122k people wiped out, $490 million directly evaporated, this data made my back go cold.

But the most brutal thing in the market isn't this number, but three cryptocurrencies took completely opposite paths.

$BTC rebounded from 62,200 to 64,297, up 1.21% in 24 hours, $HYPE also reached 70.47, up 1.74%. It’s like they’re saying: the liquidation is over, we survived.

But RE showed no movement at all, just sitting there, as if forgotten by the market.

I don’t hold positions in this round, but watching this rebound, it’s fake to say I don’t regret. Didn’t dare to buy during the panic earlier, now it’s bouncing back, and I still don’t dare to chase—classic retail trader mentality—missing out is more painful than making money.

The key levels are now very clear. If $BTC can hold steady above 64,000, with liquidation strength reaching $786 million, that will be the real explosion of liquidations.

But around 63,500 is the neckline of this rebound; if broken, it’s another story.

For coins like $HYPE, with poor liquidity, a rebound of 122k traders wiped out, $490 million evaporated—this data made my back go cold.

But the most brutal thing in the market isn’t this number, but three cryptocurrencies took completely opposite paths.

$BTC rebounded from 62,200 to 64,297, up 1.21% in 24 hours, $HYPE also reached 70.47, up 1.74%. It’s like they’re saying: liquidation is over, we survived.

But RE showed no movement at all, just sitting there, as if forgotten by the market.

I don’t hold positions in this round, but watching this rebound, it’s fake to say I don’t regret. Didn’t dare to buy during the panic earlier, now it’s bouncing back, and I still don’t dare to chase—classic retail trader mentality—missing out is more painful than making money.

The key levels are now very clear. If $BTC can hold steady above 64,000, with liquidation strength reaching $786 million, that will be the real explosion of liquidations.

But around 63,500 is the neckline of this rebound; if broken, it’s another story.

Coins like $HYPE, with poor liquidity, rebound quickly, fall quickly, chasing highs is just giving money to the whales.

Market sentiment is still extremely panicked, with the Fear and Greed Index at only 23. At such times, it’s either a golden trap or a continuation of the decline.

No one can say for sure.

Do you think this rebound is real or fake?

This time, the FOMC maintained interest rates at 3.5-3.75%, Powell gave no signal of rate cuts, and the September rate hike is fully priced in. This line directly limits $BTC’s rebound potential, and capital outflows from risk assets are highly likely.

Next, if $BTC cannot break above 64,000, altcoins and contract funds will only tighten more, and liquidations will shift from long squeezes to #我的Gate交易时刻 short squeezes.