Last night, the cryptocurrency market experienced a "roller coaster" — a sudden liquidation event affected the globe, with 66,000 traders being liquidated in an instant, causing over $64 million in funds to evaporate. The cause pointed to an unexpected decline in the U.S. November CPI data: the year-on-year growth rate fell to 2.7%, and the core CPI was only 2.6%, marking a three-year low. Once this set of data was released, Wall Street immediately raised its interest rate cut expectations to 60%. The expectation of cheap funds drove the U.S. stock market to rise continuously, and cryptocurrency assets followed suit.
Behind the seemingly favorable situation, high leverage has amplified the risks. At the moment when the price of the currency fluctuated violently, contract positions exploded altogether. This has already been one of several large-scale "blood baths" this year.
The global wave of interest rate cuts is quietly taking shape - from Europe to Japan, several central banks are releasing signals of easing. Gold and silver have risen in response, and investors are clearly shifting towards all "anti-devaluation" varieties in asset allocation. The crypto market benefits from the liquidity easing cycle, but the balance between risk and opportunity is swaying.
What deserves more attention is that the new chairman of the Federal Reserve is facing "pressure" from the decision-making level - demanding a significant interest rate cut, lowering rates to 1%. The complexity of the policy game determines the direction of this wave of market trends. Is it the eve of a bull market or is a storm approaching? The market is still searching for answers.
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SandwichTrader
· 9h ago
It's another disaster caused by high leverage, with 66,000 people paying the price, it's really becoming unbearable. It's always like this, just one piece of data can take down a group of people.
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NFT_Therapy_Group
· 9h ago
It's the same old story of leverage getting liquidated... 660,000 people exited just for that little bit of CPI data, this market is really something.
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AirdropAutomaton
· 9h ago
Once again, it's the scene of leveraged liquidation, with 660,000 people accompanying a loss of 64 million dollars... This script is performed every year, so why are there still people willing to go all in?
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ApeEscapeArtist
· 9h ago
660,000 people eliminated? This number sounds painful, leverage is truly poison.
#数字资产市场洞察 $BTC $ETH $SUI
Last night, the cryptocurrency market experienced a "roller coaster" — a sudden liquidation event affected the globe, with 66,000 traders being liquidated in an instant, causing over $64 million in funds to evaporate. The cause pointed to an unexpected decline in the U.S. November CPI data: the year-on-year growth rate fell to 2.7%, and the core CPI was only 2.6%, marking a three-year low. Once this set of data was released, Wall Street immediately raised its interest rate cut expectations to 60%. The expectation of cheap funds drove the U.S. stock market to rise continuously, and cryptocurrency assets followed suit.
Behind the seemingly favorable situation, high leverage has amplified the risks. At the moment when the price of the currency fluctuated violently, contract positions exploded altogether. This has already been one of several large-scale "blood baths" this year.
The global wave of interest rate cuts is quietly taking shape - from Europe to Japan, several central banks are releasing signals of easing. Gold and silver have risen in response, and investors are clearly shifting towards all "anti-devaluation" varieties in asset allocation. The crypto market benefits from the liquidity easing cycle, but the balance between risk and opportunity is swaying.
What deserves more attention is that the new chairman of the Federal Reserve is facing "pressure" from the decision-making level - demanding a significant interest rate cut, lowering rates to 1%. The complexity of the policy game determines the direction of this wave of market trends. Is it the eve of a bull market or is a storm approaching? The market is still searching for answers.