Powell—“hawkish in the first half, dovish in the second half”—did the market get played hard? The whole network saw $530 million in liquidations in 24 hours!

In just the past half day, the crypto market went through a “rollercoaster” washing.
In the first half of Powell’s remarks, hawkish signals were released—the market instantly came under pressure, and the bears thought they were in control. But in the second half, the tone abruptly shifted: he started speaking ambiguously about “spending time on it,” with wording clearly turning dovish. One round of that and back, and it wiped out both sides—longs and shorts—at once.
Let’s look at the liquidation data (as of the time of writing):
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 million
1-hour liquidations: $200 million
· Long liquidations: $200 million (almost entirely all longs)
· Short liquidations: $5.74 million
The worst was in the most recent 1 hour—virtually all longs were wiped out, showing that the wave of hawkish talk from before the second half had already cleaned out retail traders chasing longs.
And liquidations of short positions are still accumulating on the 4-hour and 12-hour timeframes too, meaning that when Powell “opened the floodgates” in the second half, the shorts that chased that trade also couldn’t dodge the blow.
In short:
This time, Powell isn’t a hawk and he isn’t a dove—he’s a “master of acting.” He feeds the shorts in the first half, feeds the longs in the second half, and what he ultimately feeds is liquidation and clearing. Direction doesn’t matter—volatility is the real reaper.
Next, keep a close watch on CPI data—don’t play a mind-reading game with the Federal Reserve. $ETH ‌#美联储利率不变但内部分歧加剧 ‌