Over 585 million yuan long positions were washed out; BTC holds at 75.8k: the silence before the eve of the FOMC
📍 Liquidations are the main thread; longs take the hardest hit
Over the past 12h, the total liquidations across the entire market reached 585 million yuan, with longs accounting for 498 million (over 85%), and BTC+ETH together taking nearly 70%. This isn’t a trend collapse—it’s that highly leveraged longs were precisely wiped out after the bill stalled and U.S. Treasuries hit 5%.
📍 Candlesticks are holding, but selling pressure hasn’t faded
BTC is at 75,884 (24h -2.28%). The 4-hour SAR (78,636) continues to suppress price, and the placed buy orders are only 13.7%. ETH is at 2,403 (24h -3.83%). SAR (2,578) is suppressing it too, with placed buy orders at 23.2%. It looks like support is being held at the lows, but the bid is extremely weak—74,00/2,358 are the bottom lines.
📍 Macros are tightening the rope; the fate is decided at dawn
CLARITY didn’t pass, oil is at 106, yields are up to 5%, and liquidity is tightening. The early-morning FOMC rate hike of 25bp has already been priced in; the real wildcard is Warsh’s wording: a hawkish tone could point to 72k/2,250, while a dovish tone means “bad news is done” and a relief bounce.
📍 What I think
After the leverage is blown out, the supply of floating positions is reduced, but the chart hasn’t reversed. Don’t catch falling knives before the FOMC. If it breaks down, watch the volume; if it doesn’t, watch the show. Did you hold on today—or did you get washed out?
BTC ETH
📍 Liquidations are the main thread; longs take the hardest hit
Over the past 12h, the total liquidations across the entire market reached 585 million yuan, with longs accounting for 498 million (over 85%), and BTC+ETH together taking nearly 70%. This isn’t a trend collapse—it’s that highly leveraged longs were precisely wiped out after the bill stalled and U.S. Treasuries hit 5%.
📍 Candlesticks are holding, but selling pressure hasn’t faded
BTC is at 75,884 (24h -2.28%). The 4-hour SAR (78,636) continues to suppress price, and the placed buy orders are only 13.7%. ETH is at 2,403 (24h -3.83%). SAR (2,578) is suppressing it too, with placed buy orders at 23.2%. It looks like support is being held at the lows, but the bid is extremely weak—74,00/2,358 are the bottom lines.
📍 Macros are tightening the rope; the fate is decided at dawn
CLARITY didn’t pass, oil is at 106, yields are up to 5%, and liquidity is tightening. The early-morning FOMC rate hike of 25bp has already been priced in; the real wildcard is Warsh’s wording: a hawkish tone could point to 72k/2,250, while a dovish tone means “bad news is done” and a relief bounce.
📍 What I think
After the leverage is blown out, the supply of floating positions is reduced, but the chart hasn’t reversed. Don’t catch falling knives before the FOMC. If it breaks down, watch the volume; if it doesn’t, watch the show. Did you hold on today—or did you get washed out?
BTC ETH
