Ethereum is going absolutely crazy tonight, brothers!! I just checked the data and now I’m completely stunned!!

In the past 1 hour, liquidations across the whole network totaled $60.83 million; short positions were liquidated for $56.8 million, while long positions only saw $4.02 million. The shorts’ corpses are stacked like a mountain—this dog pool really played it ruthlessly.

YoY CPI is 3.5%, which is way lower than the expected 3.8%; it flipped to negative month-over-month for the first time in six years. On the Wash side, they say “zero tolerance for high inflation,” but the market doesn’t care at all—traders directly cut the rate-hike bets to below 20%. With the good news landing, U.S. stock index futures jumped; $ETH ‌ violently pumped it up by 6 points to 1880, and $BTC ‌ also poked around 64,000.

But now the problem is—when the good news is already out, it becomes bad news. BTC got dumped from 64,000; after the intraday high at 64,162.2, it’s been hovering around 63,800. Brothers who chased higher probably already started cursing. For the short term, if this range of 63,500–64,000 can’t break through, that’s basically the ceiling; on the downside, first look at 61,300–60,000. Over on ETH, the RSI is up to above 92, seriously overbought—if you chase in now, be careful about getting hung up like a flagpole.
$XAU ‌
In this setup, the bulls just finished enjoying themselves, and the shorts’ corpses haven’t even cooled yet—this dog pool turns around and is about to harvest the chasers. In the comments, tell me: in this wave, were you the short side that got liquidated, or the long side that chased and got trapped?
#Gate6月透明度报告