Powell’s “hawkish first half, dovish second half”—did the market get played hard? The entire network liquidated a staggering $530 million in 24 hours!

Just the past half day, the crypto market went through a “rollercoaster” cleansing.
In the first half of Powell’s remarks, he released hawkish signals—instantly weighing on the market, and bears thought they had it in the bag; then in the second half, the tone flipped suddenly. He started getting all vague, talking like it was “just buying time,” and his wording was clearly dovish. One round of up, one round of down—straight up wiping out both longs and shorts.
Let’s look at these liquidation data (as of press time):
24-hour total 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 were long liquidations)
· Short liquidations: $5.74 million
The worst part was the last 1 hour—almost all longs were wiped out, showing that the hawkish talk from before the second-half dovish shift had already cleaned out retail traders who were chasing longs.
And short liquidations over the 4-hour and 12-hour windows are also continuing to build—meaning that when Powell “opened the tap” in the second half, the shorts who chased that move didn’t escape either.
In summary:
This time, Powell isn’t a hawk or a dove—he’s a “showman.” The first half feeds the bears, the second half feeds the bulls, and ultimately what he’s feeding is liquidation after liquidation. Direction doesn’t matter—volatility is the real combine harvester.
Next, keep a close eye on the CPI data—don’t play guessing games with the Federal Reserve. $ETH