The market continues to fluctuate, Bitcoin remains between 85000 and 93000, the bottom is about to appear. I think this is the time to gradually buy the dip, avoid contracts! The volatility is high!
Today's news: The total market capitalization of cryptocurrencies exceeds $2.94 trillion, with Bitcoin's market share at 58.7% o The U.S. unemployment rate in November is 4.6%, with non-farm employment increasing by 64,000 o Federal Reserve's Bostic: Labor market cooling but economy not showing significant slowdown S&P Global: December PMI initial value shows economic growth is slowing Binance will launch InfraredFinance (IR) exclusive TGE The proportion of cryptocurrency holders in the UK has decreased to 8% of the adult population
BTC fell below 83000, and the global market's "bomb" was triggered by a single number: an 80% probability of a rate hike in Japan, which directly sounded the alarm for a sharp decline! Behind it lies a huge "carry trade" storm. Once Japan raises rates, a $19 trillion yen carry trade will be initiated! The almost zero-interest yen will be borrowed and exchanged for dollars to invest in U.S. stocks and the crypto market. Once the funds flow back, the consequences could be dire!
In the early morning, the Federal Reserve announced another reduction of 25 basis points, bringing the interest rate down to 3.5%-3.75%. The market had long anticipated this step, as the economic signals had become quite clear - employment is slowing, the unemployment rate is quietly rising, and inflation remains high. Under pressure, the Federal Reserve has no choice but to continue taking action.
The contract holdings of CME and CFTC have surged rapidly, with everyone waiting for the interest rate cut tomorrow night—much like a well-prepared harvesting situation. The real key time point is next week: Bank of Japan interest rate hike + US CPI data. If CPI unexpectedly spikes again, it will result in a "high inflation + yen withdrawal" double hit, and volatility might break through the chart!
$BOB The dog dealer is about to run away. Now there are so many more妖币 competing, the hype has already subsided. Looking at that inflated market value, the dog dealer is drooling, why not hurry up and dump the goods??? Wait until the hype completely passes, no one will take over🤭🤭🤭
ETH price fluctuations may trigger large-scale liquidations in CEX
Binance News
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ETH Price Fluctuations May Trigger Massive Liquidations on CEX
According to ChainCatcher, if ETH breaks through $3,163, the cumulative short liquidation intensity of major CEXs will reach $1.141 billion. If ETH falls below $2,865, the cumulative long liquidation intensity of major CEXs will reach $630 million.
The SEC Chairman revealed in a televised broadcast that the "Cryptocurrency Market Structure Bill" is about to be passed. This means that the "regulatory ambiguity" issue that has plagued the industry for years is finally coming to an end. My view: This time is different; it's a reshaping of the rules of the game. The past chaotic situation of "whether it's a security is up to the SEC" is expected to end. The new bill is likely to classify mainstream crypto assets as "digital commodities," subject to CFTC regulation. Exchanges and project parties can work with more peace of mind, marking a fundamental shift.
The path for the Federal Reserve's interest rate cuts remains uncertain. Although the current probability of a rate cut is as high as 87.4%, if the PCE data for September, to be announced on December 5, shows a rebound in inflation, it may force a policy shift. Historical experience shows that silver is 1.8 times more sensitive to interest rate expectations than gold, and policy fluctuations may trigger sharp price volatility.
Federal Reserve! Powell refuses to mention policy, which is even more frightening – the quiet period is often the calm before the storm. If Japan tightens and the US doesn’t loosen, BTC will face a "double kill" situation. Looking at BNB, it has fallen to heartbreak levels. The new official Lina has been parachuted in as the growth director of BSC, but the retail investors are almost all gone, what is there to grow? On-chain projects have fallen below CZ's buying price, and the vulgar penguin has long become a "down-and-out penguin". But don’t panic, the most anxious one is not you – it’s the new official and the exchanges.
Rumors about Powell's 'premature departure' have been circulating wildly in the market. On the eve of his speech on Tuesday, there was a heavy cloud of uncertainty in the market, and everyone was on edge. Powell is the 'anchor' of the Federal Reserve's policies, and his movements are no small matter. If he truly leaves unexpectedly, it would not just be a personal issue; it would have a huge impact on the stability of the U.S. financial system. The risk aversion sentiment in the market is now so intense that it feels like the calm before a storm, ready to erupt at any moment.
Exposed nuclear-level news: Federal Reserve Chairman Powell has submitted his resignation to the White House and will officially step down after an emergency meeting at 7 PM Eastern Time on Monday! (Source: Reuters breaking news, informed sources in Washington revealed)
Powell's speech: This is a top priority. Any dovish signals (such as hints at the end of rate hikes or discussions about conditions for rate cuts) will serve as a strong catalyst for Bitcoin's rise. Hawkish statements will trigger a pullback.
The feeling of significant losses is truly unbearable. To be honest, losing from 1 million to only 150,000 has been a painful year. I used to often hear people say, "Don't be afraid of spot trading." I always thought everything would come back. But after experiencing it for myself, I gradually understood that things have two sides. The phrase "Don't be afraid of spot trading" is both right and wrong. I lost big on a pancake, bought the wrong cryptocurrency, entered at the peak, and didn't understand stop-loss. This is simply a disaster. One mistake leads to another, and it even magnified the greedy nature of humanity. Looking at my hands full of Dogecoin, with the return on investment feeling so distant, I dart back and forth in the square, seeking a little psychological comfort, relieving my struggling and anxious emotions, in hopes of getting through this cold winter... $DOGE $BTC
Williams said: "Current policies remain tight, and there is still room for interest rate cuts in the near term." He is more concerned about the labor market, believing that inflation risks are diminishing. Market expectations for a rate cut in December have skyrocketed to about 60%. Other officials' attitudes: Fed Governor Mulan: supports a 25 basis point cut. Dallas Fed President Logan: it may be difficult to cut rates again in December. ·Boston Fed President Collins: maintaining interest rates at the current level is "appropriate."