The Federal Reserve's interest rate decision triggered sharp market volatility, resulting in losses of up to $286 million for Bitcoin/cryptocurrency traders.
While major cryptocurrency prices remained relatively stable over the past 24 hours, data from CoinGlass shows that the dramatic price fluctuations surrounding the Fed meeting led to the liquidation of approximately $286 million in funds for over 87,000 traders.
Long positions were liquidated for $186 million, while short positions were liquidated for $100 million.
Bitcoin alone suffered losses of approximately $57 million, with losses on both long and short sides nearly equal. A price fluctuation of about 2% was enough to force both leveraged long and short positions out of the market.
With the expiration of leveraged trading, Bitcoin is currently trading at a higher price than when the Fed announced its decision to maintain interest rates.
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Lookonchain
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A newly created wallet (bc1qwz) has just withdrawn 1,250 $BTC (809,400 USD) from Binance.
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余烬
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Are stocks too risky, and whales are back to the "gentle" crypto market? 😂 Just now, an address withdrew 1,250 BTC ($80.94 million) from Binance to the blockchain.
Address:
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#Bitget VIP members! Crypto, US Stocks, CFD – One-stop global opportunity management.
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Bitcoin Magazine
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Breaking news: Santander, Spain's largest bank, reported holding $4.3 million worth of spot Bitcoin ETFs.
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The Bitcoin Historian
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Breaking News: Former Democratic presidential candidate Bernie Sanders publicly lobbied to kill the Bitcoin Transparency Act.
"This bill is a gift to the cryptocurrency industry."
"The bill has no ethical provisions to stop Trump from profiting from his cryptocurrency plans."
"Iran is using cryptocurrency to buy drones, bombs, and even kill our soldiers."
Supporting the Bitcoin Transparency Act is "treason." 😡
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Crypto Tony
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Latest news: US GDP growth rate is 1.5%.
Expected: 2.1%
Lower than expected, but Bitcoin did not plummet.
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Whale Insider
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Breaking news: Santander, Spain's largest bank, reported holding $4.3 million worth of spot $BTC ETF.
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The Bitcoin Historian
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Breaking news: Billionaire investment legend Ray Dalio has just confirmed that he still holds 1% of his portfolio in Bitcoin.
“There are many kinds of currency. Bitcoin is a currency that cannot be printed.”
“It is a financial asset, not someone else’s liability.”
“It is a hard currency asset like gold.”
“You should invest 5% to 15% of your money in hard currency assets.”
The era of global wealth is coming! 🚀
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無名先生
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This statement isn't a countdown, but rather a statement about the progress of block production—there are 90,000 blocks left until the next halving, which is very close.
The countdown points to April 2028.
At a block rate of one every 10 minutes, 90,000 blocks will take approximately 625 days (about 1 year and 8 months). This aligns perfectly with the publicly announced halving countdown: the current reward is 3.125 BTC, and the next halving is expected in April 2028, with a target block height of 1,050,000.
The logic behind halving is scarcity.
This event is written into Bitcoin's code: every 210,000 blocks, the miner reward is automatically halved. The purpose is to control the production of new coins, up to a cap of 21 million.
Halving has historically often been accompanied by price catalysts.
After each past halving, there has been a surge lasting 12 to 18 months, reaching new highs. However, it cannot be viewed as a simple cause and effect. Judging from past patterns, the halving is more like the starting point of a cycle, and the specific price trend still needs to be considered in conjunction with the macro environment.
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The Bitcoin Historian
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Breaking News: 🇺🇸 Democrats and Republicans have just reached an agreement on the bipartisan ethical provisions of the Bitcoin Transparency Act – CoinDesk
Now all we need is Trump's signature, and the biggest hurdle to the bill's passage has been cleared.
We won!
Go for it! 🔥