📊 DATA:
Bitcoin slipped below $77K as markets aggressively repriced September rate expectations following Kevin Warsh’s Jackson Hole remarks.
Hike odds reportedly jumped from around 35% to nearly 60%, triggering a sharp deleveraging move across crypto.
💥 Around $488M was liquidated, with leveraged longs taking more than $360M of the damage.
The bigger question now is whether this was just a leverage flush—or the start of a deeper macro-driven correction. 👀
#Bitcoin #BTC #Crypto #CryptoMarket #trading
Bitcoin slipped below $77K as markets aggressively repriced September rate expectations following Kevin Warsh’s Jackson Hole remarks.
Hike odds reportedly jumped from around 35% to nearly 60%, triggering a sharp deleveraging move across crypto.
💥 Around $488M was liquidated, with leveraged longs taking more than $360M of the damage.
The bigger question now is whether this was just a leverage flush—or the start of a deeper macro-driven correction. 👀
#Bitcoin #BTC #Crypto #CryptoMarket #trading
