Bitcoin and Ethereum decided to ruin everyone’s day-because why not?-amid $550M in liquidations before Fed Chair Jerome Powell’s big speech. 🎤💥
Bitcoin and Ethereum are dragging the crypto market down like two drunk friends at a party who just realized they left the oven on. The market is now bracing for Powell’s speech like it’s the season finale of The Bachelor-except with fewer roses and more panic-selling. 🌹📉
Massive liquidations have turned the crypto market into a scene from The Hunger Games, and honestly, Powell hasn’t even said a word yet. Buckle up, folks. 🍿
Crypto Market Prepares for Powell’s Speech Like It’s a Divorce Court Hearing
The crypto market is currently vibrating with the energy of a Chihuahua in a thunderstorm ahead of Powell’s speech. Will he hint at rate cuts? Will he crush dreams? Who knows! But traders are acting like they’re about to get a surprise pop quiz. ✍️😬
The CME FedWatch tool is basically the Magic 8-Ball of finance right now, predicting rate cuts like it’s predicting whether your Tinder date will ghost you. Spoiler: Probably. 🎱
Traders are clinging to hope like it’s the last slice of pizza at a Super Bowl party, but let’s be real-Powell’s speech could go either way. 🍕🤷♀️
Bitcoin and Ethereum Liquidations: AKA ‘How to Lose $550M Before Breakfast’
Bitcoin and Ethereum just hosted a liquidation party, and everyone got invited. Over $156 million in long positions evaporated faster than my motivation to go to the gym. 💸😭
The biggest loser? Some poor soul on Binance who lost $8.53 million on a BTCUSDT position. That’s enough to buy a small island-or, you know, one NFT of a monkey wearing sunglasses. 🏝️🐒
“Everyone’s gone long on Bitcoin and Ethereum-what could possibly go wrong?” said someone who clearly didn’t watch The Big Short. 🎬
Traders keep piling into longs like it’s a Black Friday sale, setting up the perfect storm for a liquidation bloodbath. 🩸
A drop to ~$112K BTC = $15B wiped out. A fall to ~$4.2K ETH = nearly $10B gone. So… who’s ready for ramen noodles for dinner? 🍜
– Margex (@Margexcom)
Analysts Predict Bearish Trends Because, Well, Duh
Analysts are out here stating the obvious like, “Bitcoin might go down!” Thanks, Sherlock. 🔍📉
Michael van de Poppe suggested Ethereum might dip if Bitcoin rallies, which is basically the crypto version of “if your friend jumps off a bridge, would you?” Spoiler: Yes. Yes, you would. 🌉
Meanwhile, Ali Martinez pointed out Bitcoin’s overbought signals like it’s a bad Tinder profile. RSI at 74.21? ChandeMO at 100? TD Sequential flashing a sell signal? Sounds like Bitcoin needs a juice cleanse. 🧃
“Now, we’re seeing a sell signal, supported by other overbought indicators. The RSI and the ChandeMO are showing signs of exhaustion.”
– RSI recently touched 74.21. – ChandeMO has reached 100.
– Ali (@ali_charts)
Bitcoin is down 1% at $121,779 (because why not?), and Ethereum dropped 3% to $4,336-basically the crypto version of forgetting your wallet at home. 💸😅
Will Powell save the day? Or will he just shrug and say, “Good luck, nerds”? Stay tuned for the next episode of As the Crypto Burns. 🔥📺
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2025-10-10 07:35