It has been a week since I've seen this price level, with a single-day surge of 6.7%. This intensity is almost the strongest since May. The chain reaction came quickly - the derivatives market directly exploded with $312 million in positions, with a killing pace for both longs and shorts.
It's more lively on the ETH side. The Fusaka upgrade hasn't officially launched yet, but the price has already shot up, briefly surpassing 3000 USD, with an increase of nearly 10%. XRP is also not idle, rising by 7.3%. The entire market is like it's been injected with adrenaline.
But thinking calmly, this wave of market movement may not be so simple.
Analysts are all focused on the FOMC meeting at the end of the month. The data provided by the current prediction market is quite interesting - there's a 91% probability of a 25 basis point rate cut. If the Federal Reserve indeed follows this script, the trend for the end of the year will basically be set. After all, liquidity expectations are there, and the market, no matter how weak, has to follow the rhythm of macro policies.
The ETF capital flow has been quite interesting recently, overall rebounding, but the Ethereum fund saw a slight outflow again on Monday. The long-short game continues, and we need to see how the FOMC will express its stance in the coming days.
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FOMOmonster
· 12-04 16:58
Damn, 90,000 broke and it really wasn't just hype? 300 million liquidated, this time the cut is really brutal.
View OriginalReply0
PanicSeller69
· 12-03 00:53
So what if 90,000 dollars broke? Let's talk after the FOMC comes down with a knife. Those who are high now will have to pay the price.
View OriginalReply0
SandwichVictim
· 12-02 18:50
90,000 dollars has really arrived, but this wave of liquidations makes me suspect it might be a trap... If the FOMC really cuts interest rates, can the liquidity mess be resolved?
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SandwichHunter
· 12-02 18:46
90,000 broke? Another "certainty" market before the FOMC, this time the followers will have to eat bread.
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300 million Get Liquidated, really dare to say both long and short positions got slaughtered, actually just the short positions got wiped out.
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ETH hasn't even launched and it's already at 3000, this is ridiculous, once it's official it's going to crash.
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91% probability of interest rate cuts, is the market really that easy to fool? I don't believe this rise before the FOMC.
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A single day 6.7% broke 90,000, feels like this market is a bit fragile...
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XRP rose 7.3%, just following the trend, when will it have its own story.
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The derivation market exploded, so many people got liquidated, indicating that suckers are entering a position again.
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Liquidity expectations set? Then just wait to be played for suckers.
View OriginalReply0
LiquidityLarry
· 12-02 18:43
90,000 dollars broke, 300 million got liquidated, this is the power of macro expectations. The FOMC knife hasn't even dropped yet, and the market is already self-excited.
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Short positions are really miserable, a wave flattened them. By the way, can this rebound hold until December?
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ETH is really quick to ride the hype, the upgrade news hasn't even landed and the price has already skyrocketed. When it really goes live, will it be chase the price or dumping?
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No matter how well the liquidity story is told, the scariest thing is if the FOMC throws a surprise, then this 300 million is just an appetizer.
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The strongest rise since May is only 6.7%? Last year at this time, doubling in a day was normal, now we have to thank Fed daddy.
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XRP also rose with the trend, it seems the crypto world is still living off macro, fundamentals have to step aside.
View OriginalReply0
FunGibleTom
· 12-02 18:39
90000 broke but 300 million Get Liquidated... Is this digging a pit or really To da moon?
View OriginalReply0
MetaverseHomeless
· 12-02 18:38
Here we go again, being played for suckers, 300 million get liquidated, not sure which guys are gone again.
View OriginalReply0
MoneyBurnerSociety
· 12-02 18:37
It's this trap again, the crazy play people for suckers on the eve of the FOMC
The 300 million liquidated are all my comrades, stable losses mean stable contributions.
BTC突破9万美元单日 big pump 6.7%, 3亿美元 Position 被清算, 市场都在等FOMC这一刀
[币界] BTC has directly surged past 90,000 dollars.
It has been a week since I've seen this price level, with a single-day surge of 6.7%. This intensity is almost the strongest since May. The chain reaction came quickly - the derivatives market directly exploded with $312 million in positions, with a killing pace for both longs and shorts.
It's more lively on the ETH side. The Fusaka upgrade hasn't officially launched yet, but the price has already shot up, briefly surpassing 3000 USD, with an increase of nearly 10%. XRP is also not idle, rising by 7.3%. The entire market is like it's been injected with adrenaline.
But thinking calmly, this wave of market movement may not be so simple.
Analysts are all focused on the FOMC meeting at the end of the month. The data provided by the current prediction market is quite interesting - there's a 91% probability of a 25 basis point rate cut. If the Federal Reserve indeed follows this script, the trend for the end of the year will basically be set. After all, liquidity expectations are there, and the market, no matter how weak, has to follow the rhythm of macro policies.
The ETF capital flow has been quite interesting recently, overall rebounding, but the Ethereum fund saw a slight outflow again on Monday. The long-short game continues, and we need to see how the FOMC will express its stance in the coming days.