The Fed’s hawkish stance strikes the market: Bitcoin under pressure and plunges sharply, with liquidation across the entire network surpassing $450 million
【News Report】 In its latest interest-rate decision meeting, the U.S. Federal Reserve (Fed) issued hawkish signals that exceeded market expectations. It not only suggested that the rate-cut path will narrow further, but also took a hard line on the stickiness of inflation. Hit by these macro tightening sentiments, the cryptocurrency market was the first to feel the impact. Bitcoin (BTC) quickly fell below a key support level, triggering a domino-like wave of long position liquidations across global derivatives markets.
1. Sudden shift in the macro backdrop: the Fed delivers hawkish signals as rate-cut expectations narrow
At this highly watched Fed rate meeting, although the interest rate was kept unchanged in line with market expectations, the policy statement and officials’ remarks that followed were especially “hawkish.” The Fed Chair and several officials reiterated that, given recent economic data indicating inflation remains resilient, monetary policy must maintain a relatively tight stance for a longer period (Higher for Longer) to ensure inflation steadily moves toward the 2% long-term target.
This statement completely shattered the market’s earlier optimistic expectations that an easing policy would quickly return. U.S. Treasury yields jumped in response, the U.S. dollar strengthened, and it directly exerted a strong squeeze on global high-risk assets—including cryptocurrencies and U.S. tech stocks.
2. A purge in the crypto market: Bitcoin plunges, with more than 130,000 people liquidated
Faced with these macro headwinds, the cryptocurrency market rapidly triggered a sell-off wave:
* Sharp decline in Bitcoin: After the decision was released, the top coin BTC was hit hard by bears. The price slid lower all the way, breaking through multiple major integer levels. It briefly dropped to around $70,500, marking a relatively large pullback in the recent range.
* Large-scale contract liquidations: According to statistics, in the past 24 hours, the number of people liquidated across the entire crypto network exceeded 135,000, and the total liquidation amount reached $452 million. Among them, because many market participants had still been betting on the continuation of the trend, long positions were brutally wiped out—accounting for as much as 84% of the total liquidations.
* Major coins drag down together: In addition to Bitcoin, most mainstream altcoins were also under pressure and moved lower. Fear and wait-and-see sentiment were widespread, and the Fear & Greed Index temporarily fell into a fear-leaning range.
$BTC
#美联储9月加息概率升至57%
【News Report】 In its latest interest-rate decision meeting, the U.S. Federal Reserve (Fed) issued hawkish signals that exceeded market expectations. It not only suggested that the rate-cut path will narrow further, but also took a hard line on the stickiness of inflation. Hit by these macro tightening sentiments, the cryptocurrency market was the first to feel the impact. Bitcoin (BTC) quickly fell below a key support level, triggering a domino-like wave of long position liquidations across global derivatives markets.
1. Sudden shift in the macro backdrop: the Fed delivers hawkish signals as rate-cut expectations narrow
At this highly watched Fed rate meeting, although the interest rate was kept unchanged in line with market expectations, the policy statement and officials’ remarks that followed were especially “hawkish.” The Fed Chair and several officials reiterated that, given recent economic data indicating inflation remains resilient, monetary policy must maintain a relatively tight stance for a longer period (Higher for Longer) to ensure inflation steadily moves toward the 2% long-term target.
This statement completely shattered the market’s earlier optimistic expectations that an easing policy would quickly return. U.S. Treasury yields jumped in response, the U.S. dollar strengthened, and it directly exerted a strong squeeze on global high-risk assets—including cryptocurrencies and U.S. tech stocks.
2. A purge in the crypto market: Bitcoin plunges, with more than 130,000 people liquidated
Faced with these macro headwinds, the cryptocurrency market rapidly triggered a sell-off wave:
* Sharp decline in Bitcoin: After the decision was released, the top coin BTC was hit hard by bears. The price slid lower all the way, breaking through multiple major integer levels. It briefly dropped to around $70,500, marking a relatively large pullback in the recent range.
* Large-scale contract liquidations: According to statistics, in the past 24 hours, the number of people liquidated across the entire crypto network exceeded 135,000, and the total liquidation amount reached $452 million. Among them, because many market participants had still been betting on the continuation of the trend, long positions were brutally wiped out—accounting for as much as 84% of the total liquidations.
* Major coins drag down together: In addition to Bitcoin, most mainstream altcoins were also under pressure and moved lower. Fear and wait-and-see sentiment were widespread, and the Fear & Greed Index temporarily fell into a fear-leaning range.
$BTC
#美联储9月加息概率升至57%
