$龙虾 $TUT $FF Federal Reserve Chair Powell’s hawkish debut at Jackson Hole poured a bucket of cold water on the crypto market, which has recently been driven by liquidity expectations. Its core impact can be summarized as: short-term risk appetite is dampened, but the long-term narrative logic has not broken.
📉 Short term: Hawkish signals spark market turbulence
Powell clearly stated that controlling inflation remains the top priority and bluntly said PCE inflation (3.7%) is far above the 2% “fixed target.” He not only refused to commit to rate cuts, but also emphasized that current financial conditions are not tightening—directly shattering the market’s fantasy of a dovish policy shift.
· The market votes with its feet: After the speech, the probability of a September rate hike surged from 35% to nearly 60%. Crypto fell on the news—Bitcoin dropped more than 3% in 24 hours, slipping from the $80,000 level to around $77,800. Ethereum and XRP also fell by about 2.7% and 4.89%, respectively.
· Bulls get wiped out: Over the past 24 hours, the amount liquidated from net long positions across the entire crypto market reached as much as $350 million, and market sentiment instantly swung toward risk aversion.
🔍 Long term: Opportunities and challenges under a new paradigm
Although the short term is under pressure, Powell’s speech plants long-term seeds for crypto:
· Goodbye to “Fed bearish options”: Powell explicitly said forward guidance is “beyond its scope of application,” meaning the market can no longer rely on Federal Reserve commitments. In the future, coin prices will reflect actual economic data and liquidity expectations more closely, and volatility may increase.
· Potential upside from a new AI narrative: Powell spent a large portion discussing AI, viewing it as “a new factor of production.” Because AI is deeply integrated with crypto in areas such as computing power and data, strengthening the AI narrative could create fresh long-term imagination for the market.
· Regulatory stance is a key variable: This meeting’s theme focuses on “financial innovation, payments, and policy.” If Powell takes an open stance toward stablecoins and tokenization, the long-term boost could far exceed the effect of monetary policy alone.
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📉 Short term: Hawkish signals spark market turbulence
Powell clearly stated that controlling inflation remains the top priority and bluntly said PCE inflation (3.7%) is far above the 2% “fixed target.” He not only refused to commit to rate cuts, but also emphasized that current financial conditions are not tightening—directly shattering the market’s fantasy of a dovish policy shift.
· The market votes with its feet: After the speech, the probability of a September rate hike surged from 35% to nearly 60%. Crypto fell on the news—Bitcoin dropped more than 3% in 24 hours, slipping from the $80,000 level to around $77,800. Ethereum and XRP also fell by about 2.7% and 4.89%, respectively.
· Bulls get wiped out: Over the past 24 hours, the amount liquidated from net long positions across the entire crypto market reached as much as $350 million, and market sentiment instantly swung toward risk aversion.
🔍 Long term: Opportunities and challenges under a new paradigm
Although the short term is under pressure, Powell’s speech plants long-term seeds for crypto:
· Goodbye to “Fed bearish options”: Powell explicitly said forward guidance is “beyond its scope of application,” meaning the market can no longer rely on Federal Reserve commitments. In the future, coin prices will reflect actual economic data and liquidity expectations more closely, and volatility may increase.
· Potential upside from a new AI narrative: Powell spent a large portion discussing AI, viewing it as “a new factor of production.” Because AI is deeply integrated with crypto in areas such as computing power and data, strengthening the AI narrative could create fresh long-term imagination for the market.
· Regulatory stance is a key variable: This meeting’s theme focuses on “financial innovation, payments, and policy.” If Powell takes an open stance toward stablecoins and tokenization, the long-term boost could far exceed the effect of monetary policy alone.
#沃什称通胀是美联储首要关注 #波场主网激活TVM布拉格大阪兼容 #卡塔尔延长LNG不可抗力一个月 #加州通过法案拟禁官员发行Meme币
