Tonight at 11 PM, the cryptocurrency market may experience a "catastrophic" level rally!

Two major events are colliding head-on:
1. The new Federal Reserve Chair officially takes office tonight at 11 PM.
The market has already priced in no rate cuts in June, and some are even betting on "continued rate hikes." If the speech leans hawkish, mainstream coins could suddenly plunge.
Don’t expect an immediate surge; current liquidity simply can’t support a mindless bull market.
2. Tonight also features $BTC and $ETH massive options expirations.
21k BTC options + 129k ETH options expiring simultaneously, what do institutions like to do?
— Hit the "biggest pain points."
In other words:
When you think it’s time to rise, it might suddenly waterfall;
When you think it’s time to fall, it could instantly spike and then plunge.
The market is no longer just a simple long-short battle,
but a "battle of gods."
Even more terrifying, on-chain data shows institutions have been continuously selling coins, with Coinbase’s premium being hammered down to the lowest point in a month, indicating very poor sentiment among US market funds.
But there are still ruthless players opening ETH 25x leverage longs against the trend.
Right now, the market:
Bulls are stubborn, bears are stubborn,
both sides are fighting fiercely.
Tonight’s volatility may not be just a few dozen points,
but a few hundred points up and down within minutes.
Those without stop-losses might not even realize how they got wiped out tonight—let’s wait and see.