đš $600M IN LONGS JUST GOT WIPED â BUT FEAR STILL HASN'T SHOWN UP! â ïž
The Fed minutes are out, and crypto bled straight into the release.
BTC has slipped to ~$83.1K after another failure under the $87K ceiling, dragging the majors with it.
Here's the catch:
đ Over $600M in leveraged longs got liquidated â long traders took nearly all the damage.
đ Total market cap fell 2.1% while trading volume exploded from $135B to $185B. That's forced selling, not calm distribution.
â ïž ETH (-4.8%), SOL (-4.6%) and XRP (-5.8%) are bleeding roughly twice as hard as BTC (-2.8%).
When altcoins drop 2x faster than Bitcoin and liquidations spike, that's a leverage cascade â not orderly profit-taking.
Q4 watch: Wintermute flags $82.5K as the line in the sand. Hold it, and the uptrend survives. Lose it, and $80K comes into view â with October hike odds still alive.
Is $83K the dip buyers have been waiting for â or the floor giving way? đ
Not financial advice â educational purposes only.
#FedMinutesFocusOnOctoberPause #Bitcoin #Ethereum #crypto
$BTC $ETH $SOL
The Fed minutes are out, and crypto bled straight into the release.
BTC has slipped to ~$83.1K after another failure under the $87K ceiling, dragging the majors with it.
Here's the catch:
đ Over $600M in leveraged longs got liquidated â long traders took nearly all the damage.
đ Total market cap fell 2.1% while trading volume exploded from $135B to $185B. That's forced selling, not calm distribution.
â ïž ETH (-4.8%), SOL (-4.6%) and XRP (-5.8%) are bleeding roughly twice as hard as BTC (-2.8%).
When altcoins drop 2x faster than Bitcoin and liquidations spike, that's a leverage cascade â not orderly profit-taking.
Q4 watch: Wintermute flags $82.5K as the line in the sand. Hold it, and the uptrend survives. Lose it, and $80K comes into view â with October hike odds still alive.
Is $83K the dip buyers have been waiting for â or the floor giving way? đ
Not financial advice â educational purposes only.
#FedMinutesFocusOnOctoberPause #Bitcoin #Ethereum #crypto
$BTC $ETH $SOL