【Black Tuesday Raid! 130,000 people liquidated, $659 million wiped out】

A macro tide recedes, and the crypto market is experiencing a indiscriminate liquidity squeeze.
Today’s market overview:
Market bloodbath: BTC briefly drops to $61,877 (a two-week low), ETH also drops 5.6%.
Leverage liquidations: Over 130,000 people liquidated in the past 24 hours, totaling $659 million! Of which 91% were long positions, high-leverage traders were ruthlessly liquidated.
Macro blame: The Federal Reserve’s rate hike expectations have sharply increased, coupled with a heavy decline in US tech stocks, BTC has completely become a “high Beta risk asset,” falling in tandem with the Nasdaq.
Institutional divergence intensifies:
Optimists (Standard Chartered): Believe that around $59,000 has formed a bottom, maintaining a forecast of $100,000 by the end of the year.
Pessimists (Galaxy Digital): Warn that liquidations are not yet complete, and the true bottom may be in the $40,000-$46,000 range.
Next, focus on three signals:
1. Can the key support level of $61,877 hold?
2. When will spot Bitcoin ETF stop “bleeding”?
3. Tonight’s US May PCE price data will verify the rate hike expectations.
#Bitcoin #Cripto #BTC #Ethereum #加密货币 #Macro Market