$SPELL Down 19% in 24 hours, from 0.00015 to 0.0001, with volume surging to $75 million — this dirty work is being cleared by US stocks and the Fed for it.

Last night's Fed minutes were more hawkish than expected, and after revision, the nonfarm payrolls data is actually 0.3 standard deviations higher than forecast. The dollar index jumped directly, commodities crashed across the board: crude oil down 2%, gold loses 2000. SPELL's 30-day correlation with BTC is 0.42, with the S&P 500 it's 0.29, but last night, as institutional funds fled to safety, it was dragged down even harder — altcoin liquidity is already thin, and a capital withdrawal directly caused a 20% drop.

Don't rush. The 0.0001 level is a 6-month support. If tonight's CPI is below 7%, expectations for a Fed rate cut in the second half of the year will reignite, commodities and BTC will rebound in sync, and SPELL has a high probability of following. Suggestion: Accumulate a base position at 0.0001 (stop loss 0.000095), take profit 0.00012. If CPI exceeds expectations, exit immediately. Don't just look at the chart; the commodity index RSI is already oversold, and a rebound could come at any time.