🚨 Wipe out $470 million in one sentence! Waller turns hawkish, 96,000 people get liquidated at dawn—are you still daring to go all-in over the weekend?

Federal Reserve Chair Waller, 100 days in office, makes his Jackson Hole debut—flips the table

His exact words are basically three lines

“Inflation remains too high.” “The Fed’s primary focus should be on prices.” “Otherwise, we still have work to do.”
In plain language: don’t expect rate cuts—rate hikes are already on the table.

The data is right here: PCE year-over-year at 3.7%, annualized 4.1% over the last 6 months—nearly double the 2% target; out of 199 subcomponents, 54% saw gains of more than 3%; inflation has been above target for 65 straight months.

But what’s truly frightening is the market reaction: the probability of a September rate hike jumped from 35% straight to 60%; the 2-year U.S. Treasury yield surged by more than 10 basis points in a single day, hitting a one-month high; gold plunged nearly 3% late at night, breaking below $4,500; Bitcoin fell below 80,000, dumping as low as around 76,845; Ethereum lost the 2,500 level. In the past 24 hours, 96,839 people were liquidated across the whole market, with total losses of $474 million. The bears swung—longs were wiped out in an instant.


Why is one speech so brutal?
First, Waller said the financial conditions are “not really that restrictive”—the closest he’s come since taking office to effectively admitting that a rate hike might be possible. Even former Fed Vice Chair Clarida said that if necessary, he’s already prepared for a hike.

Second, at the July rate decision, three committee members argued for an immediate rate hike—patience inside the FOMC has a limited shelf life.

Third, don’t forget the bigger backdrop: over the past few weeks, Bitcoin has surged from 62,000 to 80,000. The faster it climbs, the more leverage gets stacked—so the washout hurts more.

But don’t panic yet. Spot Bitcoin ETFs have recorded net inflows for 9 straight days; in August they pulled in over $3 billion. BlackRock’s IBIT bought a net $278 million on the day when prices were falling—while retail traders got liquidated while the market was dropping.

My view: the 81,000–82,500 range has repeatedly capped breakouts and failed. In the short term, if it doesn’t reclaim that area, rebounds are opportunities to trim your position. The key support zone is 75,000–70,000. Before the September 15–16 FOMC meeting, don’t bet on direction—manage leverage first.


The Fed sneezes, and the crypto market has to do CPR—this time it isn’t just a sneeze. It’s going straight onto a ventilator.

Do you think there really will be a rate hike in September?👇
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