《250,000 people liquidated! Bitcoin falls below $100,000, is a major crash imminent?》

In the early hours of today, Powell stated that the Federal Reserve has no intention of participating in the government's plan to hoard large amounts of cryptocurrency. Coupled with the Fed's meeting lowering next year's interest rate cut expectations, cryptocurrencies plummeted in response. After reaching 90,000, Bitcoin has experienced three sharp declines, and this marks the fourth. The previous three sharp declines consumed a large amount of buying power, and this time, buying power is scarce in the market, leading to a continued decline. Investors attempting to buy the dip may find themselves trapped, making a short-term rebound to strength difficult. Previously, the market's enthusiasm was overly high, and this time may complete the most brutal cleansing before the altcoin bull market, leveraging Powell's remarks.

On the 19th at 3 AM, after the U.S. Federal Reserve's interest rate decision was announced, Bitcoin plummeted from a high of $104,800 to a low of $100,303, with a short-term drop of 4.3%. As of the time of writing, it is reported at $98,971, with a nearly 24-hour drop of 5.85%. In the past 24 hours, $702 million was liquidated, affecting 25,300 people, with long positions liquidating $608 million and short positions liquidating $93.57 million.

“A super crash of 20,000 points is still on the way,” altcoins have corrected nearly 15%, and worries about all altcoins going to zero have emerged, putting the cryptocurrency market in a critical situation. Today, the U.S. core index S&P 500 had a significant drop, marking the worst decline in 20 years. If we enter a descending channel, the gains of altcoins may all be wiped out.

Important reminder: Stay cautious and develop steadily, the trend has not fundamentally changed, and policies are still moving towards monetary easing, albeit at a slower pace. The impact of the U.S. elections has yet to be unleashed; I am optimistic about the month following the power transition on January 20, 2025, combined with the anticipation of fourth-quarter earnings reports. Before January 20, quality assets like BTC and ETH can be bought on dips, but currently, I am not in a hurry to act; I will see if there are opportunities after Christmas. If BTC falls below $95,000 (this is just a hypothesis), I will start accumulating positions. The Elon Musk-themed dog puppies are the strongest concept on the Ethereum chain, with 15,000 holding addresses, potentially becoming the next SHIB. #币安Alpha项目公布 #美联储放鹰 #加密市场回调 #puppies币 $SHIB $DOGE $PEPE