Powell's "hawkish first half, dovish second half," the market was played hard? The entire network experienced $530 million in liquidations in 24 hours!

Just in the past half day, the crypto market went through a "rollercoaster" baptism.

Powell's speech initially signaled a hawkish stance, causing the market to come under immediate pressure, with bears thinking they had the upper hand; but then the tone suddenly shifted, becoming vague and "watered down," with clearly dovish language. This back-and-forth directly wiped out both longs and shorts.

Let's look at this set of liquidation data (as of press time):

24-hour global liquidations: $530 million

· Long liquidations: $350 million
· Short liquidations: $180 million

12-hour liquidations: $450 million

· Long liquidations: $330 million
· Short liquidations: $110 million

4-hour liquidations: $310 million

· Long liquidations: $270 million
· Short liquidations: $35.05 million

1-hour liquidations: $200 million

· Long liquidations: $200 million (almost all longs)
· Short liquidations: $5.74 million

The most severe was the last hour—almost all longs were wiped out, indicating that the hawkish comments before the dovish turn in the second half had already cleaned out the retail traders chasing longs.

Meanwhile, liquidations of shorts over 4 hours and 12 hours are also accumulating, meaning that when Powell "eased up" in the second half, the short positions also couldn't escape unscathed.

To sum up:
This time, Powell is neither hawk nor dove, but a "showman." The first half nurtures shorts, the second half nurtures longs, ultimately leading to liquidations and forced closures. The direction doesn't matter; volatility is the real harvesting tool.

Next, keep a close eye on CPI data—don't play guessing games with the Federal Reserve. $ETH