.
Institutional inflows = green light 🟢
Continued outflows = red alert ⚠️
Don’t get shaken out when it matters most. The market is testing conviction — not killing opportunity. 💪
Stay focused, stay strong, and remember… every dip builds the next breakout! 🚀
#CryptoCrash
#BitcoinUpdate #PowellSpeech #ETFFlow #MarketAlert #BinanceSquare